Senators Want to Tax NFL

Maybe this isn't as cut and dried as it seems.
The statement is quite generic to taxes.
"Claims that the NFL is using a tax exemption to avoid paying the tax due on these revenues are simply misinformed. The confusion arises from the fact that there is one small part of the NFL, unrelated to all this business activity, that is tax-exempt: the NFL League Office. The league office is the administrative and organizational arm of the NFL and does things like write the rules of the game, hire referees, run the college draft, negotiate the collective bargaining agreement with the players, conduct player safety research, and run youth football programs."
[ Trade associations are nonprofit organizations. They don’t engage in any business activity. As a result, they are exempt from being taxed under section 501(c)(6) of the federal tax code. (Charities are exempt under section 501(c)(3); the NFL League Office has never claimed to be a charity.]
Another source that backs your statement. Checking out another source.
That's not enough for NFL Commissioner Roger Goodell. He wants to nearly triple the league's revenues to $25 billion by 2027—a mind-bogglingly large number. But here's an even more shocking fact: The NFL pays nothing in taxes on all those revenues. Not a nickel. And now the anti-corruption organization Rootstrikers wants to put an end to the NFL's free ride.

Over the weekend, Rootstrikers blasted out an email urging people to sign a petition in support of Sen. Tom Coburn's (R-Okla.) PRO Sports Act, which would ban big sports leagues from receiving tax-exempt status. "You know the NFL as the National Football League," says the Rootstrikers email. "But the IRS knows them better as the Nonprofit Football League—that's because the NFL has not paid any taxes since 1966 and average Americans are left paying higher taxes to make up for that lost revenue. Senator [Tom] Coburn is trying to change that, and we support his endeavor." Coburn's bill would ban pro sports leagues with more than $10 million in revenue from receiving tax-exempt status.
Don't Strip Away the NFL's Tax Exempt Status - US News and World Report
 
Last edited:
He's retiring. But, the whole thing is a bit misleading (not intentionally imo) because the teams DO pay taxes like other for profit biz. The league office is tax exempt, and IT DOESN'T RAISE REVENUE BEYOND OPERATING EXPENSES AS THE ADVERTISING MONEY GOES TO THE TEAMS.
 

Forum List

Back
Top