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View Full Version : NFL gives up not-for-profit tax status



Spiritguy
04-29-2015, 09:06 PM
The tax exempt status for the most profitable sports league has generated a lot of controversy, but the move to cancel that is largely symbolic. While the league is tax-exempt, the $1 billion or so it makes a year is distributed to the 32 teams, all of which do pay taxes.

"The owners have decided to eliminate the distraction associated with misunderstanding of the league office's status, so the league office will in the future file returns as a taxable entity," said Robert McNair, chairman of the league finance committee and owner of the Houston Texans.

The league saved only about $10 million a year from the tax break, according to the Citizens for Tax Justice. That's a rounding error for an enterprise the size of the NFL.

http://money.cnn.com/2015/04/28/news/companies/nfl-tax-exempt-status/

Simple Jaded
04-29-2015, 09:50 PM
Happy days, Chron, Tebow has a job and the NFL isn't dodging taxes, now you can quit your bitching.

BroncoWave
04-30-2015, 06:16 AM
Happy days, Chron, Tebow has a job and the NFL isn't dodging taxes, now you can quit your bitching.

As long as they suspend people for weed he will still bitch.

Simple Jaded
04-30-2015, 11:17 PM
As long as they suspend people for weed he will still bitch.

Wait til the Rams move to LA.