NFL--another special interest--pays no taxes | TigerDroppings.com

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I B Freeman
Member since Oct 2009
6231 posts

NFL--another special interest--pays no taxes



Seems the NFL is a non profit organization from a tax standpoint.

They already enjoy an exemption from anti trust laws, millions in local subsidies and stadiums financed by the public. You would think they wouldn't mind paying some taxes.

I am sure Russian will soon tell us how wonderful this subsidy is.

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constant cough
LSU Fan
Lafayette
Member since Jun 2007
38573 posts
 Online 

re: NFL--another special interest--pays no taxes


quote:

NFL--another special interest--pays no taxes



Plus they get the taxpayers to build new stadiums when the ones they have are still useable. Then they sell the naming rights and keep the money.






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THRILLHO
New Orleans Pelicans Fan
New Orleans, LA
Member since Apr 2006
36039 posts

re: NFL--another special interest--pays no taxes


What difference does it make? The individual owners pay taxes on profits. Make the NFL pay taxes and the owners are paying less in taxes. It probably evens out, or at least comes close.





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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120905 posts

re: NFL--another special interest--pays no taxes


quote:

It probably evens out, or at least comes close.


Based on what exactly?






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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
6573 posts

re: NFL--another special interest--pays no taxes


quote:

eems the NFL is a non profit organization from a tax standpoint.


From a tax standpoint..I can almost guarentee any tax status change would be tax neutral. All "profit" is distributed to the individual teams..

quote:

They already enjoy an exemption from anti trust laws,


Agreed upon by the Players union

quote:

millions in local subsidies and stadiums financed by the public.


Take that up with the local municipalities. Most are bad deals but what someone does in Minnesota isnt my business when it comes to their taxes.






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BBONDS25
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Member since Mar 2008
16612 posts
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re: NFL--another special interest--pays no taxes


quote:

The key difference is that the NFL distributes all its revenue back to the teams—after covering expenses such as rent, officiating crews, and Commissioner Roger Goodell’s $30 million salary.


From your link.






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TrueTiger
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Member since Sep 2004
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re: NFL--another special interest--pays no taxes








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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84447 posts

re: NFL--another special interest--pays no taxes


You've got to get over your obssession with me.





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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120905 posts

re: NFL--another special interest--pays no taxes


So does the NFL really have no profit to report?







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BBONDS25
LSU Fan
Member since Mar 2008
16612 posts
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re: NFL--another special interest--pays no taxes





--------------------------------------------------------------------------------
quote:

So does the NFL really have no profit to report?


Don't know. I guess not. According to the article, after expenses, all revenues go to the teams.






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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
6573 posts

re: NFL--another special interest--pays no taxes


quote:

So does the NFL really have no profit to report?




The last two years they lost a around 120 million combined.. Actually, there status hurt them from a tax standpoint during those years.






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NoSaint
Member since Jun 2011
2484 posts

re: NFL--another special interest--pays no taxes


quote:

So does the NFL really have no profit to report?


from my understanding

the actual entity of the "nfl" isnt a for profit business, its just an organizing entity for 32 individual businesses... all the money goes back to teams, where it is taxed







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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
23321 posts
 Online 

re: NFL--another special interest--pays no taxes


quote:

They already enjoy an exemption from anti trust laws


Not all of them, they were granted an exemption in the '60s. That was so New Orleans could get the Saints.


But since then the NFL has been found guilty of anti-trust laws since then. (USFL case for example)






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BBONDS25
LSU Fan
Member since Mar 2008
16612 posts
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re: NFL--another special interest--pays no taxes


Just wait until he starts telling us there is no economic advantage to the jobs the NFL creates.





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Y.A. Tittle
Winthrop Fan
Member since Sep 2003
50123 posts

re: NFL--another special interest--pays no taxes


quote:

So does the NFL really have no profit to report?


It's an association of 32 for-profit entities. It's not a for-profit entity in and of itself.






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120905 posts

re: NFL--another special interest--pays no taxes


quote:



It's an association of 32 for-profit entities. It's not a for-profit entity in and of itself.


Gotcha. I thought maybe they made some money with content licensing litigation or something of the sort.






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120905 posts

re: NFL--another special interest--pays no taxes


quote:

You've got to get over your obssession with me.

Maybe you should get over your obsession of thinking everyone is obsessed with you.







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NoSaint
Member since Jun 2011
2484 posts

re: NFL--another special interest--pays no taxes


quote:

It's an association of 32 for-profit entities. It's not a for-profit entity in and of itself.


right, i think most people fail to realize that its essentially a governing board for 32 businesses, not a business in and of itself really.






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Y.A. Tittle
Winthrop Fan
Member since Sep 2003
50123 posts

re: NFL--another special interest--pays no taxes


Come to think of it, I believe it's actually 31 for-profit entities and one non-profit. I'm almost positive the Green Bay Packers are set up as a community non-profit.





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Mr.Perfect
Louisiana
Member since Mar 2013
5399 posts

re: NFL--another special interest--pays no taxes


Correct





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