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Old 04-05-2013, 12:07 PM  
houstonwhodat houstonwhodat is offline
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Did You Know The NFL Is Classified As A 501(c) Non-Profit Organization?
Crazy eh?

"You may not know it, but the National Football League is a nonprofit organization. It may seem absurd that a collection of teams that generated at least $9 billion in revenue last season would be given tax-exempt status, but the NFL is technically classified as a 501(c)6 organization."

"Here’s the meat of the IRS’ explanation of how these tax-exempt leagues are supposed to work:

A business league is an association of persons having some common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit. Trade associations and professional associations are business leagues. To be exempt, a business league’s activities must be devoted to improving business conditions of one or more lines of business as distinguished from performing particular services for individual persons. No part of a business league’s net earnings may inure to the benefit of any private shareholder or individual and it may not be organized for profit to engage in an activity ordinarily carried on for profit (even if the business is operated on a cooperative basis or produces only enough income to be self-sustaining). The term line of business generally refers either to an entire industry or to all components of an industry within a geographic area. It does not include a group composed of businesses that market a particular brand within an industry."


http://articles.businessinsider.com/...rust-exemption
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Old 04-05-2013, 03:55 PM   #31
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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.


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Old 04-05-2013, 03:56 PM   #32
Bump Bump is offline
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You are such a disgruntled little tweeker.

You contribute nothing to society, yet you bitch nonstop.
Please, let me know when you visit the real world and are off your parents insurance.
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Old 04-05-2013, 03:57 PM   #33
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Old 04-05-2013, 03:58 PM   #34
Cephalic Trauma Cephalic Trauma is offline
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Please, let me know when you visit the real world and are off your parents insurance.
I am.

So... what now?

Your ceiling is a barista at Starbucks.
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Old 04-05-2013, 03:59 PM   #35
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What part of these posts didn't you understand?

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Originally Posted by Dante84 View Post
This makes sense. Its just a group of businesses working together.

The individual teams, who benefit from the 9 billion in profits, are not tax exempt.
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I'll repost my response from the last time someone brought this up.

http://www.chiefsplanet.com/BB/showthread.php?t=268065
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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).
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Old 04-05-2013, 03:59 PM   #36
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I am.

So... what now?

Your ceiling is a barista at Starbucks.
it is? Oh awesome. I love coffee.
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Old 04-05-2013, 04:04 PM   #37
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it is? Oh awesome. I love coffee.
Hey, so do the mega rich guys you'll be serving!
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Old 04-05-2013, 04:05 PM   #38
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AAAAaaannnnddd....this thread just went full reerun. I'm out.
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Old 04-05-2013, 04:12 PM   #39
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well obviously folks the NFL is sincere.
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Old 04-05-2013, 04:17 PM   #40
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AAAAaaannnnddd....this thread just went full reerun. I'm out.
it happens...
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Old 04-05-2013, 04:21 PM   #41
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that's great for America

/donger
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