End of #NFL Season, End #NFL Tax Exempt Status?

Posted: February 4, 2014 in Excess and Algorithms, Sports Roll
Tags: , , , , , , , , ,

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by @anarchyroll
2/4/2014

Did you know the NFL makes $9 billion in net profits each year and pays ZERO dollars in taxes?  How? They are classified as a 501(c)(6) trade organization, which enables tax exempt status.  When did they get this sweet hart deal? Back in the 60s. Were the politicians who enabled this high on dope like the hippies? No, just corrupt as hell.  The NFL spends $1.5 billion each year lobbying to maintain their tax exempt status.

Why was this allowed? The NFL was allowed to act as a monopoly in terms of their trade organization status, television contract negotiations, and stadium funding negotiations in exchange for not running games against high school and college games.

What is being done about this? The Properly Reducing Overexemptions For Sports Act has been introduced to the United States Congress. Who? Republican Senator Thomas Coburn of Oklahoma and Independent Senator Angus King are cosponsoring the bill. The bill is presently sitting in the Senate Finance Committee, where it has been since September of last year (2013).

The concept of the NFL not paying any taxes is of course, bullshit. The bill that gave them this status was given no name in order to keep it secret. Individual teams already get tax breaks to build their stadiums and get sweetheart deals to avoid property taxes on them as well as their practice facilities.  The only exemption that may allowed to remain would be the Green Bay Packers, who are publically owned by the town/city.

$9 billion a year annually means they can afford to pay a nominal tax rate. No need to go crazy socialist on the league.  1-5% per individual team in addition to off the top of the league as a whole will be more than sufficient to start. Now, should a back taxes penalty be paid? Considering all the charitable contributions of the league makes each year, that might not be necessary.

But when a Republican United States Senator is proposing a bill that raises taxes, I think we can all agree that the time has come for the NFL to pay their fair share of revenue and help state and federal governments build roads, schools, firehouses, police stations, and libraries.

Click here to sign online petition to revoke the NFL’s tax exempt status.

Comments
  1. Gede Prama says:

    visit your blog, read an interesting article. thank you friends for sharing and greetings compassion 🙂

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