- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
The NFL Does NOT pay an income tax
Posted on 4/30/13 at 4:31 am
Posted on 4/30/13 at 4:31 am
Its a 501c nonprofit organization and is exempt from taxes like churchs, schools, and organizations like habitat for humanity. fricking crazy.
6
Posted on 4/30/13 at 4:35 am to UKWildcatsFAN
there is no way this is true, please provide a source
Posted on 4/30/13 at 4:37 am to Buck_Nasty
You didn't know that?
LINK
NHL, PGA, etc.
LINK
quote:
Since 1966, the tax code has allowed leagues to classify as 501(c)(6) charitable organizations - a classification used by trade and industry organizations - under the assumption that the leagues were promoting the general value of their sports.
NHL, PGA, etc.
This post was edited on 4/30/13 at 4:38 am
Posted on 4/30/13 at 4:38 am to Buck_Nasty
Wikipedia that shite i couldnt believe it either. They have a huge sky scraper in downtown NYC as well.
Posted on 4/30/13 at 4:39 am to UltimateHog
No i didnt know this fwiw.
Posted on 4/30/13 at 4:45 am to Buck_Nasty
Posted on 4/30/13 at 4:47 am to CtotheVrzrbck
quote:
CtotheVrzrbck
Was my link not good enough for you?
Posted on 4/30/13 at 4:53 am to UltimateHog
You posted while I was looking up stories. I took some sweet time trying to find the NFL's actual tax return online.
I have a resource where I can get any foundation and grant makers tax returns. I could only find the NFL's Disaster Relief Fund and their Youth Football Fund. The NFL keeps their records sealed tight.
Here's the NFL Youth Football Fund's 990
LINK
I have a resource where I can get any foundation and grant makers tax returns. I could only find the NFL's Disaster Relief Fund and their Youth Football Fund. The NFL keeps their records sealed tight.
Here's the NFL Youth Football Fund's 990
LINK
Posted on 4/30/13 at 5:10 am to CtotheVrzrbck
What about the NBA and MLB
Posted on 4/30/13 at 5:36 am to VerlanderBEAST
And the NFL probably has a powerful lobby to keep it that way
Posted on 4/30/13 at 6:09 am to Randy Randerson
Each team pays taxes. The NFL is the group overseeing the teams. They are nonprofit all the money goes to the teams...
Posted on 4/30/13 at 6:14 am to UKWildcatsFAN
The owners pay taxes on their income. Lots and lots of taxes.
The NFL is just the overseeing body.
Misleading thread.
The NFL is just the overseeing body.
Misleading thread.
Posted on 4/30/13 at 7:53 am to UKWildcatsFAN
It washes through the ownership group's tax returns. I'd have to imagine that schedule K could get dicey.
Posted on 4/30/13 at 8:15 am to UKWildcatsFAN
quote:
They have a huge sky scraper in downtown NYC as well.
You mean they LEASE space in a NYC?!?!?! No way.
Posted on 4/30/13 at 8:28 am to Cosmo
quote:
The owners pay taxes on their income. Lots and lots of taxes.
The NFL is just the overseeing body.
This. I didn't think the fact that the NFL wouldn't pay taxes would be shocking.
Posted on 4/30/13 at 8:36 am to Cosmo
quote:
The owners pay taxes on their income. Lots and lots of taxes.
The NFL is just the overseeing body.
Misleading thread.
On top of that many states have it set up so they tax opposing players game checks when they visit.
Misleading indeed.
Posted on 4/30/13 at 8:39 am to TigerinATL
quote:
On top of that many states have it set up so they tax opposing players game checks when they visit.
That's because they earned the income in that state.
ETA: It's also why people should want to play for the Astros, Rangers, or Mariners. They get more state tax free games than anyone else.
This post was edited on 4/30/13 at 8:40 am
Posted on 4/30/13 at 9:14 am to CtotheVrzrbck
Form 990 should be filed with the Secretary of State, and open to public inspection. Have you searched the Secretary of State's website for the state in which the NFL is incorporated?
ETA: The NFL is not a corporation it is a trade association exempt from tax under Section 501(c)(6). My original post should have used the term organized rather than incorporated at the end.
ETA: The NFL is not a corporation it is a trade association exempt from tax under Section 501(c)(6). My original post should have used the term organized rather than incorporated at the end.
This post was edited on 4/30/13 at 9:22 am
Posted on 4/30/13 at 9:16 am to UKWildcatsFAN
quote:
The NFL
quote:
nonprofit organization
Does not compute
Posted on 4/30/13 at 9:50 am to CajunFootball
quote:
Does not compute
Then you don't understand what a nonprofit organization is. All it basically means is that every profit that is made is put back into the business.
Ochsner is an example of a nonprofit organization in this area. They makes gobs of money, but they put every dime back into their hospitals.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News