[QUOTE="mrbojangles25"][QUOTE="HoolaHoopMan"]I wasn't aware they were tax exempt. On what grounds are they? I would like to hear the reasoning. HoolaHoopMan
the reasoning is that they "reinvest" the money back into the association by paying rent, officiating fees, and salaries to various NFL chairmen (I believe one guy got paid 31 million dollars last year).
while the NFLs 32 teams bring in a combined $9.5 billion in annual revenue, the league office calls itself a trade association promoting interests of its 32 member clubs. This is a bit likeMcDonalds (MCD) calling itself a trade association promoting the interests of its 14,000 U.S. restaurants. The key difference is that the NFL distributes all its revenue back to the teamsafter covering expenses such as rent, officiating crews, and Commissioner Roger Goodells $30 million salary.
It is on the same grounds as this:
The NFL qualifies as a 501(c)(6), a nonprofit category that includes chambers of commerce, trade groups, real estate boards, and a handful of other sports leagues.
So a non profit is making fvcking ridiculous profits. Am I alone in seeing how strange that is? They aren't making a profit.Â
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