O'Cyrus Torrence

[RaginCajun77]

Just wait until the IRS starts visiting with these players...

[CajunEXPRESS]

Just wait until the IRS starts visiting with these players...

Got a feeling that the IRS is going to get their share before anyone gets anything. That’s the American way.

[Esqueleto]

I think these contracts should be drawn up for positions. Imagine the competition for QB1, WR1, etc. Would be fierce

[KajunKrazy]

Just wait until the IRS starts visiting with these players...

Most college students who have part time / summer jobs get all there with holdings back at tax time. Not because of the amount they make but because of their status of full time student. Will it not be the same for these guys?

[Cajunrunner]

Most college students who have part time / summer jobs get all there with holdings back at tax time. Not because of the amount they make but because of their status of full time student. Will it not be the same for these guys?

I'd imagine most full time college students don't make six figures in a year.

[KajunKrazy]

I'd imagine most full time college students don't make six figures in a year.

Correct. My tax person always told me the refund is based on the status of student and not the amount of income. Curious if it will be different for these high paid athletes?

[CajunEXPRESS]

Most of these people will get good pay for the chorus line, but the biggest dollars will as always go to the top stars. Clearly a player can move from the chorus to the headliner in one season.

[moorecajun]

Correct. My tax person always told me the refund is based on the status of student and not the amount of income. Curious if it will be different for these high paid athletes?

That is probably correct to a financial limit. If it's not I need to get back to school.

[RaginCajun77]

That is probably correct to a financial limit. If it's not I need to get back to school.

At some point your status as a student cannot do enough to overcome the amount of NIL income. What's that dollar amount? I'm not sure.

[Cajunrunner]

That is probably correct to a financial limit. If it's not I need to get back to school.

I mean…if a person’s income and FICA tax liability exceeds the annual tuition of some cheap school, why not enroll and flunk every class for at least one year of windfall? :lol: