Taxing College Athletic Donors

[mcg]

The problem is that 'donations' that are required to get tickets aren't donations, they are part of the price of the tickets. Payments for tickets aren't deductible. So why should mandatory 'donations' that aren't really donations be deductible?

The answer is because Congress said so, they passed a law that established the 80% deductibility rule.

Having said that, this idea is going nowhere. You've got to take anything you read in Forbes with a grain of salt.

 

[ALPHAGRIZ1]

Im telling Steve you said that...................

 

[PlayerRep]

For normal premium seating/tickets, I suppose a university could just go to an informal system. Donations would not be required for premium tickets. However, the university could just look at donation and other information in assigning tickets. Don't think there's any first-come first-served requirement for tickets. This wouldn't be as fair, as the university would likely make "mistakes", some modest donors would have to do some lobbying, and some people would undoubtedly get overlooked. This informal system wouldn't raise as much donation revenue, but it would still likely raise alot. It would also lead to some people getting irked over time.

Boxes/suites would be a different situation. Deductibility of 80% of the cost is a bonus for those with boxes/suites, and it causes more people/companies to be more interested in paying more for boxes/suites, but I understand some of the general argument against allowing this. I suppose universities could lose to the size/quality of donors in assigning boxes/suites too.

Don't think it's being suggested that donations to college athletics shouldn't be deductible, at least yet.

 

[Umista]

The age old hate against "rich people" is the tired old crap over and over. The so called rich have provided a great stadium and many of the up grades to the University including fantastic buildings. Not a bad seat in any of the games but better seats can be purchased for a few bucks more. What the hell is wrong with that?

Hard work pays off! If you can help the University with donations you sure as hell should be able to get some relief from the IRS. If you don't make much money enjoy the gifts that others have given for your benefit.

If U are dumb, fat and lazy keep voting for the Obama types and as such they will continue to give U cheap seats.

 

[AllWeatherFan]

The only rich people I don't like are the ones who are assholes. Same with poor people.

 

[Umista]

The only rich people I don't like are the ones who are assholes. Same with poor people.

AWF, I agree with that. Some periods of my life I get a run of A Holes and I almost lose my purpose. In the end I'd guess only 10% fall into the A hole group, rich and poor alike.
Back to the sporting games today, carry on. :arrow:

 

[EdG]

This is not a hate train matter

This is not a rich vs poor matter - I can afford either way

This is not Democrats vs Republican

This is an issue of the federal govenment grossly overspending at the expense of others. Yup our kids and grand kids

This is a suppose to be a government for the people, not a few select people that enjoy growing entitlement programs

Make no mistaek we are on this board becuase we all love the Griz- this will hurt the Griz for no reason

 

[AZGrizFan]

I'm pretty much out of f***[*] to give to people that throw coin around like that.

Please notice that president Slobama is pandering to folks like you. Meanwhile, please notice that prez Slobama is NOT TAXING the lowlife political donors that contributed to his numerous political election campaigns.

Slobama voters don't care about that. Until the time comes where THEY actually have two dimes to rub together and the gubmint comes a callin' for their 38%.