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Texas A&M boosters paying $30M NIL
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[QUOTE="RandomGuy, post: 4118508, member: 6422"] That depends. Bagmen $$ was not taxable. Why the IRS hated it. Recipient paid no tax. The bag $$ would have come from disposable income from the giver. Already taxed. In the new scenario? The booster could write off the player $$ as a legitimate biz expense, lessening their own tax burden. In this case, they could pay more than previously, as long as a service is provided, and write it off. Even sketchier would be to pay players huge $$ for charity appearances, if it lessened the tax burden of the giver even more. I think in each scenario, it provides a currently legal path for the booster to receive a tax benefit, not previously available. Yes. The recipient will pay the tax, so the IRS is better off. Even still. I dunno how the IRS will be fine with that. Its a condition of EMPLOYMENT at said University. Some NIL deals should certainly pass the IRS lense. Many of the new ones? We all know its to provide a service on the field. I can't imagine the IRS doesn't subject these to labor law. NIL is a good thing. Using it to skirt labor law for providing a service to a particular University, is an employment contract. [/QUOTE]
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Texas A&M boosters paying $30M NIL
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