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hughee99

(16,113 posts)

29. The NFL itself (the league office) is tax exempt.

Tue Sep 16, 2014, 04:46 PM

Sep 2014

The individual teams are not. The teams all have to pay taxes. The NFL itself (the corporate entity), brings in about $300 million a year or so (mostly through franchise fees that the team owners pay) and usually spends more than it brings in, which means on paper, they don't make a profit.

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Lawmaker to introduce bill to end NFL�s tax-exempt status because of Redskins name [View all] FSogol Sep 2014 OP

ow about just ending it because these things are for for profit companies? n/t hollysmom Sep 2014 #1

That was my thought too. End it because they don't need a tax break, they are earning billions. FSogol Sep 2014 #2

The teams do pay taxes. former9thward Sep 2014 #35

Wrong. The NFL (the non profit enity) brings in just under 15 billion per year. FSogol Sep 2014 #37

What are the business expenses? former9thward Sep 2014 #38

Ok, but don't pretend that a gross of $15 billion isn't a lot. n/t FSogol Sep 2014 #40

I am not pretending anything. former9thward Sep 2014 #41

Yeah, our tax laws and loopholes are f'ed up. n/t FSogol Sep 2014 #42

That's not true Sgent Sep 2014 #45

Here you go, nonbeliever: FSogol Sep 2014 #46

Read the update Sgent Sep 2014 #47

So? If you look around the web, there is no agreement on what the actual numbers are. The update FSogol Sep 2014 #48

Exactly! Plucketeer Sep 2014 #5

The NBA, MLB, and NHL are not non-profit organizations. n/t FSogol Sep 2014 #6

Well - there ya go! Plucketeer Sep 2014 #25

The only time I ever pray customerserviceguy Sep 2014 #43

My Thought EXACTLY! elzenmahn Sep 2014 #7

The NFL itself (the league office) is tax exempt. hughee99 Sep 2014 #29

well giving your self a huge salary is not exactly not making a profit. hollysmom Sep 2014 #34

I agree and the league offices have big salaries hughee99 Sep 2014 #36

You are way low on your numbers. This info was leaked a few years back: FSogol Sep 2014 #39

I read the article and the pdf. hughee99 Sep 2014 #44

While she's at it, why doesn't she take on baseball's antitrust exemption? KamaAina Sep 2014 #3

Why the problem with the antitrust exemption? FSogol Sep 2014 #4

I was merely following her reasoning to its logical conclusion. KamaAina Sep 2014 #9

Really? What city/team? n/t FSogol Sep 2014 #13

San Jose; the A's. KamaAina Sep 2014 #16

Oh, should have guessed, Oakland. n/t FSogol Sep 2014 #17

I think he could move the 'A's to Fremont cojoel Sep 2014 #28

That was floated years ago KamaAina Sep 2014 #30

"Prevent Billionaire Owners from Moving Teams..." elzenmahn Sep 2014 #10

You are confused. The NFL does not have an anti-trust exemption. Only baseball does. Only one team FSogol Sep 2014 #12

There is absolutly no legitimate reason for the NFL to be tax exempt period. appleannie1 Sep 2014 #8

The NFL - or any other sports league, for that matter. elzenmahn Sep 2014 #11

Only the NFL is classified as non-profit. No other professional league enjoys FSogol Sep 2014 #15

Agreed. n/t FSogol Sep 2014 #14

Exactly!!! denvine Sep 2014 #32

is the NCAA non-profit? ...nt quadrature Sep 2014 #18

Yes. They are not a professional sports league. n/t FSogol Sep 2014 #19

but there is no difference, except for that.. both are bad ..nt quadrature Sep 2014 #23

Except that the NCAA is promoting a number of amateur collegiate sports that would never turn FSogol Sep 2014 #27

how the hell are they tax exempt in the first place? yurbud Sep 2014 #20

It's a setup similar to a SuperPAC KamaAina Sep 2014 #24

About time! tosh Sep 2014 #21

Tax exemption for the NFL is absurd, period. mountain grammy Sep 2014 #22

Nonsense. nt ladjf Sep 2014 #26

Their tax exempt status should be eliminated Faux pas Sep 2014 #31

And don't forget about the Thugs warrant46 Sep 2014 #33

Cory the Tory has chimed in; he pegs it to domestic violence! KamaAina Sep 2014 #49