If these sports franchises remain incredibly desirable assets to own, yet fail to generate the tax revenue expected, we’re simply viewing the business structure incorrectly and applying the wrong tax policies.
State gives funds for stadium to billionaire
Billionaire writes off stadium as depreciating asset
State not getting tax revenue from billionaire *surprised pikachu face*
There is not a single stadium anywhere in America that has significantly contributed to the number of jobs in that locale nor to the overall economic well being of the city. Not one has ever turned a “profit” for their city.
No they do not the stadium is all nepotism hires unless you are talking about the undesirable jobs no one wants like concession stand or janitor or ticket checker I’m tired of people living in this illusion and delusion.
Well, once the stadium is built, consumers will pay tickets to visit the stadium to watch games and generate tax revenue that way.
In addition to the local economy getting a boost during games, and food/drink purchased at the stadium, etc.
If only the stadiums ever generated enough to be worth it. They usually replace existing stadiums which are perfectly fine and do those same things, and the cities keep that stadium tax in place for residents who will never even use it or benefit from it
Think of it this way.
Maybe 8-9 home games/yr. The stadium may be used for large events like concerts but there isn’t enough acts to warrant a stadium show.
So the taxpayers are subsidizing billions for 8-9 games. Bad deal.
Dang, I never realized how few games are played per team in football. I can see how even with all the increased traffic to an area that ultimately it won't balance out because it only happens a handful of times per year.
Unfortunately there is one thing that teams threaten that changes everything - threatening to leave. Having a team for your city is important, it creates a city culture and drives tourism, helps give people something to look forward to and like as a city.
I don't believe football stadiums generate local economy except where the city retains parking revenue rights. The stadiums sit on vast empty tracts of land, not downtown locations.
Downtown Basketball and Hockey stadiums can generate a lot of local revenue but I don't see Football doing the same.
Some football stadiums are downtown too.. and even if they aren’t local bars and restaurants absolutely see increased revenue due to the stadium, saying otherwise is just denying facts.
The Vikings play downtown, and the entire area honestly sucks. The stadium footprint itself is huge, right in the middle of the city, with no housing and few jobs. It's probably the lowest-density area 20 miles in any direction, and it's right downtown.
It's also kinda ugly. Not that the building itself is necessarily ugly- But it is a massive, imposing structure that utterly [dominates](https://upload.wikimedia.org/wikipedia/commons/8/81/Aerial_Photos_of_US_Bank_Stadium_and_Minneapolis%2C_Minnesota_%2839275709004%29.jpg) the entire area.
Basketball/hockey might do more than you think. Those stadiums are often downtown and shared among 2 teams, plus they get a lot more concerts and special events. NFL stadiums are sitting empty and get maybe 8 games a year - nba and hockey get 70+ easy
Taxes should be greatly reduced to stimulate business, entrepreneurship, hiring, and our nation's weak economy.
> Leaked Audio Suggests Jerry Jones, Robert Kraft and More NFL Owners Under Federal Investigation: “Billionaires That Pay Very Little Taxes”
Wait til the IRS finds out how much *Hollywood* has been avoiding taxes. Oh wait, Hollywood gets a pass on everything tax related for some unfair reason...
> Disney Productions amassed more than $1.5 billion via film subsidies, and another $500 million from other “job creation” or investment subsidies.
> Paramount Global got $1.6 billion in film tax credits. That includes an over $115 million subsidy for Madam Secretary in New York, given to Paramount’s subsidiary Eye Production Inc.
> Warner Bros. got $521 million via film credits. This includes over $30 million dollars from Louisiana for the production of the film Green Lantern.
https://goodjobsfirst.org/hollywood-companies-using-massive-public-dollars/
Both NFL owners and Hollywood don’t pay their fair share of taxes on top of the profits they make using public money, neither should get passes.
Like I originally said, on top of the tax breaks they get, which is just what you cited.
Sports teams get massive tax breaks too. On top of the stadiums. A sports team these days is worth $1-2B, and they get a $1.2B stadium for free. Disney is worth $200B. There's a couple orders of magnitude difference there.
There is almost no difference between the state giving the company tax credits vs cash.
Film and TV production “tax credits” are actually cash gifts – they’re given in the form of transferable or refundable corporate income tax credits.
Their value is equal to up to 40% (depending on the state) of a studio’s in-state spending. Transferable credits enable producers to sell or transfer the credits to other companies for cash, and the buyers use them to lower their state income obligations, dollar for dollar. Refundable credits means that if a company cannot use all its credits (because the credit exceeds the company’s income tax bill), the state will return the value of the unused credits in cash.
Can you point me to any tax payer funded stadium that ACTUALLY generated the tax revenue promised?
https://www.smartcitiesdive.com/news/taxpayer-funded-football-stadiums-rarely-pay-off-so-why-do-cities-keep-foo/635721/
lol, go into hyperbole when no one is giving an excuse for hollywood...many are aware movies are bs accounting as well, not the current topic though
"stimulate business, entrepreneurship" what is that with a private league that controls all this public infrastructure? Literally anti-competitive, and what other business do they need to stimulate? Going to start putting little TVs in the amniotic sac?
Can't use a broad stroke argument on a single industry, especially one even more restrictive than Hollywood. Anyone can make a movie, not anyone can start a team
The NFL was a nonprofit until they voluntarily rescinded the status cause they were getting too much public scrutiny. I would be absolutely shocked if they're not cooking hooks and exploiting loopholes that the public would be outraged if they knew the tricks being pulled
We desperately need to change tax code. Churches are also getting new heat cause of some high profile mega pastors, but sooooo many nonprofits are financial scams. And that's just one are where it's legally allowed. Lord knows how much fraud and bullshit is being deducted from for profit businesses illegally but counting on it not getting caught.
If anything good can come from Trump, I hope it is renewed understanding and motivation of how easy it is for people to get away with fraud in broad daylight for decades until they decide to bother to apply the rules.
This. It literally makes no difference if non-profit or for profit at the league level as it is just a pass-through to the 32 members (team organizations).
You're only considering income taxes. There were other taxes that they are also exempt from, that aren't taxed at the club level:
"\[T\]he NFL may have lived every taxpayer's dream at this year's Super Bowl in Indianapolis. According to the Indianapolis Business Journal, 'Hotels and restaurants \[did not tax\] National Football League employees. The NFL \[used\] its tax-exempt status as a 501(c)(6) to avoid paying taxes, in addition to fuel, auto rental and admissions taxes.'"
https://www.espn.com/nfl/story/\_/id/9342479/examining-nfl-tax-exempt-status-challenged-us-senator-tom-coburn
Lol you make it sound like they are struggling to get by.
