NIL’s

[mjmaherjr]

Arkansas just passed a law that payments made to college athletes directly from universities will be exempt from state income tax. That should go over really well with ordinary citizens who actually have to pay income tax on their earnings!

Under the law – which amended the Arkansas Student-Athlete Publicity Rights Act – funds related to NIL or revenue-sharing directly from a university will be exempt from state income tax. Additionally, the bill states financial information related to payments to athletes will be confidential and not subject to the Freedom of Information Act.

Arkansas Governor signs transformative NIL bill into law

.

www.on3.com

New York needs to do that and I'd be fine with it but that can seriously change decisions with how NIL has exploded

 

[Redenbacher]

New York needs to do that and I'd be fine with it but that can seriously change decisions with how NIL has exploded

You’d be fine with our players not having to pay state income tax on the money the school pays them?? Seriously??

 

[mjmaherjr]

You’d be fine with our players not having to pay state income tax on the money the school pays them?? Seriously??

Yep. Totally. I want the advantage that other states are giving these kids it’s not like they are a 40 year old worker ( Theo John ) I’m absolutely fine with it. It’s a decimal point not even in our income tax and they earn it here they will spend a lot of it here

I’m absolutely in favor of NIL being state and local tax free. It would be a net positive factor in everything else

I also don't think college students while in college should pay payroll taxes

 

[Redenbacher]

Yep. Totally. I want the advantage that other states are giving these kids it’s not like they are a 40 y we old worker ( Theo John ) I’m absolutely fine with it. It’s a decimal point not even in our income tax and they earn it here they will spend a lot of it here

I’m absolutely in favor of NIL being state and local tax free. It would be a net positive factor lung in everything else

So school teachers, police officers, firefighters and all of us reading this board have to pay state income taxes, but a kid getting paid a $1 million a year to play basketball at SJU doesn’t???

I could not disagree with you more!

 

[mjmaherjr]

So school teachers, police officers, firefighters and all of us reading this board have to pay state income taxes, but a kid getting paid a $1 million to play one year of basketball at SJU doesn’t???

I could not disagree with you more!

I don't think the student earning 20k working side jobs in college should pay taxes either

I'm looking at it from a macro view. If other states don't tax state income on NIL then that makes those States more attractive to players. That means we will have to pay more NIL to compensate for what they are losing

I'm fine with you being against it. I'm just giving you the financial truth of what will happen

And like I said I don't think any kids in college paying their tuition should be paying any payroll taxes

Working in college I have nothing but the most respect for. I went 4 years with at minimum 3-4 jobs during the semesters and same thing in summers

BUT the police teacher firefighter thing give me a break. Ummmmm Pensions ! My bro just retired at 49 so don't give me any sob stories I have nothing but respect for what they do that has nothing to do with NIL

 

[logen]

You’d be fine with our players not having to pay state income tax on the money the school pays them?? Seriously??

Just another completely and utterly asinine idea for a continuing dumbing down populace; college athletes, for no logical reason under the sun, don’t have to pay income tax on earnings but teachers, cops, health care workers, etc., etc., etc., etc. countless jobs that really matter, jobs that should be the most important for any sane, common sense society, do?

 

[Redenbacher]

I don't think the student earning 20k working side jobs in college should pay taxes either

I'm looking at it from a macro view. If other states don't tax state income on NIL then that makes those States more attractive to players. That means we will have to pay more NIL to compensate for what they are losing

I'm fine with you being against it. I'm just giving you the financial truth of what will happen

And like I said I don't think any kids in college paying their tuition should be paying any payroll taxes

Working in college I have nothing but the most respect for. I went 4 years with at minimum 3-4 jobs during the semesters and same thing in summers

BUT the police teacher firefighter thing give me a break. Ummmmm Pensions ! My bro just retired at 49 so don't give me any sob stories I have nothing but respect for what they do that has nothing to do with NIL

First of all, we are talking about highly compensated individuals, making $1 million a year to play basketball -not students earning 20k working side jobs in college.

You don't like the police and firefighter example? Fine- why should anyone in any field - lawyer, doctor, accountant, plumber, whatever-- have to pay state income taxes, but a professional basketball player making $1 million a year - which puts them in the top 1% of income earners- not have to?

These college players wanted to be treated like paid professionals. Fine, they got that. Now pay your taxes like everyone else!

