No State income tax for NIL
- Thread starter dawgstudent
- Start date
I know the purpose is to stay competitive with other States, but that does not change this fact - that is a crock of ****.
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Screw that. They are making 10-50x more than the middle class and getting free tuition. They should pay double.
Dan Wolken has thoughts if anyone gives a 17 what he thinks!
I'd sue to stay on the team for 15 years too.
Surely they have to pay federal... right? Because if we have to watch another basketball year of overpaid transfer NIL stooges just put forth the minimal effort and know they are tax exempt on high incomes, im going to be pissed. Well, more pissed.
17 that. Why not teachers, nurses, police, fire fighters, etc. if they are going to carve out an occupation? Or, everyone?
I'm sure half of them aren't even filing
Completely absurd. Totally unjustifiable.
Nobody in Mississippi will be paying State Income Tax in 3-4 years. This legislation just insures that Ole Miss & MSU are not at a disadvantage when comparing NIL packages with schools in states that currently do not have a state income tax (Texas, Texas A & M, Florida, Tennessee, & Vanderbilt) plus the schools in states that have passed similar legislation (Auburn & Alabama maybe LSU).
If Dan Wolken doesn’t like it then it’s probably a good idea. **
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This is great news especially knowing that everyone on the basketball team out-earned me this year along with most people on this site. Marx said religion was the opiate of the masses. He was wrong about that and a bunch of other things. The real opiate of the masses is sports.
This is a great reason that shows the depth of thought involved. I now look forward to copying what states on the west coast do because they're other states doing stuff: “NIL is taking the country and coming by storm,” Rep. Trey Lamar said, via the Clarion Ledger. “Other states are doing it, and I believe it’s time that Mississippi starts doing this as well.”
This is a great reason that shows the depth of thought involved. I now look forward to copying what states on the west coast do because they're other states doing stuff: “NIL is taking the country and coming by storm,” Rep. Trey Lamar said, via the Clarion Ledger. “Other states are doing it, and I believe it’s time that Mississippi starts doing this as well.”
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We are more than 3-4 years away from not paying State income tax under current law. We have to let growth outpace spending for a while to get there.
Typical bullsh*t from the uniparty. I don’t really think 18 year olds are considering the tax implications of the millions they are about to make for playing a sport. They need to pay taxes on their scholarships, free room, free food, etc. They are employees.
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We should be getting tax credits for watching MSU sports.
Don’t care. They need to pay taxes like the rest of us and not pay those taxes if or when it changes.
Well when that time comes, they can stop paying state income taxes.
If they aren't going to eliminate it for everyone, screw them! We don't all get free places to live, free education, and six figure incomes plus. MS is already one of the higher taxing states in the country when it's the poorest.
I don’t agree with them not paying taxes. We are teaching this generation the world revolves around them. They should pay the same taxes as everyone else. When we don’t pay state income taxes than they don’t have to.
Man. We just keep finding ways to make college athletics more unappealing to me.
Think about it. Most of these guys are short timers in Mississippi, anyway.
...BUt...but, I'm not going to a Miss. school because they will charge me state income tax. ...
It will not be a big deal, to Miss. anyway.
And has nothing to do with Fed Tax.
It's NIL....
...BUt...but, I'm not going to a Miss. school because they will charge me state income tax. ...
It will not be a big deal, to Miss. anyway.
And has nothing to do with Fed Tax.
It's NIL....
Jeff Lebby should have to pay 10% of his salary in taxes every time he loses a game.
I really don’t understand how anyone could support this. I’m someone who has absolutely no problem with NIL and the players making money but I don’t understand this at all.
If true, there was no need for this legislation. Athletes can get their tax break when everyone else does.
…..yet it does nothing for every other goddamned profession in the state, compared to those other states. 99.999% of which are paid less than 3rd string offensive guards on the football team.
Well see. These things have a way of not meeting projections.
This is incorrect. There are metrics that must be met within the state budget and revenue, before there is "no state income tax". The current projection is those metrics would possibly be hit in 29 years. I'm on the BOS of a county in MS
It IS BS for them to carve out an occupation. But this session has been Twilight Zone weird, anyway. So, par for the course this year. From the state trying to take 80% of fee-in-lieu of ad valorem tax money on megaprojects (I'll let you guess what they're targeting) to the failed HB1, to this garbage bill carving out an occupation to not pay taxes. Those chickens are gonna come home to roost for some folks. They just don't know it yet. There are some really pissed off Supervisors all over the state, in very heavily populated areas.
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Exactly. Most important thing is Tate & most every other state official will be long retired by then. So they get to claim we eliminated income taxes without actually doing anything.
If anyone wants to read the Bill, it's House Bill 4014, authored by Jonathan McMillan and Fred Shanks. I seriously doubt it stands a chance of passing the Senate.
You clearly follow the legislative process closer than I do, but weren’t the triggers the infamous typo in the bill last year that will speed it up to 2030/31 instead as designed?
ETA: which is going to cause even more problems
Just complete nonsense. Making it easier and easier to not be so emotionally invested in this nonsense
even with the typo, it's still about 29 years before the metrics will be hit to trigger the elimination of the state income tax. without the typo, we'd have never hit the triggers, and that was Delbert's intent, but the Senate screwed up and put the decimal point in the wrong place. There's a lot more to that story, but not going into it here.