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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, 12:15 PM   #2
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I love me some football but they should absolutely not be tax exempt.
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Old 04-05-2013, 12:16 PM   #3
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Old 04-05-2013, 12:17 PM   #4
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Old 04-05-2013, 12:17 PM   #5
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I love me some football but they should absolutely not be tax exempt.
And Goodell made 29.5 million in 2011.

I didn't know you could make that much money being a non-profit.
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Old 04-05-2013, 12:18 PM   #6
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Old 04-05-2013, 12:20 PM   #7
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Old 04-05-2013, 12:21 PM   #8
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I Did Not Know That.

Thank You For Sharing.
I thought only churches and shit were non-profit.
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Old 04-05-2013, 12:30 PM   #9
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Originally Posted by houstonwhodat View Post
And Goodell made 29.5 million in 2011.

I didn't know you could make that much money being a non-profit.
you have to get the **** over it


seriously


I'd put the over/under of your bitch posts about Goodell posts at 30
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Old 04-05-2013, 01:40 PM   #10
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Old 04-05-2013, 01:42 PM   #11
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Quote:
Originally Posted by houstonwhodat View Post
And Goodell made 29.5 million in 2011.
Yeah? So?
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Old 04-05-2013, 01:42 PM   #12
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All money spent on nfl tickets or merchandise should be tax deductible then
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Old 04-05-2013, 01:43 PM   #13
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Old 04-05-2013, 01:45 PM   #14
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Apparently, however, each individual team isn't tax-exempt.
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Old 04-05-2013, 01:53 PM   #15
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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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