Collegiate Players Union

[Randy]

almost all of those expenses would be deductible as ordinary and necessary business expenses.

[BEhomer]

Well, it ultimately depends on how much of their taxable income is in the form of cash. If they are taxed on scholarship, training services, coaching, travel expenses etc. they better negotiate a salary that covers all of that. I doubt it ever comes to that but just going off of the article.

again it goes back to how much leverage union will have. what is any union's ultimate arsenal? walk out and strikes. that's when you really find out how much universities can afford to pay these players.

[ChelseaFriar]

Well, it ultimately depends on how much of their taxable income is in the form of cash. If they are taxed on scholarship, training services, coaching, travel expenses etc. they better negotiate a salary that covers all of that. I doubt it ever comes to that but just going off of the article.

again it goes back to how much leverage union will have. what is any union's ultimate arsenal? walk out and strikes. that's when you really find out how much universities can afford to pay these players.

Walk out and strike would be pretty funny. Hopefully it happens for a BCS Bowl Game and not the Final Four!!!

I'll be a place kicking scab.

[BEhomer]

Well, it ultimately depends on how much of their taxable income is in the form of cash. If they are taxed on scholarship, training services, coaching, travel expenses etc. they better negotiate a salary that covers all of that. I doubt it ever comes to that but just going off of the article.

again it goes back to how much leverage union will have. what is any union's ultimate arsenal? walk out and strikes. that's when you really find out how much universities can afford to pay these players.

Walk out and strike would be pretty funny. Hopefully it happens for a BCS Bowl Game and not the Final Four!!!

I'll be a place kicking scab.

obviously we're a long way from that, but people need to understand we're no longer talking about student athletes. we're talking union and CBAs. it's all about supply and demand.

[DeltaV]

almost all of those expenses would be deductible as ordinary and necessary business expenses.

Only the first ~$5000 of education expenses are considered tax deductible (I'm taking classes currently through my employer). The other (what does private college tuition cost these days? $50,000?) would be taxable. I'm no tax expert, but 50 grand, minus the 5 deductible, 8k? standard deduction, leaves a good 35 grand taxable. I think that's the 15% tax bracket, so they're looking at a tax liability of roughly 5 grand.