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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.
In a world where there is no competition you are correct. When you have competition, prices of goods and services will fall.
When you remove taxes as a cost, you also remove the associated costs with computing taxes and the additional personnel that try to hide revenue. The corporations then have 2 choices. In your short term view of the world, the execs pocket the money. You may be correct with some but most executive compensation is tied to share price 5, 10 or 20 years in the future. Based on that, smart executives will try and grab more market share via price cutting. Why pocket $10M today when you can make $2M a year for the next 20 years?
Yeah...I was about to clarify as well....the NFL itself is tax exempt...but the teams are not. That definitely needs to be clarified if we are to have this convo.
Either way, I still have some issue with an organization so blatantly profitable (and not a charity) not paying into our tax structure. It's hard to reconcile that the NFL is the same as a local chamber of commerce.
Can you tell me how much profit the NFL made last year which should have been taxed?
The NFL is no different than various enterprises setup to push profits through to the individual teams where they are taxed..
[quote=gulfporter;36505672]Here's a link to the petition. Pass it on to others who are sick and tired of having these big $$$ guys getting tax exemptions. There is no reason for it; Congress did it back in the 60's when the NFL was new and it needed 'help' to get started. They need to get off the government teat.
Look on the bright side though, that money from the Nigerian Prince should be coming any day now.
just making sure on every page of this thread, the fake hysteria is delt with.
the NFL does not make any money therefore, there is no outrage that a membership organization that gets its money from dues collected, is not taxed.
In the case of the NFL, the member teams actually lose a source of deductions because they work thru the NFL office.... thats right, the feds collect MORE TAXES BECAUSE THE NFL IS A 501(C)(6)
It is not a pointless exercise. It sends a message that rich fat cats shouldn't be treated oh-so-special. What corporation would continue to employee its highly visible employees who commit criminal acts? The NFL and Roger Goodell think they are immune to laws of decency, yet they hold themselves out as role models.
Yes, making a tax exempt entity that makes no profit a taxable entity is pointless.
You want to punish them. I get that. What you're suggesting as punishment makes no sense.
Look on the bright side though, that money from the Nigerian Prince should be coming any day now.
I dont think gulfporter has been suckered. I think Gulf Porter is an activist looking to do what activists do....which is pick on some group they have decided is bad and work to distroy them.
I think this is intentional. They just showed up in the wrong place to spread the gospel of hate.
Lets quickly deal with the most fallacious aspects of the OP
1. The Tax Exempt status does not extend to the individual teams. Those member teams, pay GOBS of taxes
2. The teams very likely pay MORE in taxes BECAUSE the NFL is tax exempt than they would if it were not.
3. The NFLs tax exempt status is not unlike that of the PGA, or any local community Chamber of Commerse.
4. The NFL does not make money. The TV Contracts, Commercial $$$, ticket sales, concession sales etc all go to the member teams.
5. The NFLs money comes primarily from the member teams paying dues.
6. The NFL as a 501(c)(6) actually has operated at a loss over the last couple of years.
Quote:
Originally Posted by pghquest
Can you tell me how much profit the NFL made last year which should have been taxed?
The NFL is no different than various enterprises setup to push profits through to the individual teams where they are taxed..
I learned something new today. I didn't realize the NFL organization was operating at a loss. I'm very surprised by that. How does a head of a highly-lucrative $10B industry operate at a loss?
The all-encompassing idea of the THE TAX EXEMPT NFL that the OP is targeting is much different from the 501(c)(6) legal entity called the "National Football League" that actually exists.
The vast majority of all NFL revenue is taxed and goes through 1) the 32 NFL teams or 2) NFL Ventures which is the parent company of NFL Enterprises, NFL Properties, NFL Productions and NFL International.
The 501(c)(6), "National Football League", does not actually turn a profit, and would not likely pay any taxes at all if it were to lose its status. Additionally, there is the possibility that if the "National Football League" were to lose its tax exempt status and were treated as a regular LLC, the taxable member organizations (NFL teams) could take advantage of additional deductions based off of the "National Football League's" losses.
I learned something new today. I didn't realize the NFL organization was operating at a loss. I'm very surprised by that. How does a head of a highly-lucrative $10B industry operate at a loss?
LOL because the NFL isnt a lucrative 10B industry. It is the Member Association of 32 Member teams that ARE a highly-lucrative $10B industry.
The money made by the teams does not belong to the NFL. The NFL gets dues from its members. NONE of the big money actually goes to the NFL. well... they get like $200M a year but they spend more than that on behalf of their members.... so...
Now those 32 teams? they are awash in Cash and pay BIG dollars to the feds every year.
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