Platinum Contributing Member Jimmy Snacks Posted October 29, 2019 Platinum Contributing Member Share Posted October 29, 2019 Athletic Scolarships are apparently already taxed somewhat..any portion used for room and board is considered taxable income. https://www.cnbc.com/2019/10/29/richard-burr-proposes-taxing-scholarships-of-student-athletes-who-cash-in.html Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted October 29, 2019 Platinum Contributing Member Share Posted October 29, 2019 any portion used for room and board is considered taxable income. I never knew that Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted October 29, 2019 Author Platinum Contributing Member Share Posted October 29, 2019 Just now, steve from amherst said: any portion used for room and board is considered taxable income. I never knew that Neither did I and I guess he doesn't like the fact that athletes could soon be able to profit off their likeness and name. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted October 29, 2019 Share Posted October 29, 2019 Whatever happens, Our illustrious education system should be able to exploit these talented athletes by giving them scraps....until they get injured then...off the bus they go! What a load. These athletes should be able to get agents and sign on to the best deal. Come on already. Quote Link to comment Share on other sites More sharing options...
Anler Posted October 29, 2019 Share Posted October 29, 2019 Tax tax tax! Quote Link to comment Share on other sites More sharing options...
hayward Posted October 29, 2019 Share Posted October 29, 2019 1 minute ago, Anler said: Tax tax tax! because of spend spend spend! I never knew till my son got hurt in football this year, that the school insurance will pick up the tab on whatever medical bills come about that your own health insurance won't pay for. Wondering what that policy costs the schools to have every year? With all the sports programs, there's a lot of athletes involved, i'm thinking it's pretty costly. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted October 29, 2019 Author Platinum Contributing Member Share Posted October 29, 2019 (edited) 4 minutes ago, Anler said: Tax tax tax! Yep...those pesky Dem.....oh wait........ Republicans!!!!!!! Edited October 29, 2019 by Jimmy Snacks Quote Link to comment Share on other sites More sharing options...
Anler Posted October 29, 2019 Share Posted October 29, 2019 2 minutes ago, hayward said: because of spend spend spend! I never knew till my son got hurt in football this year, that the school insurance will pick up the tab on whatever medical bills come about that your own health insurance won't pay for. Wondering what that policy costs the schools to have every year? With all the sports programs, there's a lot of athletes involved, i'm thinking it's pretty costly. Oh I bet it is. Quote Link to comment Share on other sites More sharing options...
hayward Posted October 29, 2019 Share Posted October 29, 2019 37 minutes ago, Anler said: Oh I bet it is. Now imagine a big name div. 1 university.....holy fuckerballs.... Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 29, 2019 Share Posted October 29, 2019 44 minutes ago, hayward said: because of spend spend spend! I never knew till my son got hurt in football this year, that the school insurance will pick up the tab on whatever medical bills come about that your own health insurance won't pay for. Wondering what that policy costs the schools to have every year? With all the sports programs, there's a lot of athletes involved, i'm thinking it's pretty costly. wish HS was that way. Quote Link to comment Share on other sites More sharing options...
hayward Posted October 29, 2019 Share Posted October 29, 2019 22 minutes ago, Angry ginger said: wish HS was that way. HS as in high school? Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 30, 2019 Share Posted October 30, 2019 1 hour ago, Jimmy Snacks said: Yep...those pesky Dem.....oh wait........ Republicans!!!!!!! It's called "the swamp" Spend spend spend Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 30, 2019 Share Posted October 30, 2019 Tax the fuckers Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted October 30, 2019 Author Platinum Contributing Member Share Posted October 30, 2019 17 minutes ago, racer254 said: It's called "the swamp" Spend spend spend Not sure WTF you are babbling about but the jagoff proposing this tax is a Republican who I'm constantly told are the party of less taxes. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 30, 2019 Share Posted October 30, 2019 (edited) 42 minutes ago, hayward said: HS as in high school? yes paid almost 20 grand for 3 torn ACL's from high school basketball, football and track Edited October 30, 2019 by Angry ginger Quote Link to comment Share on other sites More sharing options...
hayward Posted October 30, 2019 Share Posted October 30, 2019 8 minutes ago, Angry ginger said: yes paid almost 20 grand for 3 torn ACL's from high school basketball, football and track This is high school here that i'm talking about. They claim to pick up whatever my health insurance won't cover. I wonder why yours was different? Next wednesday is arthroscopic labrum fix. Gonna be a long miserable 6 months of recovery, as he's gonna miss baseball season in the spring. I told him clothesline tackles don't work. Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 30, 2019 Share Posted October 30, 2019 12 minutes ago, Jimmy Snacks said: Not sure WTF you are babbling about but the jagoff proposing this tax is a Republican who I'm constantly told are the party of less taxes. This is not a party issue. He has been in DC since 95, do you get it now? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted October 30, 2019 Author Platinum Contributing Member Share Posted October 30, 2019 Just now, racer254 said: This is not a party issue. He has been in DC since 95, do you get it now? I get it just fine but all I hear around here is that Democrats want to take everybody's money via taxes and Republicans don't...do you fucking get it now? Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted October 30, 2019 Share Posted October 30, 2019 2 hours ago, hayward said: because of spend spend spend! I never knew till my son got hurt in football this year, that the school insurance will pick up the tab on whatever medical bills come about that your own health insurance won't pay for. Wondering what that policy costs the schools to have every year? With all the sports programs, there's a lot of athletes involved, i'm thinking it's pretty costly. prob depends on the school . I bet schools like UofM or university of san fran or oxford ect ect with a top notch medical facility can just self insure Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 30, 2019 Share Posted October 30, 2019 1 minute ago, Jimmy Snacks said: I get it just fine but all I hear around here is that Democrats want to take everybody's money via taxes and Republicans don't...do you fucking get it now? You still can't figure out why Trump was elected? How about the teaparty? Do you have any idea as to what group of voters are pushing for both? Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 30, 2019 Gold Member Share Posted October 30, 2019 I wish college tuiton was tax deductible or had some credits. Bunch a bullshit that taxed income is used to pay for college and there is no benefit tax wise. Scholarships should be taxed at least as income Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted October 30, 2019 Platinum Contributing Member Share Posted October 30, 2019 1 hour ago, BOHICA said: I wish college tuiton was tax deductible or had some credits. Bunch a bullshit that taxed income is used to pay for college and there is no benefit tax wise. Scholarships should be taxed at least as income Tuition should be tax deductible. Quote Link to comment Share on other sites More sharing options...
Edmo Posted October 30, 2019 Share Posted October 30, 2019 7 hours ago, steve from amherst said: Tuition should be tax deductible. It is, up to 4K Under current IRS rules, all tuition and education-related fees are tax-deductible, up to $4,000. ... However, this deduction is for taxpayers with a modified adjusted gross income of $80,000 annually — or $160,000 when married and filing jointly.Jun 28, 2018 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 30, 2019 Share Posted October 30, 2019 11 hours ago, BOHICA said: I wish college tuiton was tax deductible or had some credits. Bunch a bullshit that taxed income is used to pay for college and there is no benefit tax wise. Scholarships should be taxed at least as income thats why i am paying for my kids college from a 529 not cash flow or investment accounts. at least i got tax benefits. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 30, 2019 Platinum Contributing Member Share Posted October 30, 2019 12 minutes ago, Angry ginger said: thats why i am paying for my kids college from a 529 not cash flow or investment accounts. at least i got tax benefits. Our 529's for the kids KILLED it in the markets. Unreal the gains they had. If investing for kids college its completely retarded not taking advantage of these tax saving plans. Quote Link to comment Share on other sites More sharing options...
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