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Also what percentage of NFL revenue goes through the 501(c)(6) "National Football League", and what percentage goes through the 32 for-profit teams and the for-profit "NFL Ventures" which is the parent company of NFL Enterprises, NFL Properties, NFL Productions and NFL International (those handle advertising, publicizing, promoting, marketing, selling broadcasts of NFL games, licensing, sponsorship, marketing, NFL-related programming for the NFL and its Member Clubs etc).
You could cut the NFL out of the 501(c)(6) statute (professional football leagues are specifically codified in the law) but even though a lot of money (albeit a tiny percentage of pro football revenue) comes in and goes out, the "NFL" does not typically turn a profit. So realistically, how much do you expect the league to get hit by actual taxes if their status was revoked? Probably none, but potentially it could open up the member-teams to additional tax deductions having the exact opposite effect you would think.
The NFL - as is the real tax exempt legal entity - is a much different thing than the idea that people have of "THE NFL".
TLDR: Revoking the tax exempt status is ultimately a pointless exercise.
Last edited by KStreetQB; 09-15-2014 at 12:12 PM..
Please consider signing this petition. In the 1960's, Congress granted the NFL special tax-exemptions (non-profit status that it otherwise is not entitled to) and made the NFL exempt from existing anti-trust laws (anti-monopoly) that other corporations must abide by.
When has it ever deserved the exemption?
Seriously, I have no issue at all with revoking their tax exemption. But I thought it was ridiculous long before this latest string of scandals.
Why on Earth would anyone want to bestow this tax emption on the NFL even if every last player was the epitome of the a great husband and father?
Is being a decent human being worth a special reward such as that? No! I've never laid a finger on a woman or child, and you don't hear me bleating that I deserve some sort of economic gift from the government for not hitting people.
It's an embarrassment that it takes criminal violence to decide that an entirely non-essential $11,000,000,000+ industry that already gets the special privileges of an anti-trust exemption and most of its physical infrastructure subsidized by local governments doesn't deserve a further tax exemption on top of that!
Why not get rid of corporate taxes and watch other corporations expand like this?
sure - if you buy that, I have some swamp land to sell you in Arizona.
trickle down doesn't work like magic. Especially not in this day and age of outsourcing. greedy execs will pocket the savings & profits. the few AMERICAN jobs they create are not worth the TREMENDOUS tax losses.
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