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Despite the fact that it is a $9Billion/Year industry, the National Football League (NFL) continues to enjoy status as a non-profit organization -- meaning it doesn’t have to pay federal corporate taxes.
The Commissioner of the NFL, Roger Goodell, makes nearly $30 million a year -- earning more than the heads of companies like Coca-Cola and Wal-Mart. Through TV deals alone, the NFL has inked nearly $30 billion with various television networks. And so often, fans like you and me are asked to foot the bill for new stadiums through our own taxes.
Yet despite being the most profitable sports league in the entire world, the NFL does not pay federal taxes.
From change.org:
http://www.change.org/petitions/con...exempt-status-of-the-national-football-leagueThe question is fairly black and white; should the NFL's status as tax exempt be revoked?
Because when I make my first billion (the hardest part) I don't see why they should pay less taxes than me. This whole non-profit thing is total bull****. Bad enough these phony churches get it, why do sports get a break that others don't?A simple question but to what end; Why ? ?
Thom Paine
Because when I make my first billion (the hardest part) I don't see why they should pay less taxes than me. This whole non-profit thing is total bull****. Bad enough these phony churches get it, why do sports get a break that others don't?
Well, let's make "The Specklebang Gang" a non profit .. no worries ! :mrgreen:
The teams are taxed; I don't see a reason to tax the association because it distributes much of the money to the teams; seems like double taxation and I wouldn't care for that for myself.
Thom Paine
Well, let's make "The Specklebang Gang" a non profit .. no worries ! :mrgreen:
The teams are taxed; I don't see a reason to tax the association because it distributes much of the money to the teams; seems like double taxation and I wouldn't care for that for myself.
Thom Paine
If I could make my post disappear, I would. What do I know about the NFL financial structure? Nothing. So what was the point of the post? Nothing.:3oops:
Of course we understand that. Duh!!! Do you understand that we're not debating the current status of the league and/or the laws... and that we're debating whether changes should be made to the status of the league and/or laws?Do any of the above posters realize that the teams do pay taxes as profit-based entities and the league as a non-profit is set up for the organization and betterment of the teams?
If taxes were done in a fair and equitable manner, quite possibily the rates could be reduced.Because when I make my first billion (the hardest part) I don't see why they should pay less taxes than me. This whole non-profit thing is total bull****. Bad enough these phony churches get it, why do sports get a break that others don't?
To me it demonstrates that "non profit" needs to be more narrowly defined.If taxes were done in a fair and equitable manner, quite possibily the rates could be reduced.
"tax 'em all"
I cannot believe that the NFL is "non-profit".....who many people even know this ??
If taxes were done in a fair and equitable manner, quite possibily the rates could be reduced.
"tax 'em all"
I cannot believe that the NFL is "non-profit".....who many people even know this ??
To me it demonstrates that "non profit" needs to be more narrowly defined.
Of course we understand that. Duh!!! Do you understand that we're not debating the current status of the league and/or the laws... and that we're debating whether changes should be made to the status of the league and/or laws?
The amount is irrelevant.I didn't realize that you spoke for everyone else. I suggest that most people don't know that judging from later posts.
How much exactly do you think you are going to be taxing since the revenue goes mostly to the teams which are for profit?
Of course, there is no reason to believe that a Senator, who generally favors lower taxes, from Oklahoma, which aspires to have an NFL team, would be interested in this issue.
That was my assertion also but Thom Payne brought up an interesting point that may mean this really isn't a tax exemption but a tax liability transfer. Since I'm no CPA, I kind of backed off. We do have a few economic expertise members here, maybe they'll explain it better to us.
Here's an opening. It could very well be liability transfer to individual teams. Also, since football could (in some theories) be considered a public good, differences in taxation can occur, such as the introduction of a Lindahl tax. This is kind of a spread-out effect, because local businesses do benefit (Coase theorem).
Teams and owners do pay taxes, make no mistake about that. Think of the NFL as like a 32 man co-op.
The technicalities are way over my head. Sure, I pay taxes and I've tried to be an "informed consumer". I don't expect "special breaks" and I don't like the way "non-profits" are used as tax free businesses. But I'm too ignorant of sports teams to have a valid opinion.
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