lol kAnother person who has no idea how NIL contracts or point shaving works.
lol kAnother person who has no idea how NIL contracts or point shaving works.
How will all of this transferring impact GPA and graduation rates of teams? NCAA still has regulations for those on the books. You would think those will get blown up with all of the transferring.I also think there will be some blue blood programs that will suffer due to their kids losing focus or being resentful of teammates. (Yes I'm looking at you Tejas.) In the mean time NIL will continue to have a negative impact on college athletics IMO.
Which is an "issue" the majority of businesses have to handle. But there is a limit to it. And if some of that money goes to some kid who is playing basketball, cool. Better than buying stuff for the owner's family members and writing them off as "business expenses".Oh silly boy. I know first hand of many businesses that would spend profits at the end of a year in order to not pay taxes.
Example - Owner of car dealership and huge local university bb fan is showing $200,000 profit. He hates paying taxes so he decides to sign a NIL deal with a university athlete to have the athlete "advertise" his dealership because he'd rather that money go to keeping his favorite sports team good than give the government more tax money.
I get calls about "what can I buy so I don't have to pay taxes this year" from probably 75% of my business clients every December.
At least we recognize how slippery slope arguments are used to scare people out of doing perfectly normal things.
Who is cracking down on whether or not regular students get their drunk asses out of bed to go to class?If a kid is making $1-2 million a year, are they really going to go to class?
If the NCAA really wants to address NIL, they need to really crack down on athletes completing the necessary school work.
And I almost died laughing typing this out........
Up early today tuco.Who is cracking down on whether or not regular students get their drunk asses out of bed to go to class?
Another interesting thing is many of these same farmers are being subsidized by taxpayers. Weird how they think it is a zero sum game.I have always asked farmers ( or others but I see more farmers) if they really needed to trade equipment or if it was for tax reasons. If taxes, I’d ask if they understood that 60% of that is still coming out of their cash.
Most don't believe what you think they believe.Another interesting thing is many of these same farmers are being subsidized by taxpayers. Weird how they think it is a zero sum game.
Then why did he orchestrate buying Isheem Young?College Football: Breaking News, Rumors & Highlights | Yardbarker
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I guess someone agrees with me. They might know a little more on the subject than some keyboard warrior living in his parents basement.
I have a buddy who owns his own business who contributed to a charity years ago. We thought it was great but as he talked about it he said things like "I could give a $1000 to the government or support (the charity) with it." Okay, that's fine. But the more he talked about it, the more it became apparent that he thought that every dollar he contributed to the charity would be one dollar less in taxes he would be paying. It took several of us to make him understand that you only got partial credit on your taxes for monies you give to charities. It took him a while to understand and I consider him a pretty smart guy.I have always asked farmers ( or others but I see more farmers) if they really needed to trade equipment or if it was for tax reasons. If taxes, I’d ask if they understood that 60% of that is still coming out of their cash.
Many business owners don’t understand tax fundamentals, much to their detrimentI have a buddy who owns his own business who contributed to a charity years ago. We thought it was great but as he talked about it he said things like "I could give a $1000 to the government or support (the charity) with it." Okay, that's fine. But the more he talked about it, the more it became apparent that he thought that every dollar he contributed to the charity would be one dollar less in taxes he would be paying. It took several of us to make him understand that you only got partial credit on your taxes for monies you give to charities. It took him a while to understand and I consider him a pretty smart guy.
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I guess someone agrees with me. They might know a little more on the subject than some keyboard warrior living in his parents basement.
Well this guy is pretty bright and a college graduate.Many business owners don’t understand tax fundamentals, much to their detriment
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I guess someone agrees with me. They might know a little more on the subject than some keyboard warrior living in his parents basement.
100% this.Yes, because there's no ulterior motive that a high level college football coach could want for getting rid of NIL. I'm sure it has nothing to do with a leveled playing field at all, and it's all about looking out for the student athlete...
Take a look at some of Dabo's other quotes then come back.
Yep. Code release for work. Lots of sitting and waiting for developers to work through a few issues.Up early today tuco.
"I spent $1000 to avoid paying $300 in taxes" gets a lot of people.I have a buddy who owns his own business who contributed to a charity years ago. We thought it was great but as he talked about it he said things like "I could give a $1000 to the government or support (the charity) with it." Okay, that's fine. But the more he talked about it, the more it became apparent that he thought that every dollar he contributed to the charity would be one dollar less in taxes he would be paying. It took several of us to make him understand that you only got partial credit on your taxes for monies you give to charities. It took him a while to understand and I consider him a pretty smart guy.