The U.S. Senate may — and should — review the NFL’s tax-exempt status (1 Viewer)

[Faust]

http://sports.yahoo.com/blogs/nfl-s...y-review-nfl-tax-exempt-status-004521453.html

The U.S. Senate may — and should — review the NFL’s tax-exempt status

 

[heydangle]

Absolutely they should pay some taxes.

 

[msommer]

Trouble brewing. The billionaires won't like their ROI to go down - or indeed the value of each franchise.

They'll fight this tooth and nail, and when/if they lose, look out NFLPA. The CBA will not be renewed, citing a 'new situation for owners', hello lockout and possibly loss of football games.

They should pay taxes on profits, though.

 

[zed2283]

But I didn't see in the article if the individual teams pay taxes?

 

[mr roboto]

That's seriously ####ed up.

 

[bicycle_seat_sniffer]

The NFL its self doesnt pay taxes, the individual teams do.

still messed up, any and all profits just goto goodell and other execs?

 

[Lord Fantasy]

I guess Play 60 is a bigger deal than I thought . . .

 

[Faust]

The NFL its self doesnt pay taxes, the individual teams do.

still messed up, any and all profits just goto goodell and other execs?

from the article:

While member teams obviously operate for profit, the interesting wrinkle here is that the league itself claims not to. And one way to avoid profitability is to pay your current and former executives up the wazoo, which the NFL has done. In 2012 alone, the league paid approximately $53.8 million to its big -ticket execs, including $11.6 million to Commissioner Roger Goodell and $8.5 million to former Commissioner Paul Tagliabue, who replaced Rozelle in 1989 and ran the league until Goodell replaced him in 2006. In 2011, Goodell received a $22.3 million bonus after negotiating several enormously lucrative extensions with the television networks that provide the predominant percentage of the league's revenues.

 

[urbanhack]

Why are they tax exempt again?

 

[tone1oc]

In before... "But every other big corporation has dodged taxes, why the outrage now?"

 

[Alex P Keaton]

Read this: http://www.washingtonpost.com/news/morning-mix/wp/2014/09/15/why-congress-will-never-take-back-the-nfls-huge-tax-break/

 

[NCCommish]

Article is over a year old. Pretty sure this didn't happen.

 

[Kool-Aid Larry]

is this because of peterson beating his kid?

 

[Bri]

Communities have to help pay for stadiums with taxes, why can't they pay taxes too?

 

[SaintsInDome2006]

The U.S. Senate may — and should — review the NFL’s tax-exempt status

Did you know that the league has been a non-profit organization since 1966, when the NFL merged with the American Football League, and then-commissioner Pete Rozelle folded in the request for an exemption with the request for an anti-trust exemption?

Gosh, you know what else happened in 1966? Why, the Saints were foudned on All Saints Day 1966.

Back then Rep. Hale Boggs and Sen. Russell Long of Louisiana were two of the most powerful people in Congress.

The NFL got this deal and NO got a team.

I see no problems whatsoever.

 

[Faust]

NFL ends tax exempt status after 73 years: 3 things to know

http://www.cbssports.com/nfl/eye-on-football/25166258/nfl-ends-tax-exempt-status-after-73-years-3-things-to-know

 

[ghostguy123]

The NFL its self doesnt pay taxes, the individual teams do.

still messed up, any and all profits just goto goodell and other execs?

oops, wrote something dumb

 

[JamesTheScot]

NFL ends tax exempt status after 73 years: 3 things to know

http://www.cbssports.com/nfl/eye-on-football/25166258/nfl-ends-tax-exempt-status-after-73-years-3-things-to-know

Which is why the comments to the first article in 2013 (and the outrage over the status) are kinda funny.

The outrage over the status is what the NFL wants to avoid, but yet nothing is really going to change.

Well, if that's true, what does that say about all the outrage? It was ill-informed, maybe?

Of course, maybe there isn't much outrage to begin with if this thread has less than 20 posts.

 

[Holy Schneikes]

NFL ends tax exempt status after 73 years: 3 things to know

http://www.cbssports.com/nfl/eye-on-football/25166258/nfl-ends-tax-exempt-status-after-73-years-3-things-to-know

Which is why the comments to the first article in 2013 (and the outrage over the status) are kinda funny.

The outrage over the status is what the NFL wants to avoid, but yet nothing is really going to change.

Well, if that's true, what does that say about all the outrage? It was ill-informed, maybe?

Of course, maybe there isn't much outrage to begin with if this thread has less than 20 posts.

Of course it was ill-informed. Sadly, most outrage these days seems to be.

The individual teams make virtually all of the money and pay all of the taxes. It takes about 10 seconds to figure that out, and yet there were still loads of people railing about it left and right. So now they convert, probably because it wasn't worth their time to "defend it" any more. But nothing substantive will really change. Disregarding the teams, the NFL as an entity is strictly small potatoes.