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Battle over NFL's Tax-Exempt Status Focuses Attention on Sports Crony Capitalism
Breitbart Sports ^
| 12/9/2013
| MICHAEL PATRICK LEAHY
Posted on 12/09/2013 2:50:58 AM PST by markomalley
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To: Mad Dawgg
a lot of us pay for the stadiums while the NFL makes boat loads of cash. I will never go to a Steeler game for two reasons: One, I cant afford a ticket and two, the Rooneys are Obama buttboys.
I also resent paying millionaire football players. Most of whom should be in jail.
21
posted on
12/09/2013 7:22:41 AM PST
by
Yorlik803
( Church/Caboose in 2016)
To: Alberta's Child
Don’t confuse people with facts.. it just muddles the fact that people want to say that nobody in the NFL pays taxes.
To: Tea Party Terrorist
If they have $10 million in income and pay the guy $10 million in salary, then they pay no income taxes at all.
Whatever "revenue" they have is only to pay their expenses, including the cost of office space, salaries for their staff (not just the commissioner but his administrative staff), etc. That's how a non-profit organization works.
The NFL doesn't get any revenue from its football operations. My guess is that all of their income is from fees that are paid by each franchise.
23
posted on
12/09/2013 6:40:19 PM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
To: Bobalu
"Its always the common folk that pay the taxes, always. It has to be this way since almost all the money is held by the middle class. The great bulk of all taxes are paid by the middle class as increased prices of goods and services passed on to them to make up for the taxes levied on the wealthy and corporations...." Can't be said too often.
The poor pay even more in taxes than the middle class- but they pay in lost opportunities, not in money.
24
posted on
12/09/2013 6:57:23 PM PST
by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
To: mrsmith
Yes, you make a very good point.
25
posted on
12/09/2013 7:09:29 PM PST
by
Bobalu
(White Boy Think A Lot)
To: Alberta's Child
The NFL blackmails cities into subsidizing stadiums for their billionaire owners.
They also insist on not paying any hotel taxes in the cities that host the Super Bowl.
If they don’t make a profit and don’t have any revenue over expenses, then they should not have to worry about being tax-exempt.
26
posted on
12/09/2013 7:14:07 PM PST
by
Tea Party Terrorist
(Why work for a living when you can vote for a living?)
To: Tea Party Terrorist
If they’re a non-profit I believe they can retain “earnings” for the next tax year without paying income taxes.
27
posted on
12/09/2013 7:25:39 PM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
To: Tea Party Terrorist
I agree with the other points, though.
I'm no fan of the NFL. It's just kind of ridiculous to suggest that nobody gets any tax revenue from professional football teams.
28
posted on
12/09/2013 7:26:32 PM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
To: Alberta's Child
I certainly see their point, but that doesn’t change the fact that the NFL is an organization that exists to bleed Taxpayers dry for the benefit of billionaires.
29
posted on
12/09/2013 7:27:51 PM PST
by
Tea Party Terrorist
(Why work for a living when you can vote for a living?)
To: Tea Party Terrorist
IF taxpayers have a problem with that, they should take it up with their elected officials. The problem is that most taxpayers are perfectly content to let this happen. The NFL bleeds billions of dollars from taxpayers because taxpayers put a higher priority on their NFL football than they do on a lot of other things.
30
posted on
12/09/2013 7:37:10 PM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
To: Alberta's Child
I’m not so sure that’s the truth, but I disagree with your logic.
If 50%+1 of voters thinks it’s OK to take your cash from your wallet does that make it OK?
One of the general principles that should rule Gov’t is no subsidies for private business.
31
posted on
12/09/2013 7:58:18 PM PST
by
Tea Party Terrorist
(Why work for a living when you can vote for a living?)
To: Tea Party Terrorist
None of that is OK. Your problem isn't with the NFL; it's with your elected officials and therefore with your fellow citizens.
I agree 100% that government shouldn't be subsidizing private business. But if you were to rank every company in the U.S. that receives a government subsidy the NFL probably doesn't rank among the top one thousand of them.
32
posted on
12/10/2013 2:36:21 AM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
To: Tea Party Terrorist
P.S. One of the ways governments get a lot of local support for financing these sports venues is the way they set it up so as to minimize the expenditures for local taxpayers. Most of these stadium financing deals involve the use of hotel and rental car tax revenues to support long-term bonds. What this means is that taxpayers from somewhere else are the ones who ultimately pay the cost of the stadium.
33
posted on
12/10/2013 2:40:18 AM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
To: Vinnie
Exactly. My taxes built their stadiums and they get tax exempt status on top of that. I say let them build their own stadiums and give no subsidies and no tax breaks. Let it survive or die like any other business. Football is just another entertainment business. It should be treated as such.
34
posted on
12/10/2013 3:07:50 AM PST
by
Nik Naym
(It's not my fault... I have compulsive smartass disorder.)
To: Alberta's Child
So, crony capitalism is “OK” if “someone else” is having to foot the bill? Gotcha.
35
posted on
12/10/2013 7:19:54 AM PST
by
Tea Party Terrorist
(Why work for a living when you can vote for a living?)
To: Tea Party Terrorist
It doesn't make it OK. It makes it politically feasible.
One legitimate rationale for hotel and rental car taxes is that it helps raise tax revenue from people who use public infrastructure and resources but usually don't pay other taxes in that jurisdiction (income taxes, for example).
36
posted on
12/10/2013 5:24:30 PM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
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