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 Why is NFL exempt from paying TAX?
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Posted on 09-25-13 10:05 AM     Reply [Subscribe]
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Congress: Revoke the Tax-Exempt Status of the National Football League


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. 

The NFL should pay their fair share towards our economy! Just like Major League Baseball, which gave up its nonprofit status in recent years, as well as the National Basketball Association, the NFL should not be able to hide under a nonprofit status in order to avoid paying federal taxes. 

The NFL has methodically worked to shift all the power to their side, leaving players, employees and PARTICULARLY THE FANS little say in what goes on with the league. We deserve a say, but do not wish to boycott our teams! Therefore, we are calling on our elected representatives to revoke the tax-exempt status we bestowed upon the league half a century ago. Please sign this petition, and let Congress know that you want them to reconsider the NFL’s tax exempt status. 

SIGN THE PETITION

https://www.change.org/petitions/congress-revoke-the-tax-exempt-status-of-the-national-football-league


 
Posted on 09-25-13 12:20 PM     [Snapshot: 57]     Reply [Subscribe]
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Because the NFL doesn't actually make any money, the teams do i.e the league itself makes no profit.

For instance:
All the money made from all the football stuff (television broadcast, rights to see in the television, ticket sold and other footbal stuff)  goes to the NFL.  The NFL, after paying it's bills and employees sends all the remaining money evenly split to the owners of the 32 teams. The owners of the 32 teams are not tax exempt and they must legally pay taxes on that income.

~ Fan_of_49ers

 

 


 
Posted on 09-25-13 12:51 PM     [Snapshot: 68]     Reply [Subscribe]
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I was about to say the same thing. There's much hatred towards NFL because people just hear $9B industry which is tax exempt. The fact is that the team owners take the money and also pay taxes.

However, since the precedence is there, with MLB being for profit entity, an argument can be made for NFL to give up the not-for-profit status. I am specially pissed, when this not-for-profit org which enjoys the perks from tax payers (stadiums get all kinds of money from the government), doesn't let a fan see non-local games without buying the expensive Direct TV package.

For now, I think I will reserve my signature for a more worthy petition.
 
Posted on 09-25-13 7:08 PM     [Snapshot: 125]     Reply [Subscribe]
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NFL  is Cartel

 


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