No taxes on NIL earnings
- Thread starter Eurocat
- Start date
Anything to help the state's cfb and bb programs to win, but healthcare for the indigent?
What a stupid public policy. I would hate to face someone in Arkansas working two jobs at $15 an hour and tell them that they have to pay State income tax, but the QB getting a million dollars doesn't have to pay a cent. Real smart. But those seem to be the priorities nowadays.
…Arkansas and Mississippi are different states but your point remains valid.
State income tax in MS is flat 4% starting at $10k. On a $20M payroll, that’s $800,000 in state revenue (actually a bit less).
When one of the few sources of entertainment other than fishing and hunting is watching 'ol State on TV for most or in person for the few, then anything to help the team win is a political plus.
On the subject of taxes, I was out looking for sneakers at a Dick's store yesterday. The prices are unbelievable. If you want to see a direct correlation between tariffs and consumer price inflation, sneaker.prices are a good proxy. The WSJ could use it as an index.
On the subject of taxes, I was out looking for sneakers at a Dick's store yesterday. The prices are unbelievable. If you want to see a direct correlation between tariffs and consumer price inflation, sneaker.prices are a good proxy. The WSJ could use it as an index.
Somebody oughta' slap a tariff on those European basketball player imports, that's for sure!
I think partly what is driving this is the fact that their two big programs (Ole Miss and MSU) are in the SEC and they have three non income tax states to compete with and they wanted their NIL to be on the same footing as the programs in Tennessee, Florida and Texas.
Given the importance of Ole Miss and Mississippi State football to both the fans and economy of Mississippi, this tax break makes sense.
Like, what reason would anyone ever have to visit that state, or Arkansas, or even Oklahoma, if not for the occasional CFB game? I can’t think of a single reason why I would ever visit those states unless the Cats played there or one of my kids end up at one of those colleges.
Alabama has some of the space industry in Huntsville… but otherwise the state’s only draws are its college sports programs.
And some great beaches on the south end. "Redneck Riviera".
Has to do with unusual tax policy (Yes, tariffs are a tax.) which was a key element of the comment. However, mostly to do with an old man wondering why sneakers went from $120 to $160 in two years since his last pair.
Don't worry. Not standing on the soap box on Trump tariffs. My thought was they don't normally stand out, but sneakers from likely Vietnam highlights the costs.
It's not that I disagree that there are more exciting places to visit, but I will say there are always hidden gems everywhere (as well as value in seeing as many corners of this world as one reasonably can).
I lived in Mississippi for about a year and half due to work around late 2007 to early 2009ish, and while I'm in no hurry to live there ever again, I did find it fascinating and enjoyable, in a certain sense at least. You can find some pretty neat juke joints and blues music around Natchez, if nothing else.
(The year we played Mississippi State in the Gator Bowl, the Bulldogs had a wide receiver/punt returned named Jameon Lewis that I had the opportunity to see play high school football as a quarterback for a state champion team. Lewis was too small to play that position at the next level, but man that guy could move, thus the transition to return man. My two favorite high school games I ever remember watching were from that stint. One was Lewis's team playing a playoff game in fluky 26-degree weather -- which was hilarious to watch Mississippians deal with. Both teams basically abandoned the passing game and just ran the ball until one had to throw to try to come back in the fourth quarter. The other was Lewis's team playing Franklin County, Mississippi -- which had future New England Patriots linebacker Jamie Collins at quarterback. Jamie Collins as a high school quarterback was a poor man's Kaepernick: He was long and gangly, hadn't grown into his body yet, had athleticism to burn but tripped over his own feet if he tried to make a cut, had a rocket for an arm and no accuracy. Basically, they tried to tell their receivers to go deep and run under it, and tried to tell Collins to take off and just try to outrun people if he saw a lane to scramble. Meanwhile there was this tiny QB (Lewis) on the other side who never had anywhere near as much of a chance to make the NFL due to size, but was definitely the better high school QB.)
The Redneck Riveria is the Florida Panhandle. Never heard South Alabama being included in the Redneck Riveria.
Thy have a flat rate 4.4%. Not one of those with progressive rates. Not nothing but not huge either. And what your state taxes are depends on where you consider home, not necessarily where you go to school
0% tax on the $80K in tuition room & board they get annually! Not to mention ALL THAT FOOD
Most states (including MS, I believe) tax non-residents on income earned in the state.
I believe the IRS includes room and board as taxable income.