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Wed Oct 30, 2019, 02:44 PM

 

Senator Burr: Black elite athletes should pay taxes, lazy white Rich Kids of Instagram should not

Racist Senator Burr says BLACK college athletes who have WORKED & EARNED their college athletics money (merit-based wealth, self-funded their own years of training, equipment, time, sweat, "productive" ) should pay taxes,

but WHITE Rich Kids of Instagram, useless lazy ungrateful brats, skipped college or cheated their way in, should NOT have to pay estate taxes on the windfall dumped in their laps and spent on clubbing and bling (not merit-based wealth).

(Remember - he's against affirmative action because it is - according to him - not "merit based".)

@SenatorBurr

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Reply Senator Burr: Black elite athletes should pay taxes, lazy white Rich Kids of Instagram should not (Original post)
EveHammond13 Oct 2019 OP
AkFemDem Oct 2019 #1
GeorgeGist Oct 2019 #2
Blue_true Oct 2019 #3

Response to EveHammond13 (Original post)

Wed Oct 30, 2019, 02:57 PM

1. A huge percentage of D1 athletes who get athletic scholarships

Happen to be from privileged white families who have been able to spend tens of thousands of dollars on private coaches and trainers, expensive travel leagues, sports clinics, and pricey equipment.

Taxing scholarship income of athletes who benefit from endorsements would affect a small pool of college athletes, and this pool would specifically be financially benefitting from corporate sponsorships that would more than offset those taxes.

Iím not sure that the tax influx would make any real dent in national debt so it seems as if it would be more symbolic than practical so Iím opposed. Personally I would NOT be opposed though to see schools offset athletic scholarship money dollar for dollar on any corporate sponsorships earned- and that funding go back into the pot for academic merit and needs based aid.

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Response to AkFemDem (Reply #1)

Wed Oct 30, 2019, 04:43 PM

2. How huge?

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Response to AkFemDem (Reply #1)

Wed Oct 30, 2019, 07:54 PM

3. Why not simply tax high incomes the way they should be taxed,

and close loopholes. If that is done, it doesn't matter how someone got a high income. An inheritance should be considered income, but people that get one should be allowed to income average for 5 years subsequently.

BTW, except for maybe Hockey players, few rich kids go on to play professional sports and get rich endorsement deals. But again, it doesn't matter if we tax high incomes properly.

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