Taxing College Athletes’ Scholarships? How It Could Work
November 04, 2019
Lou Vlahos was quoted in a Fox Business article regarding the impact of compensation for collegiate athletes and whether or not their scholarships should be taxed.
Below is an excerpt from the article.
The move would not be out of step with recent sentiment among lawmakers, some of whom are questioning whether colleges should even be tax-exempt at all. Meanwhile, the 2017 Tax Cuts and Jobs Act imposed an excise tax on the net investment income of some private institutions.
“This would be an instance of misuse of the [tax] code if they were to turn around and tax these kids… They’ve got to remember what they’re paying them for to be there — they’re student-athletes.” Vlahos told Fox Business.
To read the full article, click here.