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Originally posted by ABC View PostJust a reminder that SASO contributions pay for the scholarships for all athletes. KSU probably uses football revenue to do the same.
"You Just Want to Slap The #### Outta Some People"
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Originally posted by ABC View PostJust a reminder that SASO contributions pay for the scholarships for all athletes. KSU probably uses football revenue to do the same.
My personal budget doesn’t care though.
78-65
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Empty seats = no revenueInfinity Art Glass - Fantastic local artist and Shocker fan
RIP Guy Always A Shocker
Carpenter Place - A blessing to many young girls/women
ICT S.O.S - Great local cause fighting against human trafficking
Wartick Insurance Agency - Saved me money with more coverage.
Save Shocker Sports - A rallying cry
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Originally posted by ABC View PostJust a reminder that SASO contributions pay for the scholarships for all athletes. KSU probably uses football revenue to do the same.
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Originally posted by WstateU View Post
That's what kinda "grinds my gears" with select fans. They're only fans of Women's Shockers Softball, Volleyball, etc., and don't care about or follow Shockers Men's Basketball... the program that's historically carried the mail for everyone. All Shockers fans should be fans of Shockers Men's Basketball.
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Originally posted by ABC View PostJust a reminder that SASO contributions pay for the scholarships for all athletes. KSU probably uses football revenue to do the same.Kung Wu say, man who read woman like book, prefer braille!
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Originally posted by ShockTalk View Post
However, that "type" of donation is no longer deductible and hasn't been for a several years. People paid that donation because their level of seating (or seating at all) depended on it. That may no longer be an issue. One can donate the same amount outside of SASO to WSU and be able to deduct it. This may be something they need to reevaluate along with the no seating benefit to the next generation (something businesses do not have to be concerned about).
Further, the TJCA raised the minimum standard deduction to the point where the tax incentive was gone for a lot of families to make charitable donations in general if those donations were not going to be enough to put the family significantly over that minimum deduction.
Businesses could maybe still deduct their tickets as advertising/marketing expenses if they used them to bring clients/customers/prospects, but a lot of businesses have been cutting that sort of expense for several years.The truth will set you free. But first, it will piss you off.
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Originally posted by rjl View PostFurther, the TJCA raised the minimum standard deduction to the point where the tax incentive was gone for a lot of families to make charitable donations in general if those donations were not going to be enough to put the family significantly over that minimum deduction.
Kung Wu say, man who read woman like book, prefer braille!
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Originally posted by WstateU View PostThat's what kinda "grinds my gears" with select fans. They're only fans of Women's Shockers Softball, Volleyball, etc., and don't care about or follow Shockers Men's Basketball... the program that's historically carried the mail for everyone. All Shockers fans should be fans of Shockers Men's Basketball.
So, arguably, every dollar spent by fans/boosters of the other sports does help men's basketball as it is a dollar less that the men's basketball program has to subsidize.
Perhaps if these rules on the number of men's and women's sports required would go away then perhaps WSU could get by with women's volleyball, men's basketball, baseball and softball and everything else could just be a club sport, although in that case men's basketball would still have to carry the load, but the load would be quite a bit lighter.
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Originally posted by Kung Wu View Post
So instead of having to deduct it and your charitable deductions, you automatically get a much, much bigger deduction whether you buy any tickets or donate a single penny?The truth will set you free. But first, it will piss you off.
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Originally posted by rjl View Post
In some cases, yes. If you are married and filing jointly and your itemized deductions never get over $29,400, you have no incentive to itemize your deductions and no tax incentive to donate to any charity. Put another way, if in that same example your itemized deductions hover around $15,000, you'd have to donate at least $14,401 to charity before you can even start seeing any tax benefit to making a charitable donation. And even then you are out an additional $14,401, so you'd have to really like that charity in order for it to make financial sense to you to donate that much or more.Kung Wu say, man who read woman like book, prefer braille!
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Originally posted by Kung Wu View Post
Or put another way, instead of that $10,000 deduction you were getting every year due to SASO and charity contributions, you are now getting a $29,400 deduction no matter what. If you continue buying the tickets and donating as you were, you are getting $19,400 more in deductions than you were before?
But more to what I think you are trying to say, sure. But you could also keep the $10,000 you used to donate to SASO and still get the $29,400 standard deduction. A tax deduction is a financial incentive to maintain charitable contributions just the same as it is to initiate them.The truth will set you free. But first, it will piss you off.
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