 

[logen]

I don't think the student earning 20k working side jobs in college should pay taxes either

I'm looking at it from a macro view. If other states don't tax state income on NIL then that makes those States more attractive to players. That means we will have to pay more NIL to compensate for what they are losing

I'm fine with you being against it. I'm just giving you the financial truth of what will happen

And like I said I don't think any kids in college paying their tuition should be paying any payroll taxes

Working in college I have nothing but the most respect for. I went 4 years with at minimum 3-4 jobs during the semesters and same thing in summers

BUT the police teacher firefighter thing give me a break. Ummmmm Pensions ! My bro just retired at 49 so don't give me any sob stories I have nothing but respect for what they do that has nothing to do with NIL

You give me a break, NIL and money directly from the universities have nothing to do with your working 67 jobs to get through school or a college student making 20k and you know it.
And pensions also don’t have a damn thing to do with NIL and you know that too. Pensions are earned and are not remotely life altering money and retiring at 50 is a hell of a lot different than receiving life altering money at 18-24. If Huckabee is so concerned about athletes going elsewhere, lower the state income tax to compete, don’t go the elitist route, singling out those that happen to be good at games.

 

[mjmaherjr]

First of all, we are talking about highly compensated individuals, making $1 million a year to play basketball -not students earning 20k working side jobs in college.

You don't like the police and firefighter example? Fine- why should anyone in any field - lawyer, doctor, accountant, whatever-- have to pay state income taxes, but a professional basketball player making $1 million a year - which puts them in the top 1% of income earners- not have to?

These college players wanted to be treated like paid professionals. Fine, they got that. Now pay your taxes like everyone else!

It's a kid. It's absolutely relevant to my kid 20k in college example. That's my belief. And again what I'm telling you is a macro point of view. Working in finance I look at the big picture. It's very simple. If other states offer state tax free income for NIL that makes it harder on states that tax it. Therefore they have to pay more to compensate for other offers.

I have friends that live in Florida 6 months and a day then come back up here. You don't know anyone that does it

Also going back to nypd Is their pensions state taxable ? don't even answer I already know it. It's not

 

[mjmaherjr]

You give me a break,

Hmmm let me think about this. Nah I won't

 

[Redenbacher]

It's a kid. It's absolutely relevant to my kid 20k in college example. That's my belief. And again what I'm telling you is a macro point of view. Working in finance I look at the big picture. It's very simple. If other states offer state tax free income for NIL that makes it harder on states that tax it. Therefore they have to pay more to compensate for other offers.

I have friends that live in Florida 6 months and a day then come back up here. You don't know anyone that does it

Also going back to nypd Is their pensions state taxable ? don't even answer I already know it. It's not

You evaded my question, so I'll repeat it.

Why should anyone in any field - lawyer, doctor, accountant, plumber, whatever-- have to pay state income taxes, but a professional basketball player making $1 million a year - which puts them in the top 1% of income earners- not have to?

 

[mjmaherjr]

You give me a break, NIL and money directly from the universities have nothing to do with your working 67 jobs to get through school or a college student making 20k and you know it.
And pensions also don’t have a damn thing to do with NIL and you know that too. Pensions are earned and are not remotely life altering money and retiring at 50 is a hell of a lot different than receiving life altering money at 18-24. If Huckabee is so concerned about athletes going elsewhere, lower the state income tax to compete, don’t go the elitist route, singling out those that happen to be good at games.

Apparently you don't read my whole posts. I don't want any college kid working in college paying taxes except SS

Answer this question. if 49 states pass rules making NIL non taxable but NY taxes it. Will it be harder to get kids to come play in NY ?

 

[mjmaherjr]

You evaded my question, so I'll repeat it.

Why should anyone in any field - lawyer, doctor, accountant, plumber, whatever-- have to pay state income taxes, but a professional basketball player making $1 million a year - which puts them in the top 1% of income earners- not have to?

I didn't evade any question. I live in NY. I'm in the highest bracket I don't do what my clients and friends do and live in Florida for 6 months and a day. I can do it easily and avoid taxes. I choose not to. But kids in College whether NIL or kids working jobs in college I don't want any of them paying income tax to the state. You are talking about les than 100 kids. I want MLB players paying and NBA etc but not kids ( unless Theo John )

 

[Redenbacher]

I didn't evade any question. I live in NY. I'm in the highest bracket I don't do what my clients and friends do and live in Florida for 6 months and a day. I can do it easily and avoid taxes. I choose not to. But kids in College whether NIL or kids working jobs in college I don't want any of them paying income tax to the state. You are talking about les than 100 kids. I want MLB players paying and NBA etc but not kids ( unless Theo John )

You are in the highest state income tax bracket? In NY State, that's $25 million/ year. Congratulations to you!!