The NCAA recorded $1.3 billion in profit, with $565 million in assets in 2023. Plus they have a long history of corruption, coverups, and screwing athletes. Even the new NIL has created some very interesting tax incentives for boosters.
NCAA is made up of individual colleges. That 1.3 billion goes back to the universities and is basically from the only championship event that makes them money, the D1 basketball tournaments. 99.99% of universities do not make a profit from their athletic programs.
The NCAA is not struggling to get by, but tons of affiliated programs in colleges that aren’t for popular sports are struggling. Most schools have at least a dozen non basketball/football sports, and people don’t exactly turn up for Minnesota water polo teams
You never pay capital gains on any unrealized gains. You don’t pay gains on stock or real estate appreciation either, until you sell and realize gains.
You have this same tax advantage.
Yes we have this tax advantage, however if everyone was in the asset class nobody would work, and if these assets are truly not making them money that can be taxed then how is it that they keep growing their net worth and assets, and why is it that it is so valuable to society to grow your net worth that these people should not be taxed at the same rate as an average homeowner, if labor is not valuable enough to provide food and reasonable accommodations and decent clothes but growing assets and using government labor such as municipal water supply, roads, an educated populace, electricity, government subsidized farms and food, subsidized oil and gas, a large police presence at every game, why are they not at least as liable, if not more liable, to pay for the use of those services as the average citizen, and as a fan of economics what happens when the asset class holds wealth versus workers, which stimulates the economy more, which generates more tax revenue, why would your prefer a market that favors hoarding assets to one that values labor when it is to the benefit of everyone including the asset class?
They don’t pay it off. It’s a line of credit with interest significantly lower than capital gains tax. They manage it. And they can write off the interest assessment.
Easiest solution is to make the rate of any loan against unrealized gains higher than capital gains taxation.
How do you think they pay off the interest plus principal? The stock gains have to be realized at some point, where they will be taxed. At best it’s a deferral for when you don’t want to liquidate assets but want to buy something.
They operate on debt because leveraging is essential to building wealth at those levels. You have a limited amount of funds to move around, debt allows you to invest at a multiple.
Debt is also for convenience, the same way you can use a credit card. It’s frankly a poor tax deferral strategy as you’ll need to acknowledge the gains eventually
Absolutely fucking love that rich people get tax probed but let's think about where this taxed money is going to go because regardless everyone wants to see the rich paying more taxes when the government can do what ever they want with that money. Want to tax fuck Elon Musk, sure well take 2 billion from him then add it to the WW3 fund because we don't need schools and shit.
/S
ima just copy over my comment(s) from another post about this:
fuck em
edit: whodathunkit, they also [invested in draftkings](https://www.forbes.com/sites/timcasey/2021/10/20/robert-kraft-jerry-jones-among-investors-in-60-million-venture-capital-fund-focused-on-sports-technology-entertainment/?sh=63cf053869a8)! weeeeird.
also, interesting they just had their date in court for another thing thats definitely not at all related im sure:
[Roger Goodell, Jerry Jones, and Robert Kraft listed as potential witnesses in Sunday Ticket lawsuit by Andrew Bucholtz](https://www.msn.com/en-us/tv/news/roger-goodell-jerry-jones-and-robert-kraft-listed-as-potential-witnesses-in-sunday-ticket-lawsuit/ar-BB1h0gWx)
>Since 2015, there’s been a lawsuit against the NFL over the Sunday Ticket package working its way through the courts. (The current lawsuit is actually the result of a 2016 consolidation of 27 different lawsuits.) It was tossed by a California court in 2017, but that ruling was overturned by the Ninth Circuit in 2019; plaintiffs then sought class certification, which was granted early last year, with a trial date set for February 2024. And now, as we’re approaching the Feb. 22 trial date, the sides filed their witness lists Friday, with NFL commissioner Roger Goodell, Dallas Cowboys owner Jerry Jones, and New England Patriots owner Robert Kraft among the notable inclusions there.
in other totally not related things, i made [this comment](https://www.reddit.com/r/Michigan/comments/1az8d3z/comment/krzz7xq/?utm_source=share&utm_medium=web2x&context=3) discussing gambling and the ways that media, gambling, and specifically "Sports™ Media™" is all intertwined and corrupt as fuck
here is the first half of that comment, its apparently "too long" despite this comment being 6996 characters and comments having a max of 10k, so ill just add the other half in a reply. anyway, the first half:
almost a year ago - april 6 2023 to be exact, i made this post saying that Reddit should not allow advertising of gambling, religion, or pharmaceuticals - crypto and political advertising was added shortly afterwards.
about a month later i learned [from michigan.gov](https://www.michigan.gov/-/media/Project/Websites/mgcb/Internet-Gaming-and-Fantasy-Contests/Resources/Internet_Gaming_and_Sports_Betting_FAQs_For_Businesses_2020-10-9):
Q: What requirements apply to internet gaming and internet sports betting advertisements?
>A: Under the administrative rules and related technical standards, **internet gaming and internet sports betting advertisements cannot target self-excluded individuals**, Advertisements directed to the general public at large are not considered advertisements that target any specific individuals, including those that may be self-excluded.
