And actually this whole idea that taxes have anything to do with this is bunk. The NCAA has no net income, so even if they become tax exempt, they'll still pay no taxes. I'd love to see the math that says they're saving "billions" in taxes. If the NCAA was forced to be for profit, almost nothing would change exept they'd be required to do a little more reporting, and maybe change some terminology.
Schools are also tax exempt, and their not for profit status actually matters, because if schools become for profit, donations are no longer tax free, and it decentivises alums from donating. It also would make getting state subsidies very weird. But none of this matters because that isn't happening.
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And actually this whole idea that taxes have anything to do with this is bunk. The NCAA has no net income, so even if they become tax exempt, they'll still pay no taxes. I'd love to see the math that says they're saving "billions" in taxes. If the NCAA was forced to be for profit, almost nothing would change exept they'd be required to do a little more reporting, and maybe change some terminology.
Schools are also tax exempt, and their not for profit status actually matters, because if schools become for profit, donations are no longer tax free, and it decentivises alums from donating. It also would make getting state subsidies very weird. But none of this matters because that isn't happening.