RyanCuse44
Starter
- Joined
- Sep 1, 2019
- Messages
- 1,127
- Like
- 2,366
And he still doesn’t know when to take a knee. Great recruiter but a poor game coach.
He'll still pay state income tax - the "jock tax" - when his team has games in other states.and no state income tax in Florida!
Do players have to pay a tax when "working" in other states for games for the NIL money they are being paid?
I think there is confusion on the pay for play rulling though.. You cant pay them for playing.. You can pay them NIL for being on a team which generates the interest in the NIL.. So if you are being paid for being on a team and that team plays a game then why wouldnt it be taxable?No because NIL isn’t pay for play
This is something I never thought about for coaches.He'll still pay state income tax - the "jock tax" - when his team has games in other states.
It isn't tied to them playing or being on a team.I think there is confusion on the pay for play rulling though.. You cant pay them for playing.. You can pay them NIL for being on a team which generates the interest in the NIL.. So if you are being paid for being on a team and that team plays a game then why wouldnt it be taxable?
Do pro players pay taxes in other states? I never heard this come up beforeI think there is confusion on the pay for play rulling though.. You cant pay them for playing.. You can pay them NIL for being on a team which generates the interest in the NIL.. So if you are being paid for being on a team and that team plays a game then why wouldnt it be taxable?
I think there is confusion on the pay for play rulling though.. You cant pay them for playing.. You can pay them NIL for being on a team which generates the interest in the NIL.. So if you are being paid for being on a team and that team plays a game then why wouldnt it be taxable?
I get thats the way it supposed to work.. But do we really believe that player X get 1 million from Miami and then struggles and goes to Div III and the NIL continues to pay him?It can never be tied to them playing or being on a certain team
Technically all NIL deals are paying for the players “Name Image and Likeness”
You are correct that it is in theory pay for play, but that doesn't apply to tax laws because the contract can't legally be tied to them playing for a certain team, or "playing" at all.I get thats the way it supposed to work.. But do we really believe that player X get 1 million from Miami and then struggles and goes to Div III and the NIL continues to pay him?
In theory a guy could get NIL from a place in the spring . transfer in the summer and transfer again in Jan and get 3 NIL deals at the same time I guess
So it can be tied to signing with a team. just nor for performance.You are correct that it is in theory pay for play, but that doesn't apply to tax laws because the contract can't legally be tied to them playing for a certain team, or "playing" at all.
How can it be tied to signing with a team?So it can be tied to signing with a team. just nor for performance.
The Jock tax isn't for playing either, it is for being on the roster of an event in a different state.
coaches and players pay tax for those games.
NIL is a loophole for the tax status of the schools, just seems its being loosely applied to get around tax laws.
its in the rules in some places. maybe its state by state?How can it be tied to signing with a team?
I just thought it was against the rules everywhere. Your NIL is not directly tied to the school at all. You are signing a contract with a business or a collective.its in the rules in some places. maybe its state by state?
its in the rules in some places. maybe its state by state?
its in the rules in some places. maybe its state by state?