1/24/2010: A reader pointed me to this article questioning the tax-deduction for college athletics, noting that college coaches are the best paid non-profit executives in the country. “In order to remain untaxed, the money earned from a university’s businesses must be used “in furtherance of” the school’s educational mission, according to tax laws.”” The precedent is a 1950 case involving a for-profit macaroni company set up by NYU. Of course.
Be First to Comment