BoR laughs at ISU

**NobodyBeatsCy** · 06-12-2010, 11:14 AM

Originally Posted by Hawk10

^THIS...It's not like Iowa and the Big Ten would be the only one's affected...ISU would probably have to severely cut back athletics if this happens...football would probably stay and mens bball...but say goodbye to EVERY other men's sport...

Let me tell you the rest of the schools would still be okay...it would just shove you guys further down...be careful what you wish for.

I don't see how much worse it can get for us, so I really don't care. If the Big Ten and future "Super Conferences" puts themselves above all others, and in the process hurts quality institutions, the least they can do is pay their taxes for the priviledge.

**Bubbahotep** · 06-12-2010, 11:14 AM

I think universities that make a certain percentage over athletic department operating costs should be charged a luxury tax. There are ways of leveling the playing field, and the big schools deserve a kick in the nuts too.

**NobodyBeatsCy** · 06-12-2010, 11:17 AM

Originally Posted by Bubbahotep

I think universities that make a certain percentage over athletic department operating costs should be charged a luxury tax. There are ways of leveling the playing field, and the big schools deserve a kick in the nuts too.

Amen. This is the NCAA - NOT the NFL.

**Wesley** · 06-12-2010, 11:19 AM

Originally Posted by cohawk

I would hope and pray as an ISU fan they never get rid of the tax exempt status. You already run in the red and need support from the state. It's highly unlikely ISU could keep a football team without the tax exempt status in place.

Do we pay taxes if we run in the hole?

**Wesley** · 06-12-2010, 11:20 AM

Originally Posted by Bubbahotep

I think universities that make a certain percentage over athletic department operating costs should be charged a luxury tax. There are ways of leveling the playing field, and the big schools deserve a kick in the nuts too.

If so, this would slow the super conferences down.

Let's tax the crap out of departments that spend more than $100M a year.

**NobodyBeatsCy** · 06-12-2010, 11:24 AM

Originally Posted by Wesley

Do we pay taxes if we run in the hole?

I'm not a CPA, but a quick calculation would yield -$14,000,000 in revenue x an effective tax rate of 35% would equal a $4,900,000 tax refund. So we got that going for us ... (Go ahead and finish that if you'd like)