re: NIL, IRS, and Players

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NIL is exempt from taxes probably.

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It’s earned income for “marketing.” Thats 100% taxable. The students are also on scholarship so pretty much everything else is paid for, meaning they really won’t have a lot of write offs to offset their tax obligation.

The ones who are going to be screwed are the ones who made $50k and blew it all and didn’t account for taxes. They are going to have to get another NIL deal just so they can pay their taxes.