Posted on 09/25/2017 4:47:21 PM PDT by TigerClaws
The NFL is now a 'non-profit' corporation. Goodell gets paid $40 million+ a year. The League takes in $9.5 billion. Taxpayers have footed the bill for $7 billion in stadiums to play the games.
Are they risking that non-profit status via political activity?
See the links below for more info:
“In my mind, the NFL doesn’t fit very well [into 501(c)(6) status]” Hackney says. “They do some good things with charity, but the majority of what they do is promote the brand of the NFL and the 32 teams.”
http://www.witf.org/news/2014/10/why-is-the-nfl-a-nonprofit.php
In return for its favored tax-status, a charitable nonprofit promises the federal government that it will not engage in “political campaign activity” and if it does, IRS regulations mandate that the charitable nonprofit will lose its tax-exempt status. This prohibition against political campaign activity (defined as “supporting or opposing a candidate for public office”) is SEPARATE from lobbying or legislative activities, which charitable nonprofits ARE permitted to engage in, although knowing the rules is important, as limitations apply.
https://www.councilofnonprofits.org/tools-resources/political-campaign-activities-risks-tax-exempt-status
Tax the Mothers!
First you need an I.R.S. commissioner that will put justice above politics.
Do we have one of those?
Why do they deserve an antitrust exemption?
In my view, no organization should be exempted from antitrust laws, including the government itself.
The NFL is a non-profit. The individual teams are not. The NFL as an entity is not engaging in political activity.
No. Because the owners of NFL teams are rich and will just pay off politicians and if a politician tries to remove tax except status a lot of fans will complain that will “ruin” the local economy. They would rather the owner of a sports franchise fly into their town and tell them to change the laws than ever think about their favorite ball team leaving.
You can vote for as many “no transexuals in a restroom” laws as you want but it just takes one rich sports team owner to tell you to change the law and its changed.
I’m sure Granny from Beverly Hillbillies (Sessions) will get right on it, after he attends a D.A.R.E. community meeting and announces a war on codeine cough syrup.
The NFL is now a ‘non-profit’ corporation.
It is past time to end that non-profit status for the NFL.
It’s so insane that this commercial enterprise has exemption from taxation. I can’t even believe that’s true. What madness.
Don’t confuse the knuckle draggers with facts. It hurts the narrative.
This black racism is blowing sky high. I have never seen anything like it in my life. Trump has ripped the scab right off these anti American black atheletes and it is very infected.
Ahh, thank you for that distinction. I mean the NFL should be taxed, too, but my brain was exploding for a second there.
The NFL dropped its nonprofit status two years ago. Attempting to rescind that status now is futile.
BTTT
Oohhhh. I like that idea.
I hope so.
1. The NFL has been designated as a non-profit corporation in the past because the league's profits are reported by the individual teams, not by the NFL.
2. I believe they gave up their non-profit status a few years ago. It is probably just an academic exercise anyway, since I'm sure they report almost no profits on their tax returns.
3. Under the law, there is a difference between what a regular non-profit corporation can do for political activity, and what a charity can do.
It does not have tad exempt status any more
seems to me the NFL is nothing but a trade organization that uses collusion to keep other products off the table.
Why does the Federal government get involved with a bunch of “grown men” playing a kids game?
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