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re: Now that players are getting paid for NIL should they have to pay for tuition ?

Posted on 7/1/21 at 1:39 pm to
Posted by FredBear
Georgia
Member since Aug 2017
15056 posts
Posted on 7/1/21 at 1:39 pm to
quote:

No we don't



I can't speak for anyone else but I've had to pay tax on my income my entire adult life. I have never received a "tax free" income unless it was under a certain amount. It used to be 600 bucks, it may be a different number now
Posted by Oilfieldbiology
Member since Nov 2016
37604 posts
Posted on 7/1/21 at 1:40 pm to
What you’re responding to is that you don’t pay taxes on discounts. Scholarships can be viewed as providing a discount to students, not direct payments.
Posted by Salmon
On the trails
Member since Feb 2008
83652 posts
Posted on 7/1/21 at 1:43 pm to
quote:

I can't speak for anyone else but I've had to pay tax on my income my entire adult life. I have never received a "tax free" income unless it was under a certain amount. It used to be 600 bucks, it may be a different number now


no Roth IRA? no 401k match? no HSA?

do you get taxed on Healthcare benefits?

if you want to consider "room and board" an income, then you should consider all of these things taxable incomes as well
This post was edited on 7/1/21 at 1:44 pm
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