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View Diary: Utah Republican: Make the NFL pay taxes (112 comments)

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  •  AG - I think you are confusing different entities (0+ / 0-)

    The umbrella association, the headquarters function of the NFL, has no ownership interest in any of the teams or any of the stadiums. So none of the team or stadium issues impact its financial statements. Each of the teams is a for profit, tax paying, entity and each has a unique stadium situation with different impacts on its P&L and tax liability.

    The umbrella organization collects association fees from each of the teams and pays for the headquarters level expenses. The TV and other league wide revenue goes directly to the teams, bypassing the umbrella organization, which in addition to being a non-profit earns no surplus. So even if it was a taxable organization it would owe no tax. That's why this entire discussion, and the petition to "Tax the NFL", makes no sense.

    "let's talk about that"

    by VClib on Fri Jan 31, 2014 at 08:46:40 PM PST

    [ Parent ]

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