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Started By
Message
Surprised Florida schools aren't doing better
Posted on 12/17/21 at 12:05 pm
Posted on 12/17/21 at 12:05 pm
No state income tax on all of that NIL money.
9
Posted on 12/17/21 at 12:07 pm to Miss3Channels
Because most of these kids/people don't know how to truly invest in their futures.
Posted on 12/17/21 at 12:07 pm to Miss3Channels
Neither school has institutional commitment. That’s why they are falling.
Posted on 12/17/21 at 12:16 pm to Miss3Channels
quote:
No state income tax on all of that NIL money.
Where you attend school isn’t usually your permanent(taxable) address. You’ll still pay taxes according to your permanent address.
Posted on 12/17/21 at 12:27 pm to Miss3Channels
My guess is no one is paying taxes anyway.
Posted on 12/17/21 at 12:38 pm to The First Cut
quote:
You’ll still pay taxes according to your permanent address.
incorrect
Posted on 12/17/21 at 12:42 pm to TigerDeacon
Posted on 12/17/21 at 1:32 pm to Miss3Channels
miami just stole one from bammer. It will be tougher to get players outta there now with guys like cristobal and napier in charge
Posted on 12/17/21 at 1:37 pm to Boodis Man
A Florida congressman just put forth legislation to make it easier for the Florida schools to make nil deals. Like yesterday because of complaints from Florida and fsu. Apparently a state law made it hard for them to directly offer deals. Next year they will be monsters.
Posted on 12/17/21 at 1:45 pm to The First Cut
quote:
Where you attend school isn’t usually your permanent(taxable) address. You’ll still pay taxes according to your permanent address.
Wrong you pay taxes based off of where you earn the money.
Professional athletes have to pay taxes in every state they play games in.
Posted on 12/17/21 at 1:46 pm to Miss3Channels
You think these kids know anything about taxes?
Posted on 12/17/21 at 2:17 pm to Miss3Channels
Why? They all have the same challenge we have.
Georgia and Bama (and now possibly aTM) selecting whoever they want from whichever state they want.
Georgia and Bama (and now possibly aTM) selecting whoever they want from whichever state they want.
Posted on 12/17/21 at 2:23 pm to Miss3Channels
None of these kids are thinking about taxes unless someone is advising them and actually looking out for their best interest.
Posted on 12/17/21 at 2:54 pm to Miss3Channels
Not surprised at all. Fast Passes to Disney really arent that appealing as an NIL Deal! 
Posted on 12/17/21 at 4:05 pm to geauxtigers33
quote:
Professional athletes have to pay taxes in every state they play games in.
This man is mostly correct. The athlete pays income tax where the money is earned plus is subject to income tax on these same earnings in athlete's state of domicle subject to an off-set for the difference in state income tax rates.
So if a player who is domiciled in CA and makes $1.6 mil per year or $100K per game plays a game in Ohio, he would owe Ohio income tax on the $100K plus that $100K would be includable as income on his CA tax return, but the athlete would only pay CA income tax on the difference in tax rates on the $100K.
If, hypothetically, the CA tax on the $100K is $9000 and the Ohio tax is $5000, athlete would pay $4000 CA tax on said $100K in addition to the Ohio tax.
Alternatively, if Ohio had a higher rate than CA, no CA tax would be paid on said amount.
Posted on 12/17/21 at 5:38 pm to The First Cut
quote:
You pay taxes according to where you live, not where you work.
Literally the first sentence of your link:
quote:
If you work in one state and live in another, you might be required to file more than one state income tax return.
This post was edited on 12/17/21 at 5:39 pm
Posted on 12/17/21 at 6:58 pm to The First Cut
quote:
You pay taxes according to where you live, not where you work.
So why do NBA players pay taxes in the city they work in. NFL too.
Posted on 12/17/21 at 11:12 pm to tiger perry
"Neither school has institutional commitment. That’s why they are falling."
I mean at this point....WTF does that matter?
I mean at this point....WTF does that matter?
Posted on 12/17/21 at 11:14 pm to DeafVallyBatnR
You pay taxes according to where you live, not where you work."
Wrong...if an independent contractor .you pay income taxes where you do the work.
Wrong...if an independent contractor .you pay income taxes where you do the work.
Posted on 12/18/21 at 5:28 am to The First Cut
quote:
Where you attend school isn’t usually your permanent(taxable) address. You’ll still pay taxes according to your permanent address.
You pay taxes based off where you earned that income. During road games professional athletes have to pay taxes in the state they are playing in that week.
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