I have made this point before, but let’s walk through
The scenario of making athletes employees. If they are they pay taxes on the benefits they receive. So if an athlete gets a full ride to a $50k a year college, $3,000 grand or so in free clothes and equipment for the sport, another couple grand for tutoring, food, etc. Then maybe we pay them 15,000 grand as an employee. Add in medical benefits. Let’s say that adds up to $75,000 grand. Assuming a 30% tax rate, who is paying the $25k in taxes? The parents?
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In response to this post by hokie4life2)
Posted: 09/18/2019 at 5:15PM