Slighly OT: Alabama Considering Making NIL Earnings Exempt from Taxes

[Catluv]

So are doctors not successful? Police officers? Firefighters? Veterans? Are we going to say some people are better than others because they are worth more? That's a really Machiavellian thought if that's what you're driving at.

None of the above are in the entertainment industry. Kinda an apple and orange thing. Love sports but it is just a vehicle to entertain the masses!!

 

[VikingCat21]

In practice this seems more like a publicity stunt than an actual recruiting advantage. Florida, Tennessee and Texas already don't have state income taxes. Maybe Georgia and Alabama have specific examples of recruits picking schools from those states over them because of the income tax discrepancy??? I doubt it.

 

[bbncal02]

None of the above are in the entertainment industry. Kinda an apple and orange thing. Love sports but it is just a vehicle to entertain the masses!!

No it isn't. It's INCOME. Doesn't matter where it comes from. Everyone should be taxed or no one should be.

 

[bbncal02]

Collegiate program success is not the same as individual success in any random profession. Crowds of tens of thousands of people who are willing to spend money don't show up in the city of Lexington to watch any of those other people perform.

So, yes or no, they are better than us?

 

[Catluv]

No it isn't. It's INCOME. Doesn't matter where it comes from. Everyone should be taxed or no one should be.

I was meaning no one goes to a stadium to watch any of the dr, police. People want them around but don’t pay to watch them. I think these players have been getting paid just we know more now.

 

[UK90]

As a finance professional, this is really bad form and a horrible proposition for the people of Alabama. Professionals are taxed; what's the arguing for not taxing NIL?

The argument is this: Anything that helps Bama win is always a good thing!

No deeper analysis needed.

 

[onearmedjesus]

We have already been there for a long time. Every person making (or that has made) a fat salary from the government, an NGO, or other form of agency that is (in)directly funded by the government is part of the oligarchy.

I agree with your point, but I'm not sure your examples are actually ones that work. 50% of my salary is paid through a grant from the U.S. government, and I don't think I am part of the oligarchy.

 

[Joerules19]

Perhaps they believe that being successful is worth more than the tax? UK and other schools being successful in sports is worth more to the state by driving commerce than a few extra million in tax revenue would be.

Yeah I am sure it is that. I highly doubt many of those legislators went to an Alabama school. It is a recruiting ploy plain and simple.

 

[JonathanW]

There is no valid argument for that. And if I was a voter in a state where that was proposed, they would find out.

 

[KYCAT78]

https://tide1009.com/the-state-of-alabama-has-proposed-a-recent-change-in-nil-policy/

Lol. So, these VERY privileged individuals are now going to be able to making potentially millions and NO tax to the state.

What a giant middle finger to every person in that state that busts their ass at a manufacturing job, or teaching, or nursing, or any other "real" job (making WAAAAY less more than likely). But have to pay their fair share.

I really hate where some things are going man. Laws keep making a caste system and we only need look to India to see how shitty that is.

I'm against this on principle. Any thoughts? It would be one thing to exempt EVERYONE. But create a special class of people that are above the system? That's crap.

I live in Alabama and they tax my groceries if they do this it is a slap in the face to every Alabama taxpayer.

 

[zannmann]

Isn’t Beshear doing away with income taxes in Ky?

 

[NociHTTP]

I know this isn't the players' fault (even though they sure will exploit it), but if anyone here thinks the players actually care about anyone else but their money and fame, I don't know what to tell you.

 

[NociHTTP]

I live in Alabama and they tax my groceries if they do this it is a slap in the face to every Alabama taxpayer.

And if I'm a fan in one of those states, I don't donate a penny to NIL.

 

[bbncal02]

Isn’t Beshear doing away with income taxes in Ky?

Yes, over the course of a few years. But that will be for everyone, not just a select few.