I wonder when they will start paying taxes on their scholarships since it's
their compensation as employees?
Yup, so these union athletes will each get a w2 and now must pay taxes. The only
folks who win here is the IRS. Happy now?
A handful of big name schools like Alabama and Texas do indeed rake in over $100
million each year, but what of the majority of schools whose athletics programs
are losing money?I can see giving a stipend to these kids so they
can have some walking around money to got out to dinner and a movie once in
awhile, but isn't a free education, free room and board, free travel, and
endless other perks compensation enough?btw, taxing scholarships
isn't going to happen. Opening that can of worms would subject every
college student, not just athletes, to paying taxes on their scholarships.
There is a big difference between an athletic scholarship and an academic
scholarship.Those differences (e.g. mandatory attendance at
practices)led the NLRB to conclude that scholarship athletes are employees.It's not inconceivable that athletes, as employees, would be taxed
on their "wages."Students with academic scholarship
aren't employees thus their scholarships aren't wages.
If athletes can be paid, then anyone involved in money making productions should
be paid. This would include anyone at all involved in plays or musical
productions at a university for which attendance is charged.