How the NFL avoids paying millions in taxes

[LittleBlue]

9. The thing is

I don't mind if the voters of the State of New Jersey criticize any tax deal. It's their right as voters. Personally I'd love to have a SB in exchange for a relatively minor ticket sales tax exemption. An extra few hundred thousand people all paying a fortune in sales tax (elsewhere) and hotel tax makes it easily worth it.

But this federal thing has to be understood and put into context. The exemption is largely a legal anachronism that probably isn't changed because it's irrelevant since LLCs came into existence.

From what I've seen, it's being used by journalists who don't like football. They're misrepresenting the tax implications of this to "prove" a football-related injustice.