Saturday, December 21, 2013
Why the NFL is a Tax Exempt Nonprofit Organization
Once Again, Journalists Didn’t Do Their Research.
Yes, folks. The National Football League legally qualifies as a tax exempt, nonprofit organization. And there’s not a thing wrong with that. People must learn to distinguish between the league and the teams. The teams pay taxes. The league does not.
When some “journalists” learned that the NFL is a nonprofit organization, they incited outrage, driving millions of Americans into a full-fledged hissy fit. “The NFL can’t BE nonprofit. It’s a $9 billion industry,” they raged.
Actually, no. The National Football League is not an industry at all. Professional football is an industry. The NFL is a trade association representing that industry.
Read More ….
Posted by Patricia A. O'Malley