More on the athlete lawsuits before the courts, NLRB

GTNavyNuke

Helluva Engineer
Featured Member
Messages
9,968
Location
Williamsburg Virginia
So, they'll have to pay taxes on the value of scholarships etc if they win?

Liked the sarcasm in post #5 and #16.

They are probably already paying taxes on the scholarships. My daughter had a scholarship and got a 1099-T. Later she worked for GT as a grad student. Parts of the tuition both times were taxable ..... but there were exemptions and since she was in such a low income bracket she paid little taxes. (Which is the way it should be.)

I think student athletes in D1 football will be found to be employees. Then they will also get the lifetime medical benefits for injuries suffered on the job. What I can't predict is the political side - will Congress then make college football a tax exempt like they did for the NFL and MLB? (I think those tax exemptions should be phased out, but that would lose contributions and votes so it'll never happen.)
 
Top