Portal thread. Who’s leaving, who’s coming.

[RPL]

I really wonder how it would work if I won it, being a resident of Texarkana, AR.  We are exempt from state income tax.  We do pay a little more sales tax. 

Stems from a time in the late 70's when Texarkana had a couple of well connected legislators.  But honestly there wouldn't be much of a Texarkana Arkansas without that exemption.

My understanding is that the Border City Exemption is intended to exempt from income tax, not any other form of tax. Winnings from the lottery are considered gambling winnings and the winnings are fully taxable, regardless of the exemption.

Of course, the Lottery would likely keep its share of funds before ever issuing one cent to the winner so it really wouldn't matter other than filing an income tax return.

As always, consult with your favorite certified public accountant and tax attorney for any legal advice.

[DirkPiggler]

I really wonder how it would work if I won it, being a resident of Texarkana, AR.  We are exempt from state income tax.  We do pay a little more sales tax. 

Stems from a time in the late 70's when Texarkana had a couple of well connected legislators.  But honestly there wouldn't be much of a Texarkana Arkansas without that exemption.

That brings up another question.  If you bought the ticket on the Texas side how would the income be treated?  You didn't "earn" it in Arkansas, and Texas has no income tax. 

[HTL]

https://x.com/chris_hummer/status/2011184270111338853?s=46&t=Z4r2QIiNNsZM5Lty4ufQXQ

From Bryant. Huge production. Drop a bag on him.

[mde114]

Someone already did. That's what the "do not contact" tag means.

[jdcatty]

That brings up another question.  If you bought the ticket on the Texas side how would the income be treated?  You didn't "earn" it in Arkansas, and Texas has no income tax. 

T

My understanding is that the Border City Exemption is intended to exempt from income tax, not any other form of tax. Winnings from the lottery are considered gambling winnings and the winnings are fully taxable, regardless of the exemption.

Of course, the Lottery would likely keep its share of funds before ever issuing one cent to the winner so it really wouldn't matter other than filing an income tax return.

As always, consult with your favorite certified public accountant and tax attorney for any legal advice.

Interesting.  I didn't know gambling winnings were treated differently than other income for tax purposes.  But I am surely no tax lawyer.

That brings up another question.  If you bought the ticket on the Texas side how would the income be treated?  You didn't "earn" it in Arkansas, and Texas has no income tax. 

I thought the simple answer would be it's still income.  But if RPL is correct, and I have no reason to doubt him, it would still be gambling earnings, no matter what state it was won in, I am guessing.

Don't know why I am even thinking about it.  I'll never win.

[vegashog]

lottery winnings aren't taxed at the state level (as long as the ticket was bought in those states), in texas, florida, alaska, california, delaware, nevada, new hampshire, south dakota, tennessee, washington, and wyoming.

[vegashog]

https://x.com/chris_hummer/status/2011184270111338853?s=46&t=Z4r2QIiNNsZM5Lty4ufQXQ

From Bryant. Huge production. Drop a bag on him.

being reported to have signed with k-state. we've seemed to hit a wall.

[HTL]

being reported to have signed with k-state. we've seemed to hit a wall.

Of course we don't get the guy that's actually produced.

[Ray Zorback]

getting outbid by K State
You cannot view this attachment. 

[vegashog]

getting outbid by K State

never had a chance to bid. 'no contact' meant he was already going to k-state. in the portal one day, committed the next.

[arreferee]

never had a chance to bid. 'no contact' meant he was already going to k-state. in the portal one day, committed the next.

Can coaches contact players on other teams that haven't entered the portal (or before they have entered the portal)? 

[Pig Benis]

Can coaches contact players on other teams that haven't entered the portal (or before they have entered the portal)? 

Technically no but they all do it.

[arreferee]

Technically no but they all do it.

That's what I figured.  Theoretically, if the coaches can't contact the players before they are in the portal, how did this player know there was a spot for him at K-State before he entered the portal?

[vegashog]

That's what I figured.  Theoretically, if the coaches can't contact the players before they are in the portal, how did this player know there was a spot for him at K-State before he entered the portal?

agents handle all the contact. that way there's no talk between players and coaches. when you see 'so-and-so reached out, it's the agent.

and it's not hard to look at the open spots on a roster. he obviously knew they needed a dlineman and wanted to go there.

[HTL]

https://x.com/michaelwbratton/status/2011483377296113751?s=46&t=Z4r2QIiNNsZM5Lty4ufQXQ

Yuracheeks lied

[DirkPiggler]

https://x.com/michaelwbratton/status/2011483377296113751?s=46&t=Z4r2QIiNNsZM5Lty4ufQXQ

Yuracheeks lied

Interesting that SEC Mike has us 14th in the SEC while On3 has us (at last check) 10th in the country in 4th in the league. 

[vegashog]

they all use different ways to rank these things. all that matters is what these guys do on the field.

[DirkPiggler]

Still 10th overall, 4th in SEC via On3.

24th overall, 12th in SEC according to 247.

[HTL]

Yuracheeks lied people died.

I like some of the guys we've gotten. The safety and WR misses sting.

[DirkPiggler]

Yuracheeks lied people died.

I like some of the guys we've gotten. The safety and WR misses sting.

We're probably fine at WR if Marshall can stay out of trouble.  Need safeties in a bad way.

I don't think he lied in that we are spending a good bit more than last year.  What throws him off is that he apparently assumes everyone else stands pat while we add more.  It's like assuming that everyone getting the same amount in revenue sharing meant that everyone's spending would be equal.  No one with a functioning brain cell who follows the sport believed that.