NFL: Nonprofit Football League
Thank you Linda Woolard for bringing to my attention that the NFL, a $9.5 BILLION/year industry, pays NO federal taxes. I was in disbelief as I read this information on a petition to change its status on Change.org. Are you kidding me? So basically while budgets for schools and public services are gutted and while Louisana tax payers paid 1 BILLION dollars to have the Superdome renovated, the NFL pays NOTHING into the system. Zero. Zilch. Nada.
Now please do NOT get me wrong. I LOVE football and I LOVE my New Orleans Saints. I bleed black and gold. However, I think it’s tragic that this long overdo perk is still around. It all goes back to when the NFL was up and coming, the government saw a reason to give it a leg up and helped it out with non-profit status. That day is long gone and the NFL has thrived to become America’s richest sports league. The NFL doesn’t pay a dime but reaps hand over fist of the money it refuses to pay into.
Just last year the Virginia Governor, Bob McDonnell, took $4 million of tax payer money and handed it to the Washington Redskins for the team to upgrade a workout facility. The Minnesota legislature took $506 million from its taxpayers (even though the state is facing a $1.1 billion budget deficit) to pay for a new stadium because the Vikings wanted it. Washington State taxpayers provided $390 million for Seattle’s CentryLink field paying for well more than half of the cost. Oh and let’s not forget to mention Jerry Jones would owe at least $6 million a year in property taxes for his stadium. Instead he got a sweetheart of a deal and doesn’t get a property-tax bill, resulting in Tarrant County having to tax the property of average people more than it otherwise would. And the list goes on and on and on.
Thankfully Senator Tom Coburn introduced a bill that would strip the NFL and other organizations from its tax exempt status. He estimates such a move could generate 91 million dollars of federal revenue every year! And we couldn’t use that money why?? The NBA and MLB gave up their right for non-profit in 2007. It’s time the Nonprofit Football League follows suit.