Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

bluesbassman

(20,384 posts)
11. I believe the tax structure is abused by the NFL, facts are jumbled.
Tue Feb 4, 2014, 07:00 PM
Feb 2014
But the NFL goes one better by having developed a revenue machine through creating intellectual property, licensing logos and names for merchandising, negotiating deals for televising games, and running the schedule of games, including producing the Super Bowl. And that machine is a printing press for money:

Revenue for the league, not counting what the teams made, was $255.3 million.
The top eight league officials made a total of $50.1 million in 2011 from the NFL or related organizations, with commissioner Roger Goodell seeing about $29.5 million in his paycheck.
The league received another $10.4 million (including nearly $7.6 million to former commissioner Paul Tagliabue).
In 2011, the NFL paid $35.9 million for office construction, $13.5 million in office rent, $6.7 in IT consulting, and $6.7 million in travel expenses.
Total travel expenses topped $11 million.
It had notes and loans owed to it of nearly $620.8 million.
For all the income, expenses were even higher at almost $333 million.
The organization spent more than $1.5 million on lobbying.


So the other $8.75 billion is revenue split among the individual teams who have their own expenses. No doubt they are receiving various taxpayer supported breaks, but the revenue is still subject to normal expanses (like salaries which are then subject to tax), and at some point in the accounting they pay tax like any other business. Is it fair? Probably not, but then most of the way large businesses are treated is not fair.

Recommendations

0 members have recommended this reply (displayed in chronological order):

you got that, football fan? it's all your fault.. frylock Feb 2014 #1
You don't think people should be aware of the hypocrisy? cynatnite Feb 2014 #2
i think that many of us are very much aware of the tax-exempt status the NFL enjoys.. frylock Feb 2014 #4
I'm not letting them off the hook... cynatnite Feb 2014 #6
what you did was attempt to shame anyone here that watches and enjoys the game frylock Feb 2014 #7
It's no different than when we shame people for drinking a fucking coke... cynatnite Feb 2014 #9
you choose your battles.. frylock Feb 2014 #14
Meh ... 1000words Feb 2014 #3
Just think about that the next time you bitch about a corporation that pays zero in taxes... cynatnite Feb 2014 #5
LMFAO AnalystInParadise Feb 2014 #8
I never said that people should not support their favorite teams... cynatnite Feb 2014 #12
Sucks this country dry? How much tax should they have paid on a $77 million loss? n/t hughee99 Feb 2014 #17
If I understand correctly, the "NFL" doesn't have $9 billion in revenue. hughee99 Feb 2014 #10
I believe the tax structure is abused by the NFL, facts are jumbled. bluesbassman Feb 2014 #11
I'm sorry I watched the Super Bowl and $8 billion got cut from food stamps NightWatcher Feb 2014 #13
yuk. all this money for the NFL and kids sports & equipment for schools... Whisp Feb 2014 #15
If I don't watch football, can those people have their food stamps back? Iggo Feb 2014 #16
I don't watch football ohheckyeah Feb 2014 #18
Your link does not back you up. former9thward Feb 2014 #19
The teams pay taxes. Players pay taxes. There are taxes on seat sales and merchandise. LeftyMom Feb 2014 #20
Latest Discussions»General Discussion»Hey, pro football fans! C...»Reply #11