Friday, January 23, 2015
What does the NFL have in common with the Red Cross, Goodwill, the Salvation Army and other charitable organizations like them?
We could do multiple choice but you know in situations like these, its always answer 'D' so we will just come out and tell you..
The NFL like those charities mentioned is a non-profit.
~ Geographic NFL team fan loyalty
Yes- The biggest sport in America, which generates $9.5 billion annually and which is projected by 2025 to generate $27 billion in revenue, pays No Federal income taxes because it is legally exempt..
So the NFL can be added to General Electric and Facebook as entities that pay nothing back to the government..
If the NFL was charged a measly 2% tax, that would equal $190 million
Think about that the next time you are audited because you owe a couple thousand in back taxes.
So how did this happen? And when?
So that means the NFL has avoided paying Federal taxes for just about 50 years now.
Add the tens upon tens of millions of dollars in tax cuts and other financial benefits that cities/municipalities throw at NFL owners to build them new stadiums, the exorbitant prices of tickets, especially the Super Bowl and people are being screwed over left and right..
Of course nothing will stop people from watching
NFL players have been arrested in the past for not paying back child support, DWIs, using marijuana, selling drugs, rape, sex with minors and in some cases even killing people..
And short of outlawing gambling, people will keep watching.
And keep giving their money to a league that gives none back.
~ Steve Van Buren (15) of Philadelphia Eagles scoring only TD in blizzard conditions of 1948 Championship to defeat the then Chicago Cardinals
Posted by Susquehanna at Friday, January 23, 2015