This is an organization ubiquitous with sports, a group of franchise owners, and their selected managers that don’t pay business taxes because they are organized as a non-profit organization.
Any idea who they are? Here are some hints:
This Is a team contact sport
Their season begins late summer, and lasts through mid-winter
There is a total of 22 players on the field at all times.
If you guessed football, more accurately, professional football, you’re correct.
The top 5 managers of the NFL each earn $30 million a year in income. Whether that is fair is another subject; but the NFL as an organization pays no taxes because of their non profit status.
Football is the most popular sport in the USA; it broadcasts on radio, television, cable, and mobile so that fans are always connected. Star players earn multi-million, multi-year contracts – I don’t have an issue with that either.
The team owners, which earn huge profits from broadcasting rights, tickets sales, and concession sales are exempt from paying tax.
So, the question is what constitutes a non-profit organization, and when does a non-profit organization (even if initially chartered properly) becomes a for-profit organization?
If these organizations paid taxes, it would help make a contribution to our national debt: these owners are benefitting from the infra structure provided them – roads for fans to watch games in person, city governments offering sweetheart deals for their teams to be in their city, and more.
Its time that the NFL be recognized as the for-profit organization that it is, and to pay their fair share of taxes.