The current bozo NFL Commissioner is useless
The current bozo NFL Commissioner is useless
Truth. They are only a multi-billion dollar organization that pays no federal taxes. The commish sux!
Bendeloid wrote:
Truth. They are only a multi-billion dollar organization that pays no federal taxes. The commish sux!
I hear this argument all of the time. I dont understand why people think it matters whether the league is nonprofit or not. The league pays out all of its money to the teams. The teams aren't non-profit. The teams pay taxes on their profits.
As a 501(c)6, the NFL isn't supposed to engage in business ordinarily carried out for a profit.
There really was no argument presented.
Now one could very easily "argue" against the high salaries paid to the executives and high rent accommodations of an organization that, by definition, does not make a profit. But many other non-profits or even charitable organizations do the same thing.
The real argument should be against the huge public subsidies almost all NFL teams receive.
Each NFL team today is neither a non-profit nor a for-profit. Rather each NFL team os on the public dole (aka welfare) with the stadium, parking structures, NFL Franchise Fee, and infrastructure improvements paid for by taxpayers.