NFL has relinquishes its tax-exempt status

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dead_poet
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NFL has relinquishes its tax-exempt status

Post by dead_poet » Tue Apr 28, 2015 12:50 pm

Commissioner Roger Goodell labeled the designation a "distraction." The NFL has repeatedly come under fire for its tax-exempt status as it racks up billions in revenues. As Profootballtalk points, the league's 32 teams are all taxable, for-profit businesses, however, so it's not as if the NFL has been dodging taxes. The move means Goodell's salary will no longer be public record.
http://profootballtalk.nbcsports.com/20 ... pt-status/
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jackal
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Re: NFL has relinquishes its tax-exempt status

Post by jackal » Tue Apr 28, 2015 3:16 pm

Why did they have the tax status to begin with ?
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HornedMessiah
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Re: NFL has relinquishes its tax-exempt status

Post by HornedMessiah » Tue Apr 28, 2015 7:28 pm

jackal wrote:Why did they have the tax status to begin with ?
Not 100% sure on the details but I think all the major sports leagues received this status many decades ago to help them last and eventually grow. MLB wisely dumped their tax exemption a while ago but the NFL has come under fire in the past few years for still retaining the status. Not sure if the NBA and NHL still have it.
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