New Tax Bill will Cost UW some money
Posted: Tue Jan 02, 2018 12:42 pm
Figured as this could be construed as political I would stick it in the Hole in the Wall, although it does affect UW Athletics.
Seems that part of the new tax bill will require non-profit institutions (I.E. public universities, hospitals, etc.) to have to pay a 21% tax on their Top 5 salaries over $1 million each year.
While this doesn't affect UW as much as many other schools (Alabama will have to pay $1.2 million in tax in 2018 for Nick Saban's contract alone), it would cost UW a few dollars. From what I can find, Coach Bohl's 2017 salary was $1,412,000. That would cost the school another $87,000 a year. A far cry from what the big schools will be paying, but still another 87K the school has to find somewhere.
NCAA gonna pay more taxes
Seems that part of the new tax bill will require non-profit institutions (I.E. public universities, hospitals, etc.) to have to pay a 21% tax on their Top 5 salaries over $1 million each year.
While this doesn't affect UW as much as many other schools (Alabama will have to pay $1.2 million in tax in 2018 for Nick Saban's contract alone), it would cost UW a few dollars. From what I can find, Coach Bohl's 2017 salary was $1,412,000. That would cost the school another $87,000 a year. A far cry from what the big schools will be paying, but still another 87K the school has to find somewhere.
NCAA gonna pay more taxes