MUScoop

MUScoop => The Superbar => Topic started by: GGGG on November 03, 2017, 08:42:27 AM

Title: Tax Plan Impacts College Athletics
Post by: GGGG on November 03, 2017, 08:42:27 AM
http://www.newsobserver.com/news/politics-government/politics-columns-blogs/under-the-dome/article182403556.html

Basically gone is the 80/20 rule.  If you make a gift to purchase season tickets for Marquette basketball, 80% of that gift would no longer be tax deductible.
Title: Re: Tax Plan Impacts College Athletics
Post by: B. McBannerson on November 03, 2017, 08:43:19 AM
Welcome back
Title: Re: Tax Plan Impacts College Athletics
Post by: GGGG on November 03, 2017, 08:46:14 AM
Thank you.  Gave myself a four week (minus one day) break.
Title: Re: Tax Plan Impacts College Athletics
Post by: warriorchick on November 03, 2017, 10:36:37 AM
Quote from: Sultan of Slap O' Fivin' on November 03, 2017, 08:42:27 AM
http://www.newsobserver.com/news/politics-government/politics-columns-blogs/under-the-dome/article182403556.html

Basically gone is the 80/20 rule.  If you make a gift to purchase season tickets for Marquette basketball, 80% of that gift would no longer be tax deductible.

Not sure that is going to affect anyone's decision on whether or not to donate/buy tickets.  Anyone who sits in the ones that require a ton of donation-related points is probably going to spend the money anyway.

Glow and I have specifically asked for certain contributions not to count towards points because we don't need any more to sit where we want to sit, and we'd rather have the deduction.
Title: Re: Tax Plan Impacts College Athletics
Post by: GGGG on November 03, 2017, 10:53:46 AM
Quote from: warriorchick on November 03, 2017, 10:36:37 AM
Not sure that is going to affect anyone's decision on whether or not to donate/buy tickets.  Anyone who sits in the ones that require a ton of donation-related points is probably going to spend the money anyway.

Glow and I have specifically asked for certain contributions not to count towards points because we don't need any more to sit where we want to sit, and we'd rather have the deduction.



I think price points are going to have to go down which is going to cost the schools money.  Supply and demand suggests that's going to happen.
Title: Re: Tax Plan Impacts College Athletics
Post by: tower912 on November 03, 2017, 11:21:55 AM
Glad you are back
Title: Re: Tax Plan Impacts College Athletics
Post by: GGGG on November 03, 2017, 11:29:19 AM
Thank you.
Title: Re: Tax Plan Impacts College Athletics
Post by: Dr. Blackheart on November 03, 2017, 11:52:25 AM
Quote from: Sultan of Slap O' Fivin' on November 03, 2017, 08:46:14 AM
Thank you.  Gave myself a four week (minus one day) break.

Welcome back Sultan! I hope things are going well.
Title: Re: Tax Plan Impacts College Athletics
Post by: real chili 83 on November 03, 2017, 08:51:22 PM
Quote from: Sultan of Slap O' Fivin' on November 03, 2017, 08:46:14 AM
Thank you.  Gave myself a four week (minus one day) break.

Rumor was you were on an island with Keefe.
Title: Re: Tax Plan Impacts College Athletics
Post by: Lennys Tap on November 03, 2017, 09:04:33 PM
Quote from: Sultan of Slap O' Fivin' on November 03, 2017, 08:46:14 AM
Thank you.  Gave myself a four week (minus one day) break.

Didn't see this thread when I welcomed your return in another one - happy for your return!
Title: Re: Tax Plan Impacts College Athletics
Post by: GGGG on November 03, 2017, 09:06:50 PM
Quote from: real chili 83 on November 03, 2017, 08:51:22 PM
Rumor was you were on an island with Keefe.

Eeww.

Quote from: Lennys Tap on November 03, 2017, 09:04:33 PM
Didn't see this thread when I welcomed your return in another one - happy for your return!

Thanks Lennys!
Title: Re: Tax Plan Impacts College Athletics
Post by: Jay Bee on November 04, 2017, 11:58:21 AM
Quote from: Sultan of Slap O' Fivin' on November 03, 2017, 08:42:27 AM
http://www.newsobserver.com/news/politics-government/politics-columns-blogs/under-the-dome/article182403556.html

Basically gone is the 80/20 rule.  If you make a gift to purchase season tickets for Marquette basketball, 80% of that gift would no longer be tax deductible.

Obama tried to do this as well.. didn't fly.

http://latenighthoops.com/university-minnesota-vs-president-obama/#.Wf3xtVtSzIU
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