Originally Posted By: Teonan


"We cannot simply think of our survival; each new generation is responsible to ensure the survival of the seventh generation. The prophecy given to us, tells us that what we do today will affect the seventh generation and because of this we must bear in mind our responsibility to them today and always."

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Originally Posted By: Teonan
Originally Posted By: twocats
Originally Posted By: Teonan

Time to revamp that "nonprofit" category maybe? Wow.


Ya think? How in the world can the NFL be tax-exempt?

Well paid lobbyists, I guess. Pathetic.



In 2010, Andrew Delaney, a Vermont Law School student, put together a fascinating paper examining the tax status of the NFL and found that the NFL was working like a "glorified tax shelter." Delaney explains:

"Through for-profit companies, the NFL sells licenses to use NFL intellectual property, broadcast games, etc, making a ton of money. That money is then distributed to the individual teams. The individual teams, in turn, pay their "dues and assessments" to the NFL. I don't intend to mislead -- some taxes certainly get paid here. The teams are considered for-profit and pay regular taxes. The teams' tax liability is significantly reduced, however, when they pay their tax-deductible "dues and assessments." How much and what gets taxed is just not publicly available. And it should be if the NFL is going to enjoy tax-exempt status."

Delaney ultimately concludes that "if the NFL isn't violating the letter of nonprofit status, it's certainly violating the spirit."

The important thing here is that we the people granted the NFL this tax exemption, even if it was decades ago (Just as we granted the leagues the anti-trust exemption for negotiating television broadcast contracts.). As a result, we can revoke that exemption if the league blacks out its fans, forces fans to pay for personal seat licenses, extorts public money from municipalities by threatening to move teams, etc. The NFL may technically be a non-profit, but it sure as hell isn't acting in the public interest.

http://www.huffingtonpost.com/brian-frederick/nfl-tax-exempt_b_1321635.html



time to eliminate the 600 'tribes' tax free status

T - insert foot in mouth...


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