Well, That Pretty Much Explains College Athletics, Then...

I'll just quote this directly, because it's just too perfect:

Which reminds me of another tax issue, this one with college sports. The New York Times reported this in a story this weekend:

Federal law permits taxpayers to deduct annually 80 percent of a donation for premium seating or luxury suites. All other contributions, including those for scholarships and capital projects, are 100 percent deductible.

You’ve got to be kidding me.

Anybody who thinks the plutocrats haven't captured the tax code is living in fantasyland.