College athletes set to be paid directly by schools

[Esqueleto]

If athletes are going to be paid by the university, they should not be exempt from taxes. In fact, all benefits should then be taxed as income, salary + scholarship, ie tuition, room & board, travel, etc. Athletes want to be paid and act as professionals, then treat them as professionals. They get all the perks, now time to pay up like the rest of us.

100% agree!

[CajunVic]

there is already not enough money to compete here and you want to reduce it to give money to govt

I thought logic and reason here was at the bottom

It’s truly at the bottom of the barrel

[R1Letterman]

100% agree!

They already were supposed to have been paying taxes.....on a portion..... ncaa failed again.

What about Athletic Scholarships? An athletic scholarship is like any other scholarship, in that amounts used to pay for tuition and textbooks are tax-free. Amounts used to pay for room and board and other non-qualified expenses, however, are taxable.May 10, 2019
https://www.savingforcollege.com › ...
Are Scholarships Taxable? - Saving for College

[R1Letterman]

And they only received tax savings if they were "degree-seekimg" candidates.... can these transfers with only one season left and not enough time to sit for last 30 hours in residence as stipulated by most degree criteria really claim that?

Is an athletic scholarship considered earned income?
Scholarships that pay for qualified educational expenses at qualified educational institutions generally don't count as taxable income. Scholarships are tax-free only if the student is a degree-seeking candidate, attends a qualified educational institution, and the funds are used for qualified education expenses.Mar 28, 2024
https://turbotax.intuit.com › tax-tips
Taxes for Grads: Do Scholarships Count as Taxable Income? - TurboTax

[HoustonCajun]

there is already not enough money to compete here and you want to reduce it to give money to govt

I thought logic and reason here was at the bottom

It’s truly at the bottom of the barrel

Its not just here. It is at every school. These athletes keep getting more and more at our expense. This whole thing has gotten completely out of hand. They are no longer here to get an education. For those seeking an education and a degree, I commend and support you. For those just in it for a buck, go for it. But don't expect a total tax free-be. And, don't expect total fan support. I'm an alumnus and fan of UL and here to support UL and players here to get a degree and become alumni, not compete for the highest bidder then off to the next school.

[CajunVic]

Have you seen what our govt spends most ey on lately

no need to send them one more nickLe than they already get

I would much prefer it go to someone with Louisiana across their chest