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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (213695)	1/2/2013 2:22:59 PM
From: Alex MG	Respond to of 541701

“In the eyes of the IRS, the National Football League is considered a nonprofit outfit. Just like the United Way. Read that again. The NFL — a league that makes roughly $9 billion in revenue per season and will collected a guaranteed $27 billion in television money over the next decade — enjoys the same tax breaks as, say, your local chamber of commerce, because both are classified as 501(c)6 organizations. Under federal law, 501(c)6 organizations — essentially, business leagues — are defined as associations of persons having some common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit. Does that sound like the NFL to you? … Maybe that’s why Sen. Tom Coburn (R-Okla.) included both the NFL and NHL in the 2012 edition of his annual government “Wastebook,” estimating that the two leagues’ 501(c)6 classifications cost taxpayers a combined $91 million. Maybe NFL commissioner Roger Goodell’s $9.9 million annual salary — part of a whopping $53.6 million the league paid eight of its top executives in 2009, the better to not, you know, turn a profit — is why Delaney writes that if “the NFL isn’t violating the letter of nonprofit status, it’s certainly violating the spirit.” According to Sen. Coburn, NFL executive vice president of media Steve Bornstein earned $12.2 million in 2010, while former commissioner Paul Tagliabue made $8.5 million. Goodell’s salary reportedly will reach $20 million in 2019. In comparison, the next highest salary of a traditional nonprofit CEO in 2008 was $3.4 million. ” Want to stop the fiscal cliff from advancing? Cut welfare to sports. \| SportsonEarth.com : Patrick Hruby Article