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Author Topic: Tax Plan Impacts College Athletics  (Read 1650 times)

GGGG

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Tax Plan Impacts College Athletics
« 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.
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B. McBannerson

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Re: Tax Plan Impacts College Athletics
« Reply #1 on: November 03, 2017, 08:43:19 AM »
Welcome back
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GGGG

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Re: Tax Plan Impacts College Athletics
« Reply #2 on: November 03, 2017, 08:46:14 AM »
Thank you.  Gave myself a four week (minus one day) break.
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warriorchick

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Re: Tax Plan Impacts College Athletics
« Reply #3 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.
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Have some patience, FFS.

GGGG

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Re: Tax Plan Impacts College Athletics
« Reply #4 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.
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tower912

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Re: Tax Plan Impacts College Athletics
« Reply #5 on: November 03, 2017, 11:21:55 AM »
Glad you are back
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Luke 6:45   ...A good man produces goodness from the good in his heart; an evil man produces evil out of his store of evil.   Each man speaks from his heart's abundance...

It is better to be fearless and cheerful than cheerless and fearful.

GGGG

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Re: Tax Plan Impacts College Athletics
« Reply #6 on: November 03, 2017, 11:29:19 AM »
Thank you.
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Dr. Blackheart

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Re: Tax Plan Impacts College Athletics
« Reply #7 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.
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real chili 83

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Re: Tax Plan Impacts College Athletics
« Reply #8 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.
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Lennys Tap

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Re: Tax Plan Impacts College Athletics
« Reply #9 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!
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GGGG

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Re: Tax Plan Impacts College Athletics
« Reply #10 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!
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Jay Bee

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Re: Tax Plan Impacts College Athletics
« Reply #11 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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Thanks for ruining summer, Canada.
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