Speaking of taxes, I wonder if the schools in states with zero state income tax are playing that card when it comes to NIL funding as a differentiator when NIL is similar across a few schools for a recruit.
That's a good point, but probably lost on a lot of kids.
Gotcha. Maybe the larger the company the easier it is to get away with it then. They do official yearly presents (a blanket or jacket etc), that I'm sure are done properly but then my local office cooks us lunch or provides coffee, I think just happens under the radar.
Yeah...We'll give employees hats and shirts and I'll cook for the employees every once in a while. That's not the issue. Where it's an issue is if maybe we have a company cafeteria and it's a true benefit to the employee because they can eat there every day for free. Or, let's say you work at a law firm that requires suits every day and they buy all your expensive suits for work. Those situations are considered a true benefit and should be taxed.
That could still be non taxable if the benefit of the free cafeteria is to the employer even if the employee is eating for free.
A one-off lunch would not be taxed but providing multiple meals per day 7 days a week would be considered a fringe benefit by the IRS. Same with swag. If your employer gives you a coffee mug or shirt or something small it wouldn't be taxable, but with the amount of gear handed out by Adidas/Nike/Under Armour to everyone in the athletic department it would likely be taxable.
These loans happen in minor league baseball. Elly De La Cruz (Reds phenom signed one).
Yeah, I think Real Sports on HBO did a profile on one guy/company who will “invest” in a minor league baseball player and pay him more than typical wages in exchange for a percentage of future wages. It does give the young/minor league player a more livable wage early in their career, but critics have pointed out that these companies seem to prey on young Latin players who may not know what they are getting into.
