(AP) – Bill Self isn’t paying state taxes on the bulk of his millions of dollars of income as men’s basketball coach at Kansas, all legal under 2012 tax reforms.
KCUR (http://bit.ly/1Tkll2m ) reports Self earns a taxable salary of $230,000 a year.
But he also gets at least $2.75 million annually from the entity that runs the school’s intercollegiate sports, and that money goes to Self’s BCLT II limited liability company. That’s among the nearly 334,000 Kansas businesses that owe no state income taxes under Gov. Sam Brownback administration’s 2012 tax cuts. Self’s tax break comes out to more than $125,000 a year.
Kansas Senate Minority Leader Anthony Hensley of Topeka says he likes Self. But he argues that while the cuts were meant to create jobs, Self doesn’t do that.