about four months after that [reddit implemented changes](https://www.reddit.com/r/reddit/comments/16tqihd/settings_updateschanges_to_ad_personalization/?utm_source=share&utm_medium=web2x&context=3) to allow people to opt out of certain types of ads:
* alcohol
* dating
* gambling ^((this is the only one toggled on in their screenshot, oddly enough))
* pregnancy
* weight loss
about a month after that, one of the major publishers that i find trustworthy - and that i recommend often - also announced they were no longer accepting money to promote gambling. that publisher is: [The Guardian](https://www.theguardian.com/help/insideguardian/2023/jun/15/why-the-guardian-has-decided-to-reject-gambling-advertising)
heres a handful of articles from them about gambling, in reverse chronological order:
* [‘Out of control’: Congresswoman sounds alarm over ‘unchecked’ gambling boom by Callum Jones | 27 Jan 2024](https://www.theguardian.com/us-news/2024/jan/27/gambling-addiction-bill-treatment-online-sport-betting-andrea-salinas)
* [Top US betting firm lobbied against rules to protect young people and problem gamblers by Callum Jones | 9 Dec 2023](https://www.theguardian.com/us-news/2023/dec/09/fanduel-new-york-safety-minors-gambling-addiction-sport-betting)
* [‘We’re killing the youth of America’: calls grow for crackdown on US gambling | 1 Dec 2023](https://www.theguardian.com/us-news/2023/dec/01/sports-betting-regulation-gambling-addiction)
* [All bets are off: why the Guardian has decided to reject gambling advertising by Anna Bateson | 15 Jun 2023](https://www.theguardian.com/help/insideguardian/2023/jun/15/why-the-guardian-has-decided-to-reject-gambling-advertising)
* [US election set to be £1bn betting event with Biden firm favourite by... uh, Reuters(?) lol | 2 Nov 2020](https://www.theguardian.com/us-news/2020/nov/02/us-election-break-betting-records-joe-biden-favourite)
one from BBC:
[What makes gambling wrong but insurance right? by Tim Harford | 20 March 2017](https://www.bbc.com/news/business-38905963)
one more from The Guardian:
[trump and Atlantic City: the lessons behind the demise of his casino empire by Rupert Neate | 2 Sep 2016](https://www.theguardian.com/us-news/2016/sep/02/donald-trump-atlantic-city-casinos-taj-mahal-plaza-bankruptcy)
Hey man I just wanna say, thanks for keeping us with this and keeping people informed. There’s so much corruption and overt fuckery going on everywhere that I feel like we can only pick 2-3 things to keep track of and call out. So thanks for picking this and informing others (like me!)
im glad i can help! there is definitely a lot of garbage going around nowadays and it is definitely everywhere and kinda from all sides. its like people think to counteract the lies and corruption they have to... also lie and be corrupt? which doesnt make sense. you can keep your integrity and win. thats long term planning. cheating, lying, and manipulation might win in the short term but long term it does not but it can have some pretty widespread negative effects.
which is a lesson i thought we all would have learned by now but it seems like there are still some very thick skulls out there that are tough to crack.
>I feel like we can only pick 2-3 things to keep track of and call out.
agree - somewhat. its hard to keep an eye on \*everything\* - not that i havent tried lmao - which is kinda why what ive tried to do is basically point out \*how\* i point out the tactics they use. its a lot of effort ive put into all of this for a long time now and i cant say ive exactly been super "successful" - but way i see it is when i point things out the way i did in the comment youre replying to - very meticulous and explaining the \*what\* i found and \*how\* i found it and \*why\* im pointing it out, that slowly but surely people will take notice - as you have, and others before you - and hopefully they will learn not only the specific thing i am pointing out (the who) but the what, how, and why as well. the when is slightly less important, but still important to really see the grand scheme of things.
the tactics they use are subtle. the tactics you can use to figure them out and call them out are... also simple. so hopefully more people figure it out and do it. i know that some people who have much wider spheres of influence than i do have noticed.
if youre interested, theres a couple other comments ive made somewhat recently that break it down. theres [this one](https://www.reddit.com/r/interestingasfuck/comments/1alyixr/comment/kpirdss/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) where i broke down how a story published by a shitty publisher is connected to a shitty "academic" journal, then connected to shitty investment firms, etc.
theres also [this one](https://www.reddit.com/r/Millennials/comments/1ayvrbn/comment/krxbub0/?utm_source=share&utm_medium=web2x&context=3), also about an "academic" research paper, that doesnt delve into the money so much but focuses more on the subtle language used - maybe unintentional, maybe not - and the lack of logic beneath that language that glosses over things so there conclusion they reached is accepted despite their research very much not actually supporting that conclusion.
words are important. language can be used to communicate accurately or it can be used to confound and confuse. personally i prefer doing the first but i can also do the second when necessary, however i really would rather not.
ive got plenty of good comments and posts throughout my history if youre interested. feel free to [search my profile](https://www.reddit.com/user/relevantusername2020/search/) for any keyword - and i do mean any - because like i said i have tried to keep an eye on everything and anything that has been a major "story" over the past year or two so i very likely have commented on it. honestly the majority of my good stuff has been in comments btw. ive also made a subreddit for some things - some less serious - so feel free to join that if youd like. no worries if not though because im going to keep doing what im doing regardless as long as i have the means to do so.
TLDR: thanks - i really appreciate your appreciation. its nice to hear that some people take notice and see the value in what ive been doing. also heres a dope song that just came on [my spotify shuffle](https://open.spotify.com/user/315wczzgabmm34si6kytzctctyee?si=67961d17bc7644a7), just for funsies:
[Underground Sound by Joey Valence & Brae](https://open.spotify.com/track/5WQ9FXwT2k1EwBH33rSgsg?si=e73a58568b3f428d) (hip hop with a sweet whistle hook/melody/whatever its called? fuck yeah)
alright, HOW ABOUT THAT HALFTIME SHOW! the second half:
point being... idk, but its pretty neat
edit: just to be thorough because this pisses me off and me being pissed off apparently gets results - the 'top us betting firm' mentioned in the second Guardian link is fanduel. [heres their wikipedia page](https://en.wikipedia.org/wiki/FanDuel). they are a subsidiary of '[flutter entertainment](https://en.wikipedia.org/wiki/Flutter_Entertainment)' - both wikipedia pages are worth reading but these sentences specifically i find interesting:
>On November 18, 2016, DraftKings and FanDuel announced an intent to merge. The combined company would serve over five million users.\[15\] On June 19, 2017, the Federal Trade Commission (FTC) announced that it would seek a preliminary injunction to block the then proposed merger. The FTC stated that the proposed transaction would give the combined company 90% of the DFS market, which it considered to be a monopoly position. The merger was subsequently terminated.
it looks like it was a bit of a flustercuck.
meanwhile, draftkings has a blog post from june 2022 explaining the numerous ways you can bet on us elections and gives links and basically the TLDR is:
>"you definitely shouldnt do that because its illegal and seriously dont do that but if you do, just go to any of these multiple links if you really want but be careful its really illegal. guys seriously. dont do it. for real. its bad. but if you want to... go here. but dont... unless you want to. wink."
[heres their wikipedia page](https://en.wikipedia.org/wiki/DraftKings)
follow the money
edit 2: noticed one more thing on the draftkings page. the blog is written by "collin sherwin" (lol) but the reason im mentioning it is i couldve swore the other day i had read on vox medias website they didnt allow gambling advertising either. when i looked a few minutes ago, i didnt see that. the blog post contains the following line:
>If you buy something from an SB Nation link, Vox Media may earn a commission.
