NFL is a non-profit organization?

Discussion in 'The National Football League' started by TexanSam, Feb 14, 2011.

  1. TexanSam

    TexanSam Hall of Fame

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    A buddy of mine was watching DeMaurice Smith talk about the NFL and he mentions that the NFL is a 501(c)-6 organization, meaning they are tax exempt.

    Here's the video. He talk about it at the 5 minute mark.
    http://www.youtube.com/watch?v=T3n-xX16m3c&feature=relmfu

    I don't have any other information about it but the fact that NFL owners are whining about losing money when they pay less taxes than you, me, or anyone who isn't a billionaire football owner is ridiculous.
     
  2. Dutchrudder

    Dutchrudder COOL BEANS!

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    Well that's news to me. I can't believe they get a free pass for that. Makes no sense at all to me. How does the NFL get this, but MLB our 'national pasttime' doesn't get jack?? Odd, I'm gonna have to read up on this one. From the IRS website:


    http://www.irs.gov/charities/nonprofits/article/0,,id=96107,00.html
     
  3. Texaninlild

    Texaninlild Hall of Fame

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  4. thunderkyss

    thunderkyss Salem Poor

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    So........ Kubiak & Smith don't pay taxes?

    What about the team CEO? Does he pay taxes?
     
  5. ChampionTexan

    ChampionTexan Site Contributor

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    The league itself is non-profit, the teams are not. The NFL and the individual franchises are separate entities from the IRS's standpoint.

    link
     
  6. Double Barrel

    Double Barrel Modified Simian

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    Just more of the 'rich get richer' routine that permeates this country like a virus. They con us into building their stadiums that they control and profit from, and then they exempt themselves from paying taxes. What a crock.

    The fans need to unite and lock out the NFL to show them who is really boss, Egyptian street revolution style. It's never going to happen, but a man can dream, can't I?... :bored:
     
  7. CloakNNNdagger

    CloakNNNdagger Site Contributor

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    Let me understand this in simple terms..............The NFL is the PIMP........and the franchises are the WHORES........got it.:)
     
  8. Showtime100

    Showtime100 Got AJ?

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    ....and we got the diseases. :bender:
     


  9. Dutchrudder

    Dutchrudder COOL BEANS!

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    Well that would explain Ron Mexico's case...
     
  10. sakebomb

    sakebomb Hall of Fame

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    .....and the fans get ef'ed.
     
  11. Blake

    Blake MMQB

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    Why are we still fans of this sport? I wish I was a hockey or soccer fan. Hell even baseball. At least you can see a few games and not have a bleeding anus the next day.
     
  12. Dutchrudder

    Dutchrudder COOL BEANS!

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    What???


    :backsout:
     
  13. Texaninlild

    Texaninlild Hall of Fame

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    So I wonder how that money shows up on the teams revenue reports?...I keep hearing ownership whine about margins, but they will not open the books.
     
  14. Wolf

    Wolf 100% Texan

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    yeah... and I thought about what you said( I think it was you) about Rome and how the more entertainment there was and craved ,the worse the country got(in so many little words)

    well, in the case of the bengals.. they might are non-prophet (just a joke folks)
     

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