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The NFL pays no taxes

Discussion in 'Off Topic [BG]' started by wraub, Feb 5, 2014.

  1. wraub

    wraub

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  2. Immigrant

    Immigrant Supporting Member

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    I guess if they're "non-profit", then every other corporation that rakes in that kind of cash should also be classified as non-profit.

    It's really sickening that some of the most profitable corporations are completely exempt from taxes.:atoz:
  3. fhm555

    fhm555 So FOS my eyes are brown Supporting Member

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    What is amazing (at least to me) is not that they don't pay any taxes, it's that they've managed to keep that fact off the public radar for so long.

    What is funny to me about big time sports is how we are so in their thrall we not only pay them millions to entertain us, pay millions more to identify with them through merch purchases, we also pay for the venues where they collect those millions, and don't bat an eye when a victory celebration does millions of dollars worth of damage to a city, but get short of breath and angry as heck when some other con artist scams us for a few bucks.
  4. MJ5150

    MJ5150 Terrific Twister Supporting Member

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    Not this again.

    -Mike
  5. DwaynieAD

    DwaynieAD

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    All summed up nice and concise. I like that.
  6. fisticuffs

    fisticuffs

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    Disclosures:
    Product Specialist for Musical Instruments, Full Compass Systems
    The teams, stadiums, vendors, players, coaches, medical staff, etc. all pay taxes. The NFL as an entity doesn't make money.

    Semantics. EVERYBODY GRAB A PITCHFORK!!!!!
  7. bassinplace

    bassinplace

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    Yep. Religion, sports and television. Opiates for the masses.
  8. bassinplace

    bassinplace

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    Riiiiiight. All their holdings are in Florida swampland. They have to make money or they couldn't exist. :rolleyes: I'm sure a corporation as popular as that generates quite a bit of revenue.
  9. MJ5150

    MJ5150 Terrific Twister Supporting Member

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    If you want to be mad about this kind of stuff folks, point your anger at the owners of the NFL teams, not the league office. Do your research before you get outraged. There are plenty of things to be mad at the NFL about, to me this is not one of them.

    -Mike
  10. hdracer

    hdracer Supporting Member

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    Stadiums???
    The people of the cities and states pay for them and being publicity owned it does not pay taxes.
    It is one of the biggest rip offs to tax payers ever conceived.
  11. Jared Lash

    Jared Lash Casting out the nines Supporting Member

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    Revenue yes. Profit? No.

    I do believe that after overhead, salaries etc any money remaining is split between the team owners. Who should therefore be paying the taxes on it.
  12. bassinplace

    bassinplace

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    If there's money remaining, that's profit. If it is split by the owners, then yeah they should pay the taxes on it. Which I don't know if that's the case or not. I don't think that the NFL should deserve the same tax status as a church or charity organization though. They are entertainment, which is a commodity and should be taxed as such, imo.
  13. macaroni tony

    macaroni tony

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    None of the money is tax exempt; the taxes are paid on a team-by-team basis. The entity itself "NFL" is tax exempt
  14. fisticuffs

    fisticuffs

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    Pretty much every stadium is run, and paid for, differently. The city gets a ton of economic activity out of their investment. Green Bay would close down if there were no Packers.
  15. aborgman

    aborgman Supporting Member

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    They do generate a lot of revenue.

    Then every penny of it is split up between the players and team owners per a contractual agreement and the NFL keeps none of it.

    The players and owners then pay taxes on those profits.
  16. spade2you

    spade2you

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    Well, the players tend to spend millions and go broke, thus redistribution of wealth.
  17. DiabolusInMusic

    DiabolusInMusic Functionless Art is Merely Tolerated Vandalism Supporting Member

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    Most of the profitable corporations are not tax exempt, they just have millions of dollars invested in not paying millions more in taxes, just look at Apple or Gildan (in Canada). This is a big problem in Canada as well, and the sad fact about it is that it is easier to prosecute the average Joe because he doesn't have a million dollar accountant to protect himself so the little guy gets hosed for minor infractions and the big guys continue to skirt the laws with no interference.
  18. hdracer

    hdracer Supporting Member

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    Green Bay operates totally different than any other franchise.
    It works for them but cross the boarder to Minnesota and check out how we have been getting ripped off sense 1981.
    Now they got a new stadium that is costing everyone in the state more money.

    It has been proven time and again that spending tax payer money on stadiums does not increase income to the city or state.

    http://www.jsonline.com/news/milwaukee/publicly-funded-sports-arenas-add-little-to-local-economy-report-says-cc9ehcj-201706591.html

    http://www.fieldofschemes.com/2013/04/01/4822/nine-out-of-ten-economists-agree-sports-stadium-subsidies-are-dumb/

    http://www.humankinetics.com/excerpts/excerpts/economic-impact-of-sport-stadiums-teams-events

    This is just a couple study's, Google has pages of them.
  19. kanonfodr

    kanonfodr Supporting Member

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    Just like the new Cowboys Stadium (aka Jerry-Land) in DFW. The Metro shelled out millions, but they are never going to make it back. It's happening in lots of other Team Towns as well, and it's basically a Racket by the teams against the municipalities.

    Peace,
    Greg

  20. MJ5150

    MJ5150 Terrific Twister Supporting Member

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