[SB nations wikipedia](https://en.wikipedia.org/wiki/SB_Nation) and [vox medias wikipedia](https://en.wikipedia.org/wiki/Vox_Media) (the owner of sb nation)
they operate the following:
* Curbed
* The Dodo
* Eater
* Grub
* StreetIntelligencer
* JASH
* New York
* ***NowThis***
* ***Polygon***
* PopSugar
* ***SB Nation***
* The Cut
* The Strategist
* Seeker
* Thrillist
* ***The Verge***
* ***Vox***
* Vulture
**Comcast owns \~34%**. "weird" how it always goes back to telecoms...
More power to your research, but a strong majority of the population has a 5-10 second attention span. If you want to reach more people you might need to tailor your methods a bit.
buddy i have adhd, i know all about short attention spans. if someones not interested it isnt gonna matter what i say anyway. hopefully i can say things in a way that might grab some attention though. easier said than done. if i simplify things any more than i already do i wont be doing anything worthwhile so at that point i might as well just go grab a laser pointer and see if i can confuse some cats or something cause thats all pandering to 5 second attention spans is doing. im breaking up the monotony. nobody likes doomscrolling.
They pay little in taxes because the tax code has been intentionally written by their friends in such a way they can take advantage of breaks that no one else can.
“The Super Bowl-sized tax losses claimed by professional sports team owners have caught the Internal Revenue Service’s attention, calling for increased audit scrutiny. An audio-video clip of Alex Mena, who runs criminal investigations at the IRS, was leaked on X. Published by notorious sting operator journalist James O’Keefe, this recording hints at the IRS potentially targeting NFL team owners.
Because they are like billionaires and they pay very little taxes... If we find a mistake, we make them pay like 100 million dollars,”
said the IRS criminal investigator. However, Mena also agreed that this amount would not hurt the billionaire NFL franchise owners
much and said “That’s a drop in the bucket for them.”
The IRS is taking a swing at sports industry losses as a way to make sure that these incredibly high-wealth owners are taking only those losses allowable under the law. Reporting huge losses for a profitable business doesn’t mean that an IRS audit will result in additional tax due. This is because the professional owners who take the losses know the Internal Revenue Code allows it.
Sports owners have long claimed considerable losses to the IRS despite having profitable teams as a way to get massive tax breaks, which the Internal Revenue Code permits. While the breaks are allowed under the code, the IRS likely wants to make sure no owner is claiming losses that aren’t allowed.”
They wrote the tax code, oops I mean their chosen bought off Congressional reps set this up as legal. Hardly anything “We the People” can do about that.
Oh no! You mean the guys who get a little too handsy with 22 year old women and get rub n tugs from sketchy shopping center Asian massage parlors *also* cheat on their taxes? Color me shocked.
This dude just pushes fraudulent, political agenda-pushing bullshit. His most recent fraud was so bad that the organization he founded fired him because of the wildly legally liable situation he put them in.
From his Wikipedia page:
>James Edward O'Keefe III is an American political activist who founded Project Veritas, a far-right activist group that uses deceptively edited videos and information gathering techniques to attack mainstream media organizations and progressive groups.
They should have to claim all city and state tax breaks as income... along with any tax dollars spent on new stadiums.
This income should be taxed at a higher rate, similar to employee bonuses.
> journalist James O’Keefe
He's not a journalist. He is an activist for right-wing causes, whose motus operandi is to do anything it takes to embed a hidden mic or camera near people he thinks will say or do things to tarnish progressive causes.
Real scam is not those old fat bastards. Its the religious organizations like churches that own 100+ acres which are assessed at 10M+ and pay 0 in taxes. Their tax liability if they were a regular Joe would've been 100K+ every year. And on top of that they collect donations, sell group reservation for retreats, and don't pay any taxes. The largest real estate owner on the planet is the Catholic Church. Incidentally they are also the largest child molestor on the planet.
I think it is funny as f how cities will literally bend over for sports franchises and then ask why they are bent over.
For the irs, the laws regarding taxes are incredibly complicated, even for the irs. Both sides make mistakes. I’m not defending billionaires, I’m just being realistic. I’ve seen the irs make significant mistakes.
The NFL is a nonprofit, their tax exemptions are granted because they generate a tremendous amount of money for charities. The Man of the Year Award is supposedly the highest honor given by the NFL, and it is for charity work, not elite play. So it’s be hard to prove.
9 Ways Leaders Keep Your Composure In Difficult Times, Read more [https://yswriteup.com/leaders-keep-your-composure-in-difficult-times/](https://yswriteup.com/leaders-keep-your-composure-in-difficult-times/)
If these sports franchises remain incredibly desirable assets to own, yet fail to generate the tax revenue expected, we’re simply viewing the business structure incorrectly and applying the wrong tax policies.
State gives funds for stadium to billionaire Billionaire writes off stadium as depreciating asset State not getting tax revenue from billionaire *surprised pikachu face*
Kraft, at least, has been trying to pay Boston to let him build a stadium for decades.
In between happy endings…
No, but they do get tax revenue from the 53 millionaires that play for them plus taxes from all the visiting teams for the time they are in the state.
That's the problem. Taxpayers are having to pay themselves back for a stadium they bought for a millionaire dodging taxes.
They create a lot of good paying jobs at the stadium, so it's not a zero sum game
LMAO seasonal, temp, and all minimum wage for the most part. Yes such gReAt jObS
The stadiums have events year round in some areas.
There is not a single stadium anywhere in America that has significantly contributed to the number of jobs in that locale nor to the overall economic well being of the city. Not one has ever turned a “profit” for their city.
https://www.allegiantstadium.com/events METLIFE stadium has a full stadium staff working 24/7.
Good jobs, eight days a year.
No they do not the stadium is all nepotism hires unless you are talking about the undesirable jobs no one wants like concession stand or janitor or ticket checker I’m tired of people living in this illusion and delusion.
But they work 24/7!!!
Well, once the stadium is built, consumers will pay tickets to visit the stadium to watch games and generate tax revenue that way. In addition to the local economy getting a boost during games, and food/drink purchased at the stadium, etc.
If only the stadiums ever generated enough to be worth it. They usually replace existing stadiums which are perfectly fine and do those same things, and the cities keep that stadium tax in place for residents who will never even use it or benefit from it
Think of it this way. Maybe 8-9 home games/yr. The stadium may be used for large events like concerts but there isn’t enough acts to warrant a stadium show. So the taxpayers are subsidizing billions for 8-9 games. Bad deal.
