Maybe it’s the taxes.
In case you don’t want to read the whole thing, here’s the tldr version:
Considering there’s no state tax in Florida (former resident here), maybe that lent a little bit in Beck’s decision to head south that we hadn’t considered before (nah, it’s the money and the honey, most likely).
Anyway, if passed, Georgia gets a new recruiting edge in the NIL/Portal war.
My wondering now…will it be passed by the time the spring window opens? Maybe Kirby’s been holding on to some money knowing this may be coming down the pike.
Chess versus checkers.
What’s the top state rate down there? 7%.
Slightly less than 6.
I love UGA but they should pay state taxes on their income. I do.
I admit I’m not a fan of this, and I’m as anti-income tax as they come. Why should a college athlete be exempt from state taxes on his/her NIL payment while those of us who work to pay for their scholarships have to do it with after-tax dollars because that donation is no longer tax deductible?
The only way I would agree to this would be to make all contributions to athletic scholarship funds of Georgia universities deductible for state tax purposes.
This is embarrassing. It is something Alabama would do.
I fully support players getting their money but they should be assessed taxes to help play for, among many other things, their coaches’ salaries.
I am afraid there are some people in Athens (and probably, North Avenue) who are likely behind this. If Kirby supports it and the General Assembly passes it, the governor will sign it.
Another pressing issue the State Assembly needed to address on behalf of their constituency. Now put a tariff on NIL deals for athletes of visiting teams.
You could argue that’s already in the state tax code and is used for any number of professions including sports. Arch Manning plays a game in Athens and the SEC championship game. A portion of his NIL payment is earned in the state of Georgia. The Georgia DOR could go after that money.
Payments from collectives absolutely should be taxed that way. It’s pure pay for play.
Gov Kemp for the win!
When shit like this goes down, it is hard to defend mericuh’s priorities to my cynical, uptight Euro friends that do not understand college athletics in the U.S. of motherfuckin A. I just tell them, would you rather pay 60% in taxes or 34%.
In Europe, you go to college to get a degree and it is actually affordable…if you are an athlète then you go to that sports academy-feeder system…
Yay on the win for da kiddos, however, why not eliminate the state income tax for the rest of us?
Any athlete that had the wherewithal to go to a tax free state for NIL, would want to go to a school that prepares them for multiple (at one time the average length of a NFL career was 4 years) NFL contracts.
Colorado assembly proposing a bill to permit the state universities to pay athletes NIL. A sweetener in the bill is that the contracts may NOT be made public. So…taxpayer money and tuitions, fees, etc can be used to fund these deals but no Title IX challenge can be made to see if they are in compliance. This is coming from the Democratic majority in the State House.
The misplaced priorities arms race continues.
Politicians: Giving prostitutes a bad name since the Magna Carta…
They are WAY ahead out here in Texas. They have NEVER had any state income tax on NIL ……..then again, we don’t have a state income tax.