Most churches should not be either.

Until their IPO in 2007, Visa was a non-profit. Made for some sweet year-end bonuses when they had to dump the last of what would otherwise have been profits.

I'll repost my response from the last time someone brought this up.

http://www.chiefsplanet.com/BB/showthread.php?t=268065

...

http://x2a.xanga.com/f4915bf13343227...z205099164.gif

Holy crap.

ROFL

Btw, obligatory we landed on the moon.

What a dumb article. The individual teams pay taxes on the 9 billion (well, on profits). The NFL is essentially a-not-for-profit entity set up to handle shared administrative and management tasks anyway. X dollars come in, and X dollars go out. They wouldn't be paying tax even without the exemption.

The main complaint in the article is that the ~6 million each team pays to the NFL in membership is tax deductable. Again, as a legitimate business cost it would be friggen tax deductable anyway (you would need a different structure though I guess).

Hospitals do it all the time... well... probably not that much.

They do pay their heads obscene amounts of money and call themselves non profit though.

As my post above mentioned, "non-profit" doesn't mean "makes no money." Employees of nonprofit organizations have to be paid competitively or the only people they'd ever be able to hire would be shitty at their jobs. Employees of NPO's pay taxes like anyone else.

that's great for America

/donger

Is it bad for America?

It's pretty clear in this country that if you can generate x amount of money, then you don't have to pay any taxes.

You are such a disgruntled little tweeker.

You contribute nothing to society, yet you bitch nonstop.

that every corporation, every mega rich person doesn't have to pay any taxes at all? Ya, it's bad for America regardless of what your favorite (R) politician told you after he gave you an amen and mentioned jesus.