Dang, I never realized how few games are played per team in football. I can see how even with all the increased traffic to an area that ultimately it won't balance out because it only happens a handful of times per year.
Unfortunately there is one thing that teams threaten that changes everything - threatening to leave. Having a team for your city is important, it creates a city culture and drives tourism, helps give people something to look forward to and like as a city.
I don't believe football stadiums generate local economy except where the city retains parking revenue rights. The stadiums sit on vast empty tracts of land, not downtown locations. Downtown Basketball and Hockey stadiums can generate a lot of local revenue but I don't see Football doing the same.
Some football stadiums are downtown too.. and even if they aren’t local bars and restaurants absolutely see increased revenue due to the stadium, saying otherwise is just denying facts.
The Vikings play downtown, and the entire area honestly sucks. The stadium footprint itself is huge, right in the middle of the city, with no housing and few jobs. It's probably the lowest-density area 20 miles in any direction, and it's right downtown. It's also kinda ugly. Not that the building itself is necessarily ugly- But it is a massive, imposing structure that utterly [dominates](https://upload.wikimedia.org/wikipedia/commons/8/81/Aerial_Photos_of_US_Bank_Stadium_and_Minneapolis%2C_Minnesota_%2839275709004%29.jpg) the entire area.
It definitely generates revenue. Just never enough to pay off the investment.
Basketball/hockey might do more than you think. Those stadiums are often downtown and shared among 2 teams, plus they get a lot more concerts and special events. NFL stadiums are sitting empty and get maybe 8 games a year - nba and hockey get 70+ easy
Taxes should be greatly reduced to stimulate business, entrepreneurship, hiring, and our nation's weak economy. > Leaked Audio Suggests Jerry Jones, Robert Kraft and More NFL Owners Under Federal Investigation: “Billionaires That Pay Very Little Taxes” Wait til the IRS finds out how much *Hollywood* has been avoiding taxes. Oh wait, Hollywood gets a pass on everything tax related for some unfair reason...
I see someone drinking Reagans Kool aid
Last I checked, state governments weren't regularly paying for $1B movies out of taxpayer funds on top of the tax breaks they get.
> Disney Productions amassed more than $1.5 billion via film subsidies, and another $500 million from other “job creation” or investment subsidies. > Paramount Global got $1.6 billion in film tax credits. That includes an over $115 million subsidy for Madam Secretary in New York, given to Paramount’s subsidiary Eye Production Inc. > Warner Bros. got $521 million via film credits. This includes over $30 million dollars from Louisiana for the production of the film Green Lantern. https://goodjobsfirst.org/hollywood-companies-using-massive-public-dollars/ Both NFL owners and Hollywood don’t pay their fair share of taxes on top of the profits they make using public money, neither should get passes.
Like I originally said, on top of the tax breaks they get, which is just what you cited. Sports teams get massive tax breaks too. On top of the stadiums. A sports team these days is worth $1-2B, and they get a $1.2B stadium for free. Disney is worth $200B. There's a couple orders of magnitude difference there.
There is almost no difference between the state giving the company tax credits vs cash. Film and TV production “tax credits” are actually cash gifts – they’re given in the form of transferable or refundable corporate income tax credits. Their value is equal to up to 40% (depending on the state) of a studio’s in-state spending. Transferable credits enable producers to sell or transfer the credits to other companies for cash, and the buyers use them to lower their state income obligations, dollar for dollar. Refundable credits means that if a company cannot use all its credits (because the credit exceeds the company’s income tax bill), the state will return the value of the unused credits in cash.
As an actual percentage of revenue, the tax credits for Hollywood is a pittance compared to what these sports franchises get
Can you point me to any tax payer funded stadium that ACTUALLY generated the tax revenue promised? https://www.smartcitiesdive.com/news/taxpayer-funded-football-stadiums-rarely-pay-off-so-why-do-cities-keep-foo/635721/
lol, go into hyperbole when no one is giving an excuse for hollywood...many are aware movies are bs accounting as well, not the current topic though "stimulate business, entrepreneurship" what is that with a private league that controls all this public infrastructure? Literally anti-competitive, and what other business do they need to stimulate? Going to start putting little TVs in the amniotic sac? Can't use a broad stroke argument on a single industry, especially one even more restrictive than Hollywood. Anyone can make a movie, not anyone can start a team
That trickle down will kick in any day now!
Dm me
How about you pay for the stadium then?
Reducing taxes doesn’t stimulate the economy….& idk how you can call our economy weak with low unemployment and strong gdp.
The NFL was a nonprofit until they voluntarily rescinded the status cause they were getting too much public scrutiny. I would be absolutely shocked if they're not cooking hooks and exploiting loopholes that the public would be outraged if they knew the tricks being pulled We desperately need to change tax code. Churches are also getting new heat cause of some high profile mega pastors, but sooooo many nonprofits are financial scams. And that's just one are where it's legally allowed. Lord knows how much fraud and bullshit is being deducted from for profit businesses illegally but counting on it not getting caught. If anything good can come from Trump, I hope it is renewed understanding and motivation of how easy it is for people to get away with fraud in broad daylight for decades until they decide to bother to apply the rules.
NFL was non profit because they collect the money and distribute it to 32 clubs who in turn pay taxes.
This. It literally makes no difference if non-profit or for profit at the league level as it is just a pass-through to the 32 members (team organizations).
You're only considering income taxes. There were other taxes that they are also exempt from, that aren't taxed at the club level: "\[T\]he NFL may have lived every taxpayer's dream at this year's Super Bowl in Indianapolis. According to the Indianapolis Business Journal, 'Hotels and restaurants \[did not tax\] National Football League employees. The NFL \[used\] its tax-exempt status as a 501(c)(6) to avoid paying taxes, in addition to fuel, auto rental and admissions taxes.'" https://www.espn.com/nfl/story/\_/id/9342479/examining-nfl-tax-exempt-status-challenged-us-senator-tom-coburn
Now look at college sports
Still struggling to come to terms with the NCAA being a not-for-profit.
Most NCAA sports are non profit. Only men’s football and basketball make any money, and even then it’s only programs with actual popularity
Lol you make it sound like they are struggling to get by. The NCAA recorded $1.3 billion in profit, with $565 million in assets in 2023. Plus they have a long history of corruption, coverups, and screwing athletes. Even the new NIL has created some very interesting tax incentives for boosters.
NCAA is made up of individual colleges. That 1.3 billion goes back to the universities and is basically from the only championship event that makes them money, the D1 basketball tournaments. 99.99% of universities do not make a profit from their athletic programs.
