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Originally Posted by Mrmean58
So now that there is a movement toward student athletes becoming "employees" of their university by getting paid by the school, will the student athletes be responsible for income taxes on the value of their education. Schools such as Harvard, USC, Stanford etc are now charging $85k per year plus in tuition. What about the value of the nutritional three squares the athletes get at their training table daily? I fear a Pandora box has been opened that can never be closed. In the real corporate world, employees are responsible for the taxes on any additional benefits they received over a certain threshold.
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Do you really think....let’s use as an example Liv Dunne from LSU, a gymnast who is generating multi millions yearly in NIL...is going to care if she has to pay for state tuition out of that income? Which btw...all the athletes are subject to withholding as expected. Most are on scholarship anyway as these schools want the exposure said athletes bring to their schools. The Harvard example is really not a great one because unless an athlete can attract NIL interest, it’s a non issue