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FWIW, @ChuckGrassley follows @CycloneFanatic. Just sayin.
If I posted something here asking for his help on something, think I'd get a response? :spinny::spinny::spinny:
Because with nothing else going on this country right now, they should be worrying about football.
I havnt read this whole thread but the message the OP is sending out is a different message than was in the athletic dept last week. Things to change fast but not that fast.
Actually, in a sense, they should be.
While I'm not necessarily convinced that ISU being dropped to CUSA, or even worse, the MAC, would be detrimental to ISU's academics, there are a lot of concerns out there that, in fact, ISU's academics would take a severe hit. What's a university's function - to teach kids and perform research, or to make as many $$$s as possible sporting the best football team possible, getting them on TV as much as possible, and spending millions of $$$ on facilities to facilitate this?
Not to mention this is all tax-exempt. Which means universities are free to make as much money as possible without being taxed, but donors can give money to the school's athletics and claim it on their taxes.
Not to mention each and every one of these universities are taking Federal dollars.
If one university's actions, or, in this case, many university's actions are potentially going to destroy the academics of another university because of something that has absolutely nothing to do with the classroom just so that collection of universities can make a few extra $$$ in collegiate athletics, then the plot has been lost. Since this issue involves Federal dollars in terms of research money and money that perhaps should be taxed because what was once a truly a not-for-profit has clearly become a for-profit enterprise, you damned well better believe the Government should be involved in this.
I hear this argument a lot: "there is so much more money involved now and the athletic departments are profiting money from this that they should lose their tax-exempt status." I'm not sure I understand why bringing in more money or profiting from athletics would be grounds for losing tax-exempt status? ...
I don't want to throw the OP under the bus here but the more I think about this...
How do 2 members of the US Senate and 3-4 members of the US House of Representatives share a suite with Pollard and Geoffrey and not a single person in the media picks up on it?
I don't want to throw the OP under the bus here but the more I think about this...
How do 2 members of the US Senate and 3-4 members of the US House of Representatives share a suite with Pollard and Geoffrey and not a single person in the media picks up on it?
Because it's not that big of a deal, and probably happens quite a bit, and will probably happen this week as well.I don't want to throw the OP under the bus here but the more I think about this...
How do 2 members of the US Senate and 3-4 members of the US House of Representatives share a suite with Pollard and Geoffrey and not a single person in the media picks up on it?
I hear this argument a lot: "there is so much more money involved now and the athletic departments are profiting money from this that they should lose their tax-exempt status." I'm not sure I understand why bringing in more money or profiting from athletics would be grounds for losing tax-exempt status? I'm not disagreeing with this view necessarily, I just don't understand it. And I'll concede there are other parts to the tax-exempt status debate besides revenues and profits, but more revenue and profits have really no bearing on whether an organization is classified a non-profit tax-exempt corporation in the tax code.
In fact, if there were limits on revenues or profits then the red-cross should be taxed as well with a budget of nearly 2 Billion dollars and their revenues from the sales of products and services operates at fairly high profit margins. Likewise, mega-churches bring in millions of dollars in revenue and some pay their staffs very hansomly.
I just don't see an argument for "their making a profit so they can't be a non-profit." The term "non-profit" doesn't actually mean you can't make a profit and as long as your purpose is charitable, educational, religious, scientific or a literary activity you can be a non-profit. In the case of college football, all the schools have to say is, "we are educating up to 1000 kids every year that otherwise couldn't afford an education." and you've pretty much fulfilled your obligations toward education. Could schools more efficiently educate kids...maybe, but all the schools have to say is that the cost of doing business is what it is, we have to pay our head marketer...echkhem...head coach...top dollar because they are so good at bringing in donations, and he needs all these facilities in order for us to continue to bring in all the donations. It's a vicious circle, but it's necessary.
Again, I don't necessarily disagree that there's something wrong with college athletics and the athletics departments at major universities could jeopardize non-profit tax-exempt status. But I'm also not convinced that US Senators or anyone else for that matter would be all that successful in playing this card.
Have you paid no attention to what happened on Friday and the days since then?
Because it's not that big of a deal, and probably happens quite a bit, and will probably happen this week as well.
I understand that but i doubt anyone has any idea to what is going to happen and making a change isnt the reason we had guests from DC at the game.
Non-Profit isn't about size, it's about mission and impact. And the fact that they are tied to Universities, not an NFL farm league (which the NCAA already is basically, and would be more or less formalized by a move to superconferences).
Which is also why certain megachurches are getting looked into for their tax exempt status, and some bowls have also been hit with stuff for their actions that don't reflect being a non-profit.