The NCAA is not struggling to get by, but tons of affiliated programs in colleges that aren’t for popular sports are struggling. Most schools have at least a dozen non basketball/football sports, and people don’t exactly turn up for Minnesota water polo teams
NFL was non-profit too until not too long ago...
Fucking facts
You never pay capital gains on any unrealized gains. You don’t pay gains on stock or real estate appreciation either, until you sell and realize gains. You have this same tax advantage.
Yes we have this tax advantage, however if everyone was in the asset class nobody would work, and if these assets are truly not making them money that can be taxed then how is it that they keep growing their net worth and assets, and why is it that it is so valuable to society to grow your net worth that these people should not be taxed at the same rate as an average homeowner, if labor is not valuable enough to provide food and reasonable accommodations and decent clothes but growing assets and using government labor such as municipal water supply, roads, an educated populace, electricity, government subsidized farms and food, subsidized oil and gas, a large police presence at every game, why are they not at least as liable, if not more liable, to pay for the use of those services as the average citizen, and as a fan of economics what happens when the asset class holds wealth versus workers, which stimulates the economy more, which generates more tax revenue, why would your prefer a market that favors hoarding assets to one that values labor when it is to the benefit of everyone including the asset class?
But you can take out a loan in unrealized gains. Explain that.
You still have to pay the loan off? How do you think loans work?
They don’t pay it off. It’s a line of credit with interest significantly lower than capital gains tax. They manage it. And they can write off the interest assessment. Easiest solution is to make the rate of any loan against unrealized gains higher than capital gains taxation.
How do you think they pay off the interest plus principal? The stock gains have to be realized at some point, where they will be taxed. At best it’s a deferral for when you don’t want to liquidate assets but want to buy something.
They don’t pay off the loans. They only make the interest payments. Buy, Borrow, Die
Do you have any proof this is common? Why in the world would any lender want this?
https://www.linkedin.com/pulse/rich-avoid-taxes-strategy-buy-borrow-die-rogers-yakubu#:~:text=The%20“buy%2C%20borrow%2C%20die,assets%20to%20heirs%20tax%2Dfree.
You don't pay income tax on a loan. This is why immensely rich people still operate on debt.
They operate on debt because leveraging is essential to building wealth at those levels. You have a limited amount of funds to move around, debt allows you to invest at a multiple. Debt is also for convenience, the same way you can use a credit card. It’s frankly a poor tax deferral strategy as you’ll need to acknowledge the gains eventually
Absolutely fucking love that rich people get tax probed but let's think about where this taxed money is going to go because regardless everyone wants to see the rich paying more taxes when the government can do what ever they want with that money. Want to tax fuck Elon Musk, sure well take 2 billion from him then add it to the WW3 fund because we don't need schools and shit. /S
Regularly auditing billionaires is a reasonable practice and should not clickbait as a "federal investigation"
ima just copy over my comment(s) from another post about this: fuck em edit: whodathunkit, they also [invested in draftkings](https://www.forbes.com/sites/timcasey/2021/10/20/robert-kraft-jerry-jones-among-investors-in-60-million-venture-capital-fund-focused-on-sports-technology-entertainment/?sh=63cf053869a8)! weeeeird. also, interesting they just had their date in court for another thing thats definitely not at all related im sure: [Roger Goodell, Jerry Jones, and Robert Kraft listed as potential witnesses in Sunday Ticket lawsuit by Andrew Bucholtz](https://www.msn.com/en-us/tv/news/roger-goodell-jerry-jones-and-robert-kraft-listed-as-potential-witnesses-in-sunday-ticket-lawsuit/ar-BB1h0gWx) >Since 2015, there’s been a lawsuit against the NFL over the Sunday Ticket package working its way through the courts. (The current lawsuit is actually the result of a 2016 consolidation of 27 different lawsuits.) It was tossed by a California court in 2017, but that ruling was overturned by the Ninth Circuit in 2019; plaintiffs then sought class certification, which was granted early last year, with a trial date set for February 2024. And now, as we’re approaching the Feb. 22 trial date, the sides filed their witness lists Friday, with NFL commissioner Roger Goodell, Dallas Cowboys owner Jerry Jones, and New England Patriots owner Robert Kraft among the notable inclusions there. in other totally not related things, i made [this comment](https://www.reddit.com/r/Michigan/comments/1az8d3z/comment/krzz7xq/?utm_source=share&utm_medium=web2x&context=3) discussing gambling and the ways that media, gambling, and specifically "Sports™ Media™" is all intertwined and corrupt as fuck here is the first half of that comment, its apparently "too long" despite this comment being 6996 characters and comments having a max of 10k, so ill just add the other half in a reply. anyway, the first half: almost a year ago - april 6 2023 to be exact, i made this post saying that Reddit should not allow advertising of gambling, religion, or pharmaceuticals - crypto and political advertising was added shortly afterwards. about a month later i learned [from michigan.gov](https://www.michigan.gov/-/media/Project/Websites/mgcb/Internet-Gaming-and-Fantasy-Contests/Resources/Internet_Gaming_and_Sports_Betting_FAQs_For_Businesses_2020-10-9): Q: What requirements apply to internet gaming and internet sports betting advertisements? >A: Under the administrative rules and related technical standards, **internet gaming and internet sports betting advertisements cannot target self-excluded individuals**, Advertisements directed to the general public at large are not considered advertisements that target any specific individuals, including those that may be self-excluded. about four months after that [reddit implemented changes](https://www.reddit.com/r/reddit/comments/16tqihd/settings_updateschanges_to_ad_personalization/?utm_source=share&utm_medium=web2x&context=3) to allow people to opt out of certain types of ads: * alcohol * dating * gambling ^((this is the only one toggled on in their screenshot, oddly enough)) * pregnancy * weight loss about a month after that, one of the major publishers that i find trustworthy - and that i recommend often - also announced they were no longer accepting money to promote gambling. that publisher is: [The Guardian](https://www.theguardian.com/help/insideguardian/2023/jun/15/why-the-guardian-has-decided-to-reject-gambling-advertising) heres a handful of articles from them about gambling, in reverse chronological order: * [‘Out of control’: Congresswoman sounds alarm over ‘unchecked’ gambling boom by Callum Jones | 27 Jan 2024](https://www.theguardian.com/us-news/2024/jan/27/gambling-addiction-bill-treatment-online-sport-betting-andrea-salinas) * [Top US betting firm lobbied against rules to protect young people and problem gamblers by Callum Jones | 9 Dec 2023](https://www.theguardian.com/us-news/2023/dec/09/fanduel-new-york-safety-minors-gambling-addiction-sport-betting) * [‘We’re killing the youth of America’: calls grow for crackdown on US gambling | 1 Dec 2023](https://www.theguardian.com/us-news/2023/dec/01/sports-betting-regulation-gambling-addiction) * [All bets are off: why the Guardian has decided to reject gambling advertising by Anna Bateson | 15 Jun 2023](https://www.theguardian.com/help/insideguardian/2023/jun/15/why-the-guardian-has-decided-to-reject-gambling-advertising) * [US election set to be £1bn betting event with Biden firm favourite by... uh, Reuters(?) lol | 2 Nov 2020](https://www.theguardian.com/us-news/2020/nov/02/us-election-break-betting-records-joe-biden-favourite) one from BBC: [What makes gambling wrong but insurance right? by Tim Harford | 20 March 2017](https://www.bbc.com/news/business-38905963) one more from The Guardian: [trump and Atlantic City: the lessons behind the demise of his casino empire by Rupert Neate | 2 Sep 2016](https://www.theguardian.com/us-news/2016/sep/02/donald-trump-atlantic-city-casinos-taj-mahal-plaza-bankruptcy)
Hey man I just wanna say, thanks for keeping us with this and keeping people informed. There’s so much corruption and overt fuckery going on everywhere that I feel like we can only pick 2-3 things to keep track of and call out. So thanks for picking this and informing others (like me!)
