re: NFL--another special interest--pays no taxes (Posted on 9/20/13 at 11:38 am to BBONDS25)
quote: Finally read your link. I thought it was some sort of report with actual financials. You are basing your entire argument on one reporters allegations of what the dues are used for and how they are treated on the returns of owners and the nfl? Pretty flimsy, man. You have any real evidence?
No. I can only go on the reports of the columnist.
I welcome any explanation, any real evidence you have in their financials--perhaps an audit--that the reporter is wrong.
Should we not be suspect of an organization whose members routinely seek corporate welfare from cities across the country? who sought this special non profit status that required an act of Congress?
It is easy to see the tax advantages of the non profit for the owners why would anyone think they not taking using those advantages??
There are several articles using the $620 million loan to owners number.
It is amazing you people are not suspect of this special treatment. If this were available to every body I could set up "IBFreeman tax free association" make tax deductible contributions to it and pay no taxes while allowing the association to make interest free loans to me for my house ect.
re: NFL--another special interest--pays no taxes (Posted on 9/20/13 at 11:46 am to I B Freeman)
I think I will send a few thousand to Vitter and see if he will amend the bill to allow the IB Freeman Tax Free Association.
You boys will support it I am sure. You have argued all day it's ok for the NFL and it no harm to other taxpayers. You go on believing that and I will have my little non profit. You can even contribute.
re: NFL--another special interest--pays no taxes (Posted on 9/20/13 at 12:01 pm to LSURussian)
quote: o by the reports of the columnist.
you on the other hand go on nothing
forget it Russian--
you have convinced me with your post after post of pure logic that the NFL sought and received special treatment from Congress for no reason at all and that there are no tax consequences of this treatment. Your well written, properly referenced posts are so overwhelmingly convincing I was a fool to ever think suspicious of the NFL. You have convinced me Senator Coburn is an idiot for wanting to change this special treatment.
I just can't find a link to any of those logical posts right now to share with others.
BBONDS25 LSU Fan Member since Mar 2008 15385 posts
re: NFL--another special interest--pays no taxes (Posted on 9/20/13 at 1:10 pm to I B Freeman)
quote: I welcome any explanation, any real evidence you have in their financials--perhaps an audit--that the reporter is wrong
The reporter didn't state where he got the info. Tax returns are not public record. Without a source I have to determine it is just speculation...which of course means it is nothing. I cannot prove a negative.
quote: It is amazing you people are not suspect of this special treatment.
Because we realize if it was NFL LLLP it wouldn't be all that different. Just a few more hurdles. It is amazing you don't see that.