But back to the issue: As Pitino himself has repeatedly said, his players are now paid professionals. They should be treated as such, paying their tax obligation is no exception.

 

[mjmaherjr]

You are in the highest state income tax bracket? In NY State, that's $25 million/ year. Congratulations to you!!

But back to the issue: As Pitino himself has repeatedly said, his players are now paid professionals. They should be treated as such, paying their tax obligation is no exception.

My mistake. Federal. NYS it's over 6.85 or whatever

But again put this question to you. If 49 states pass laws that NIL isn't state taxable but NY doesn't. Are we at an advantage and what do you think will happen ?

 

[mjmaherjr]

You give me a break, NIL and money directly from the universities have nothing to do with your working 67 jobs to get through school or a college student making 20k and you know it.
And pensions also don’t have a damn thing to do with NIL and you know that too. Pensions are earned and are not remotely life altering money and retiring at 50 is a hell of a lot different than receiving life altering money at 18-24. If Huckabee is so concerned about athletes going elsewhere, lower the state income tax to compete, don’t go the elitist route, singling out those that happen to be good at games.

Again I get you are stubborn but my position is any kid in college working shouldn't pay payroll tax other than SS. I get it it's hard for you do understand that because it doesn't serve your argument

Pensions non taxable not a game change ? Who has pensions. You might be the first person ever to say they aren't life altering. What a croc of shite. The middle class it certainly is a game change and my brother would tell you such but just ask anyone who has one. BTW these kids are stilll paying fed tax you act like they are free loading and yes I don't think they should pay that when they are in college. It's almost like you are jealous of a fraction of kids earning life changing money because I don't know why. But what about the baseball player earning 50k at SJU if they pay earn that much ? Or Volleyball heck I earned more than them. I'm the defender of all of them. Huckaby ? I'm assuming in your anger got delirious and meant Hulchul or whatever her name is ? I'm fine if she went to 0 on any kids in college no restrictions.

I really appreciate the elitist mention. I love it ! But the truth is I am the defender of the common people. Working in finance I have no problem actually talking about inequities in the world

 

[mjmaherjr]

You give me a break, NIL and money directly from the universities have nothing to do with your working 67 jobs to get through school or a college student making 20k and you know it.
And pensions also don’t have a damn thing to do with NIL and you know that too. Pensions are earned and are not remotely life altering money and retiring at 50 is a hell of a lot different than receiving life altering money at 18-24. If Huckabee is so concerned about athletes going elsewhere, lower the state income tax to compete, don’t go the elitist route, singling out those that happen to be good at games.

and again Hochul spelled wrong you just said lower the state tax to compete.

You literally just said in 8000 words my point. I agree with that

 

[Redenbacher]

My mistake. Federal. NYS it's over 6.85 or whatever

But again put this question to you. If 49 states pass laws that NIL isn't state taxable but NY doesn't. Are we at an advantage and what do you think will happen ?

Zero chance that 49 states will pass laws that NIL isn't state taxable. And I can almost guarantee you that the unions representing the state university professors and other state employees in Arkansas will soon be suing the state of Arkansas for discrimination, by offering preferential tax treatment to state-paid athletes.

 

[mjmaherjr]

Zero chance that 49 states will pass laws that NIL isn't state taxable. And I can almost guarantee you that the unions representing the state university professors and other state employees in Arkansas will soon be suing the state of Arkansas for discrimination, by offering preferential tax treatment to state-paid athletes.

#1 I'm not a lawyer and ok let's narrow down my statement. Well we already know Texas and Florida have no state tax correct ? What if the other big basketball states made NIL non taxable. Don't give me any bs about suing. Would that put NY at a disadvantage ? Simple yes or no

 

[Redenbacher]

#1 I'm not a lawyer and ok let's narrow down my statement. Well we already know Texas and Florida have no state tax correct ? What if the other big basketball states made NIL non taxable. Don't give me any bs about suing. Would that put NY at a disadvantage ? Simple yes or no

NY is **already** at a major inherent disadvantage, being one of the highest tax states. Which you know. And like every other employer in NY, I'm sure SJU already grosses up compensation to employees they want to attract from lower-tax states to make up for the difference. It's standard practice and it would continue under your fantasy scenario.

If you think taxpayers in all 49 states other than NY are going to sit back and allow a group of highly paid athletes to avoid paying income tax, you're dreaming.