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re: Mississippi House Passes No Tax on NIL Money Bill

Posted on 3/4/26 at 10:35 am to
Posted by The Torch
DFW The Dub
Member since Aug 2014
29629 posts
Posted on 3/4/26 at 10:35 am to
Retires have to pay taxes on money they are receiving that they already paid taxes on.

But no taxes on NIL
Posted by theOG
Member since Feb 2010
10835 posts
Posted on 3/4/26 at 11:04 am to
Is this only for student athletes or can my employer call my salary an NIL payment?
Posted by Rrrrroger
Member since Mar 2021
1347 posts
Posted on 3/4/26 at 1:12 pm to
If there’s any state out there rich enough to turn down potential tax revenue, it’s Mississippi
Posted by Chaz95
Dallas, Texas
Member since Nov 2007
19697 posts
Posted on 3/4/26 at 1:14 pm to
bruh, they cannot pass a law against paying FEDERAL taxes, but if they don't want to charge state taxes, then fck 'em...let them wipe their asses with those hundreds of thousands of state taxes.
Posted by Bjorn Cyborg
Member since Sep 2016
35565 posts
Posted on 3/4/26 at 4:01 pm to
quote:

State Rep. Dixon McMakin, R-Baton Rouge (and LSU announcer?) authored one last year making NIL earnings for student athletes completely exempt from state taxes. It didn't really go anywhere..


frick that and frick him
Posted by peaster68
Mississippi
Member since Dec 2011
6183 posts
Posted on 3/4/26 at 8:27 pm to
And the state of Mississippi also killed a bill giving teacher pay raises
Posted by Civildawg
Member since May 2012
10484 posts
Posted on 3/17/26 at 7:19 pm to
FYI this bill was killed today
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9767 posts
Posted on 3/17/26 at 7:30 pm to
quote:

Retires have to pay taxes on money they are receiving that they already paid taxes on.


Wut? Please explain....
Posted by Dirk Dawgler
Georgia
Member since Nov 2011
4308 posts
Posted on 3/17/26 at 7:43 pm to
Good
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
97022 posts
Posted on 3/17/26 at 7:45 pm to
quote:

FYI this bill was killed today


Good. It's an absolutely absurd idea.
Posted by gaetti15
AK
Member since Apr 2013
15298 posts
Posted on 3/17/26 at 7:48 pm to
quote:

Retires have to pay taxes on money they are receiving that they already paid taxes on.


Wut? Please explain....


Yeah they dont tax retired income in MS so this is dumb
Posted by UnluckyTiger
Member since Sep 2003
43174 posts
Posted on 3/17/26 at 8:16 pm to
Good. What a dumbass state.
Posted by The Torch
DFW The Dub
Member since Aug 2014
29629 posts
Posted on 3/18/26 at 10:58 am to
Double Taxation of Social Security

The Process:

Workers pay Federal Insurance Contributions Act (FICA) payroll taxes on their earnings. When these funds are returned as retirement benefits, they may be taxed again.
Posted by GeauxtigersMs36
The coast
Member since Jan 2018
13253 posts
Posted on 3/18/26 at 6:17 pm to
As a Mississippi resident this is the crap that drives me crazy. Tax the crap out of me yet these players can taking in millions tax free? Then I’ll hear about we don’t have rural hospitals, public education is terrible, teachers pay and well you get the point.
Posted by TexasTiger08
Member since Oct 2006
30123 posts
Posted on 3/18/26 at 6:24 pm to
quote:

FYI this bill was killed today


Good. Allowing “kids” to rake in millions because they are employees, but still handling them with kid gloves regarding taxes will draw a line in the sand real fast between fans and athletes. I don’t desire 4 and 5 star recruits enough to essentially help foot the bill.
Posted by themunch
bottom of the list
Member since Jan 2007
71987 posts
Posted on 3/19/26 at 7:42 am to
But they will shut down a lemonade stand
Posted by KillTheGophers
Member since Jan 2016
6785 posts
Posted on 3/19/26 at 8:40 am to
That is some third world stuff right there.

Our society is so out of balance - we need a massive economic recession to pull everyone back to reality…..including college athletics.

But I understand the reasoning - most of these kids are going to run into tax issues with state and irs due to poor tax planning and reporting.
Posted by TexasTiger08
Member since Oct 2006
30123 posts
Posted on 3/19/26 at 11:56 am to
quote:

Our society is so out of balance


I’ve been saying this for a while. We live in a country where the idols are entertainers, streamers, and influencers…and meanwhile our law enforcement, teachers, and healthcare workers are shite on daily.
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9767 posts
Posted on 3/20/26 at 8:05 am to
quote:

Double Taxation of Social Security


Wrong.

quote:

Workers pay Federal Insurance Contributions Act (FICA) payroll taxes on their earnings. When these funds are returned as retirement benefits, they may be taxed again.


Wrong. Taxation of SS depends on income as it is a mechanism for means testing. Most people get out more than they pay into SS. Could they have done better investing their contributions? Sure.

Don't lie to make your point. This always happens on this board. People confidently post lies to prove their grievances.



LINK
Posted by The Torch
DFW The Dub
Member since Aug 2014
29629 posts
Posted on 3/20/26 at 8:21 am to
quote:

depends on income


nuff said dumbarse
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