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NFL tax exempt?
Tweet Topic Started: Oct 28 2013, 02:18 PM (40 Views)
IUCOLTFAN Oct 28 2013, 02:18 PM Post #1
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http://t.nbcnews.com/business/legal-procedure-critics-cry-foul-nfl-defends-nonprofit-status-8C11412804

So the owners get the taxpayers to fund stadiums, security, etc and then their due to their "promoter" are tax exempt?

I agree that these teams bring these cities huge revenues and the owners pay their fair share of taxes in many ways but why is the NFL considered a non-profit? If your "CEO" (Goodell) makes the kind of money that he does, how are you a non-profit? That seems shady as hell.
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HoosierLars Oct 28 2013, 03:18 PM Post #2
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3 in a row
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IUCOLTFAN
Oct 28 2013, 02:18 PM
http://t.nbcnews.com/business/legal-procedure-critics-cry-foul-nfl-defends-nonprofit-status-8C11412804

So the owners get the taxpayers to fund stadiums, security, etc and then their due to their "promoter" are tax exempt?

I agree that these teams bring these cities huge revenues and the owners pay their fair share of taxes in many ways but why is the NFL considered a non-profit? If your "CEO" (Goodell) makes the kind of money that he does, how are you a non-profit? That seems shady as hell.
If a corporation gives all of its profits to the employees, it is technically a "non-profit." It's one of the most misleading terms I can think of, right up there with the "Affordable Care Act."
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IUCOLTFAN Oct 28 2013, 04:17 PM Post #3
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I love how they spent 36 million for offices yet we should applaud them for giving 10K to The March of Dimes?

"Dr. Coburn's main concern isn't with the NFL but with politicians in Washington who are keeping tax rates for every American artificially high to pay for tax earmarks for sports leagues and other special interests," said John Hart, a spokesman for Coburn.

"In other words, tax earmarks are a tax increase for everyone who doesn't receive the benefit. In this case, every American pays a little more in taxes to provide an indirect subsidy to professional athletes and team owners. This exemption underscores the need for tax reform."


Definitely more than one way to look at it.
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brumdog44 Oct 28 2013, 05:10 PM Post #4
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HoosierLars
Oct 28 2013, 03:18 PM
IUCOLTFAN
Oct 28 2013, 02:18 PM
http://t.nbcnews.com/business/legal-procedure-critics-cry-foul-nfl-defends-nonprofit-status-8C11412804

So the owners get the taxpayers to fund stadiums, security, etc and then their due to their "promoter" are tax exempt?

I agree that these teams bring these cities huge revenues and the owners pay their fair share of taxes in many ways but why is the NFL considered a non-profit? If your "CEO" (Goodell) makes the kind of money that he does, how are you a non-profit? That seems shady as hell.
If a corporation gives all of its profits to the employees, it is technically a "non-profit." It's one of the most misleading terms I can think of, right up there with the "Affordable Care Act."
Or 'republican candidate for president'.
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Mr Gray Oct 29 2013, 08:05 AM Post #5
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brumdog44
Oct 28 2013, 05:10 PM
HoosierLars
Oct 28 2013, 03:18 PM
IUCOLTFAN
Oct 28 2013, 02:18 PM
http://t.nbcnews.com/business/legal-procedure-critics-cry-foul-nfl-defends-nonprofit-status-8C11412804

So the owners get the taxpayers to fund stadiums, security, etc and then their due to their "promoter" are tax exempt?

I agree that these teams bring these cities huge revenues and the owners pay their fair share of taxes in many ways but why is the NFL considered a non-profit? If your "CEO" (Goodell) makes the kind of money that he does, how are you a non-profit? That seems shady as hell.
If a corporation gives all of its profits to the employees, it is technically a "non-profit." It's one of the most misleading terms I can think of, right up there with the "Affordable Care Act."
Or 'republican candidate for president'.
What is the deal with your obsession with party politics lately?
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The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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IUCOLTFAN Oct 29 2013, 05:17 PM Post #6
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Mr Gray
Oct 29 2013, 08:05 AM
brumdog44
Oct 28 2013, 05:10 PM
HoosierLars
Oct 28 2013, 03:18 PM
IUCOLTFAN
Oct 28 2013, 02:18 PM
http://t.nbcnews.com/business/legal-procedure-critics-cry-foul-nfl-defends-nonprofit-status-8C11412804

So the owners get the taxpayers to fund stadiums, security, etc and then their due to their "promoter" are tax exempt?

I agree that these teams bring these cities huge revenues and the owners pay their fair share of taxes in many ways but why is the NFL considered a non-profit? If your "CEO" (Goodell) makes the kind of money that he does, how are you a non-profit? That seems shady as hell.
If a corporation gives all of its profits to the employees, it is technically a "non-profit." It's one of the most misleading terms I can think of, right up there with the "Affordable Care Act."
Or 'republican candidate for president'.
What is the deal with your obsession with party politics lately?
"Winning"
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IUCOLTFAN Oct 29 2013, 06:14 PM Post #7
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When Jon Stewart isn't even speaking his language anymore, I can imagine his world being flipped upside down.
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