It is all about tax evasion.
The sports facilities have learned that corporations will pay outlandish prices for seats — because they (the corporation) can deduct the cost as an expense.
And so the price of seats is going up, up, up. And corporations are gobbling them up.
And meanwhile the ordinary person cannot afford to attend and take their children to the games anymore.
Corporations pay less taxes — and taxes for the people go up and up and up to make up for the shortfall.
And the beat goes on.
Corporations pay no taxes. YOU pay them in the price of their product and services.
My department spent over $100,000 on hockey tickets for the Hurricanes this past season. And with that investment we obtained millions in business.
businessmen who get these free tickets should be taxed as if it were income......that goes for frequent flyer miles , Marriot points, etc......if I have to pay taxes on every single stinking penny, so should they....