Some folks think that football is just a game. In many parts of the country, those folks would be wrong. In the South (and indeed in other places around the country like State College, PA), football has assumed a level of importance right next to God; in fact, we often joke in the South that…
Taxpayer asks: So you’re a football fan, can you tell me what happens to Ben Roethlisberger after his suspension? Can he claim that lost income as a deduction? Just curious. Thanks. Taxgirl says: Yup, I’m a football fan (though I don’t think I’ll have much to cheer about this season – thanks, Andy Reid). And…
Update: We have a winner! It’s Emily! For the answer, see the comments! Our next tax trivia question for the giveaway is: A few years ago, the tax laws in a certain country were changed to benefit wealthy foreigners. The law became known as Beckham’s Law, or Beckham’s Tax, because footballer David Beckham was one…
Today, for the first time in 30 years, Temple is going to a bowl game (excuse me while I wipe a tear of joy from my cheek). It’s a pretty remarkable feat, considering that, just four years before, the university nearly shuttered its football program altogether. The committee decided to keep the program, despite the…
In just a little under three hours, the Philadelphia Eagles will hit the field for the third of their four pre-season games. So far, they’ve given their fans nothing to cheer about. They have, however, given them plenty to talk about – not the least of which is the signing of former bad boy (and…
When it comes to football, Pennsylvanians are pretty hardcore. From the Steelers to the Eagles, NFL football makes headline after headline in the fall. Also in the state, we have a little college football team called Penn State that seems to do pretty well from time to time. I think it’s fair to say that…
Penn State University has released the official salary of Joe Paterno and the news is BIG. Really BIG. And why? Because it’s… get this… $512,664. No missing digits here. The provost at the University of Alabama should be weeping by now. And the folks at the University of South Carolina should demand a refund from…
One of the most closely guarded secrets in the history of sports is about to be revealed: exactly how much does JoePa get paid? The Pennsylvania Supreme Court has ruled that the Penn State University football coach’s salary must be made public. The request had initially been made by a newspaper (The Patriot-News in Harrisburg)…
No, that’s not a typo. These days, it seems, it is all about the dollars. Even in college sports – or maybe especially in college sports. The headline on this week’s Philadelphia Inquirer, Sunday Edition, blared “Raising Funds – and eyebrows” – the story about the push to raise money for colleges through athletics made…
NCAA President Myles Brand has (finally) responded to the ongoing inquiry into the tax-exempt status of the organization in a 25-page letter posted on the organization’s web site. The response initially had an October deadline – I guess somebody forgot to tell the folks in Committee that it’s college football season. You can’t expect a…