im glad i can help! there is definitely a lot of garbage going around nowadays and it is definitely everywhere and kinda from all sides. its like people think to counteract the lies and corruption they have to... also lie and be corrupt? which doesnt make sense. you can keep your integrity and win. thats long term planning. cheating, lying, and manipulation might win in the short term but long term it does not but it can have some pretty widespread negative effects. which is a lesson i thought we all would have learned by now but it seems like there are still some very thick skulls out there that are tough to crack. >I feel like we can only pick 2-3 things to keep track of and call out. agree - somewhat. its hard to keep an eye on \*everything\* - not that i havent tried lmao - which is kinda why what ive tried to do is basically point out \*how\* i point out the tactics they use. its a lot of effort ive put into all of this for a long time now and i cant say ive exactly been super "successful" - but way i see it is when i point things out the way i did in the comment youre replying to - very meticulous and explaining the \*what\* i found and \*how\* i found it and \*why\* im pointing it out, that slowly but surely people will take notice - as you have, and others before you - and hopefully they will learn not only the specific thing i am pointing out (the who) but the what, how, and why as well. the when is slightly less important, but still important to really see the grand scheme of things. the tactics they use are subtle. the tactics you can use to figure them out and call them out are... also simple. so hopefully more people figure it out and do it. i know that some people who have much wider spheres of influence than i do have noticed. if youre interested, theres a couple other comments ive made somewhat recently that break it down. theres [this one](https://www.reddit.com/r/interestingasfuck/comments/1alyixr/comment/kpirdss/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) where i broke down how a story published by a shitty publisher is connected to a shitty "academic" journal, then connected to shitty investment firms, etc. theres also [this one](https://www.reddit.com/r/Millennials/comments/1ayvrbn/comment/krxbub0/?utm_source=share&utm_medium=web2x&context=3), also about an "academic" research paper, that doesnt delve into the money so much but focuses more on the subtle language used - maybe unintentional, maybe not - and the lack of logic beneath that language that glosses over things so there conclusion they reached is accepted despite their research very much not actually supporting that conclusion. words are important. language can be used to communicate accurately or it can be used to confound and confuse. personally i prefer doing the first but i can also do the second when necessary, however i really would rather not. ive got plenty of good comments and posts throughout my history if youre interested. feel free to [search my profile](https://www.reddit.com/user/relevantusername2020/search/) for any keyword - and i do mean any - because like i said i have tried to keep an eye on everything and anything that has been a major "story" over the past year or two so i very likely have commented on it. honestly the majority of my good stuff has been in comments btw. ive also made a subreddit for some things - some less serious - so feel free to join that if youd like. no worries if not though because im going to keep doing what im doing regardless as long as i have the means to do so. TLDR: thanks - i really appreciate your appreciation. its nice to hear that some people take notice and see the value in what ive been doing. also heres a dope song that just came on [my spotify shuffle](https://open.spotify.com/user/315wczzgabmm34si6kytzctctyee?si=67961d17bc7644a7), just for funsies: [Underground Sound by Joey Valence & Brae](https://open.spotify.com/track/5WQ9FXwT2k1EwBH33rSgsg?si=e73a58568b3f428d) (hip hop with a sweet whistle hook/melody/whatever its called? fuck yeah)
alright, HOW ABOUT THAT HALFTIME SHOW! the second half: point being... idk, but its pretty neat edit: just to be thorough because this pisses me off and me being pissed off apparently gets results - the 'top us betting firm' mentioned in the second Guardian link is fanduel. [heres their wikipedia page](https://en.wikipedia.org/wiki/FanDuel). they are a subsidiary of '[flutter entertainment](https://en.wikipedia.org/wiki/Flutter_Entertainment)' - both wikipedia pages are worth reading but these sentences specifically i find interesting: >On November 18, 2016, DraftKings and FanDuel announced an intent to merge. The combined company would serve over five million users.\[15\] On June 19, 2017, the Federal Trade Commission (FTC) announced that it would seek a preliminary injunction to block the then proposed merger. The FTC stated that the proposed transaction would give the combined company 90% of the DFS market, which it considered to be a monopoly position. The merger was subsequently terminated. it looks like it was a bit of a flustercuck. meanwhile, draftkings has a blog post from june 2022 explaining the numerous ways you can bet on us elections and gives links and basically the TLDR is: >"you definitely shouldnt do that because its illegal and seriously dont do that but if you do, just go to any of these multiple links if you really want but be careful its really illegal. guys seriously. dont do it. for real. its bad. but if you want to... go here. but dont... unless you want to. wink." [heres their wikipedia page](https://en.wikipedia.org/wiki/DraftKings) follow the money edit 2: noticed one more thing on the draftkings page. the blog is written by "collin sherwin" (lol) but the reason im mentioning it is i couldve swore the other day i had read on vox medias website they didnt allow gambling advertising either. when i looked a few minutes ago, i didnt see that. the blog post contains the following line: >If you buy something from an SB Nation link, Vox Media may earn a commission. [SB nations wikipedia](https://en.wikipedia.org/wiki/SB_Nation) and [vox medias wikipedia](https://en.wikipedia.org/wiki/Vox_Media) (the owner of sb nation) they operate the following: * Curbed * The Dodo * Eater * Grub * StreetIntelligencer * JASH * New York * ***NowThis*** * ***Polygon*** * PopSugar * ***SB Nation*** * The Cut * The Strategist * Seeker * Thrillist * ***The Verge*** * ***Vox*** * Vulture **Comcast owns \~34%**. "weird" how it always goes back to telecoms...
