- Thread starter
- #1
From ESPN: Texas athletic director Steve Patterson, at the Big 12 forum in New York this past week, placed the full value of a Longhorn football scholarship at $69,000 per year -- tax-free. "If you add the taxes to that," Patterson said, "it puts you in about the top third of household incomes in the United States. If the fourth-string defensive lineman is getting the benefit of a top-third household income in the United States, I don't think they're doing all that poorly." Next year, add cost of attendance ($4,310 at Texas).
Assuming a person was in a modest tax bracket of 20%, that makes the taxable value of a scholarship at UT $86,250. Next year the taxable value will increase to $91,637. These values are assuming tax deductions a college kid likely wouldn't have so his/her tax bracket would be even higher which makes the value of the scholarship even greater.
And they are whining about needing another five grand a year because someone has been "exploiting them" by using their likenesses on video games? I say anyone who doesn't like getting "screwed by the man" by accepting an athletic scholarship should STFU and try getting through college like a regular student.
Assuming a person was in a modest tax bracket of 20%, that makes the taxable value of a scholarship at UT $86,250. Next year the taxable value will increase to $91,637. These values are assuming tax deductions a college kid likely wouldn't have so his/her tax bracket would be even higher which makes the value of the scholarship even greater.
And they are whining about needing another five grand a year because someone has been "exploiting them" by using their likenesses on video games? I say anyone who doesn't like getting "screwed by the man" by accepting an athletic scholarship should STFU and try getting through college like a regular student.