How can anyone justify these Corporations being tax exempt?
The NFL has paid zero taxes since 1966. “Since 1966, the tax code has allowed leagues to classify as 501(c)(6) charitable organizations—a classification used by trade and industry organizations—under the assumption that the leagues were promoting the general value of their sports. But Coburn’s amendment asserts that the leagues … are businesses interested solely in the promotion of their business; that is, the NFL isn’t so much concerned about promoting the general sport of football as it is concerned with promoting NFL football, because it is the NFL brand and the NFL teams and logos and products that make it a profitable business. The NFL, for instance, didn’t seem interested in promoting the general spread of football when a competitor league, the United States Football League, was formed in 1983.” The NFL has successfully rid itself of competition.
I for one, would love to see this “corporate welfare” ended. The practice of not taxing corporations is wrong. They make billions and pay nothing in taxes? How is that fair to the fans or the citizens who do not pay attention to football? We all know that the fans who pay for the tickets to the games would be paying the taxes if they were taxed.
Corporate welfare is wrong. Let your Senator and Congressman/woman know that you are fed up with corporate welfare!