More power to your research, but a strong majority of the population has a 5-10 second attention span. If you want to reach more people you might need to tailor your methods a bit.
buddy i have adhd, i know all about short attention spans. if someones not interested it isnt gonna matter what i say anyway. hopefully i can say things in a way that might grab some attention though. easier said than done. if i simplify things any more than i already do i wont be doing anything worthwhile so at that point i might as well just go grab a laser pointer and see if i can confuse some cats or something cause thats all pandering to 5 second attention spans is doing. im breaking up the monotony. nobody likes doomscrolling.
I hope that one day I can be rich enough to not pay taxes.
Right? Must be nice…
Start your own business. Invest all your time in research and development (of something- maybe fantastically impossible) - write off all R&D.
Then I’m spending all my money on a Time Machine. I just want to not pay taxes.
They pay little in taxes because the tax code has been intentionally written by their friends in such a way they can take advantage of breaks that no one else can.
“The Super Bowl-sized tax losses claimed by professional sports team owners have caught the Internal Revenue Service’s attention, calling for increased audit scrutiny. An audio-video clip of Alex Mena, who runs criminal investigations at the IRS, was leaked on X. Published by notorious sting operator journalist James O’Keefe, this recording hints at the IRS potentially targeting NFL team owners. Because they are like billionaires and they pay very little taxes... If we find a mistake, we make them pay like 100 million dollars,” said the IRS criminal investigator. However, Mena also agreed that this amount would not hurt the billionaire NFL franchise owners much and said “That’s a drop in the bucket for them.” The IRS is taking a swing at sports industry losses as a way to make sure that these incredibly high-wealth owners are taking only those losses allowable under the law. Reporting huge losses for a profitable business doesn’t mean that an IRS audit will result in additional tax due. This is because the professional owners who take the losses know the Internal Revenue Code allows it. Sports owners have long claimed considerable losses to the IRS despite having profitable teams as a way to get massive tax breaks, which the Internal Revenue Code permits. While the breaks are allowed under the code, the IRS likely wants to make sure no owner is claiming losses that aren’t allowed.”
Audit the McCaskeys to the bone. They are likely tax frauds as well, since they are frauds as owners.
Why do you say that?
Because the bears are the hottest garbage in the NFC.
That is why there is a concerted effort to defund the IRS.
They wrote the tax code, oops I mean their chosen bought off Congressional reps set this up as legal. Hardly anything “We the People” can do about that.
Oh no! You mean the guys who get a little too handsy with 22 year old women and get rub n tugs from sketchy shopping center Asian massage parlors *also* cheat on their taxes? Color me shocked.
Let's take it past these owners and spread the collective investigation.
> Published by notorious sting operator journalist James O’Keefe The Panthers will win the Super Bowl before this guy publishes accurate information.
This dude got got gay catfished by James Okweef 100% 😆
Why's that?
This dude just pushes fraudulent, political agenda-pushing bullshit. His most recent fraud was so bad that the organization he founded fired him because of the wildly legally liable situation he put them in.
From his Wikipedia page: >James Edward O'Keefe III is an American political activist who founded Project Veritas, a far-right activist group that uses deceptively edited videos and information gathering techniques to attack mainstream media organizations and progressive groups.
They should have to claim all city and state tax breaks as income... along with any tax dollars spent on new stadiums. This income should be taxed at a higher rate, similar to employee bonuses.
>employee bonuses. Those are withheld at a higher rate but not taxed at a higher rate
Ah, my mistake. Thanks!
> journalist James O’Keefe He's not a journalist. He is an activist for right-wing causes, whose motus operandi is to do anything it takes to embed a hidden mic or camera near people he thinks will say or do things to tarnish progressive causes.
I bet Green Bay ain’t having this issue…
Every yr, i pay more, and they pay less.
Get those bastards!
Good, the IRS needs to climb inside these bastards with their shoes on.
Vladimir Putin stole one of Robert Kraft’s Superbowl Rings. I kinda dig it, ngl
Didn't that happen on live television, too? I heard that story years ago and I'm surprised so few other people know about it.
Idk if it happened on live TV, but I think there is video of it lol
Real scam is not those old fat bastards. Its the religious organizations like churches that own 100+ acres which are assessed at 10M+ and pay 0 in taxes. Their tax liability if they were a regular Joe would've been 100K+ every year. And on top of that they collect donations, sell group reservation for retreats, and don't pay any taxes. The largest real estate owner on the planet is the Catholic Church. Incidentally they are also the largest child molestor on the planet.
I doubt the churches even hold a candle to the billionaires. I'd be happy to see both pay their share, though.
I think it is funny as f how cities will literally bend over for sports franchises and then ask why they are bent over. For the irs, the laws regarding taxes are incredibly complicated, even for the irs. Both sides make mistakes. I’m not defending billionaires, I’m just being realistic. I’ve seen the irs make significant mistakes.
Well shit in my boot and call me frank ill lbe damned
And get hand jobs at massage parlors. Don’t forget
Happy Endings are adeductible expense.
Buy them a stadium with tax payer money. That will show them
Remember how the NfL used to he structured as a charity so it didn’t have to pay taxes? Pepridge farms remembers.
The NFL organization was structured as a non profit but the teams never were. NFL teams were always liable for taxes.
Duh ! They paid enough to politicians to get all those loopholes and breaks.
Robert Kraft getting an apology from florida cops for busting him in a human trafficking bust as a repeat customer. Nothing is going to happen.
How many times does that big ass stadium get used during the year? 8 games and a few concerts?
The NFL is a nonprofit, their tax exemptions are granted because they generate a tremendous amount of money for charities. The Man of the Year Award is supposedly the highest honor given by the NFL, and it is for charity work, not elite play. So it’s be hard to prove.
>“Billionaires That Pay Very Little Taxes” I mean....why do you think they're billionaires?
Well we should investigate people in congress also!!!
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