General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhisp
(24,096 posts)o.my.gawd
indepat
(20,899 posts)in food stamps. Promoting the general welfare on steroids?
Whisp
(24,096 posts)thanks for that info!
rhett o rick
(55,981 posts)as well as the president.
former9thward
(32,132 posts)They lost $77 million. They lost $52 million the year before. They would not have paid taxes either year no matter what their designation.
http://www.guidestar.org/FinDocuments/2012/131/922/2012-131922622-0907a8cd-9O.pdf
jakefrep
(3,982 posts)And if that did happen, the NFL could reorganize in fairly short order as a Limted Partnership or S-Corporation (for-profit entities which are also not taxed - these are organization structures used by thousands of small businesses) with the 32 teams (all taxable entities themselves) as equal partners. It would not surprise me if the rough draft of the necessary paperwork is tucked away somewhere, just in case.
The NFL as an entity was formed to negotiate TV and licensing contracts, collect the revenues from those contracts and distribute them equally to all the teams. They're not holding on to the money. The teams, their owners, the players, and the commissioner all pay taxes on their earnings.
Fred Sanders
(23,946 posts)have a back up plan, the protections need to be layered in case of populist assault when discovered.
Cha
(297,983 posts)the "non-profit" status of the NFL! What is this.. a joke?!
I worked for a non-profit and our prices aligned with our tax-exempt status.
Then you have big mouths like John Elway, GM of the Broncos, speaking out before the Super Bowl that he doesn't believe in "safety nets".
Whisp
(24,096 posts)KoKo
(84,711 posts)ThomThom
(1,486 posts)institutions that support their industries and are non-profit. The football teams are the corporations that make tons of money. All except the salary of the commissioner in the above pictures are from football teams, there is a big difference. Yes, if that is his salary he is over paid as are most top level execs.
Mr. Mustard
(63 posts)Great cartoon and thanks to its creator.
I believe the NFL should be our example, the 99% rallying cry. We should be shouting from the rooftops how this supposed wholesome, family entertainment entity (who oh so honors the troops, by the way) is a wicked, ruthless corporation milking the system and stealing from hard working Americans.
Imagine if Americans decided the NFL was corrupt and I think it can be done. America is sports crazed, and many enjoy football. If we can get through to low information voters how they rig the system by taking our tax dollars (stadiums built), receive favorable tax laws (anti-trust regulation) and are classified as not for profit, then I think it could be a winning issue.
In addition, the sleazy behavior by the "saintly" NFL to cover up the concussion tragedies so they would lose a few dollars from their billion dollar empire may shock those pure Americans, if you know what I mean.
The NFL is socialist too, by sharing all television revenues among the 32 teams.
The NFL tried to bully the referees by locking them out, so the cruel NFL didn't have to pay a few dollars towards pensions.
It is well known how the NFL treats its active players and their union, but now they knowingly went "nuclear" to cover up the health issues of veteran players.
This is sick, and I am f*cking sick of them and this accepted practice of billionaires taking American tax dollars then screwing honest Americans when they have earned a paycheck, need a doctor and want a dignified retirement.
The National Football League is another giant a**hole corporation stealing from Americans. Their product injures and kills their employees just like Big Tobacco Companies. When the time comes to take a penny from a billion dollars, this NFL ruthlessly goes after those "family" members and tried to shut them up and out.
Once again, and all together now - "The National Football League is like Big Tobacco". F*ck the NFL.
dreamnightwind
(4,775 posts)also it would be a great way to alienate all of the joe and jane sixpacks out there who we need to win over.
Much better to make common cause with those people against campaign contributions and against the out of control influence of the financial corporations and other large multinationals. You want to take on the NFL, fine by me, it just seems like a poor choice strategically.
Mr. Mustard
(63 posts)Not suggesting we take on fans, just use NFL as example of corruption, greed and corporate's lack of concern for the country that supports them.
Think it may resonate with those very fans.
May not work, but then again it may.
Banks, health care, military don't seem to matter - maybe the sacred world of sports will shock them into understanding.
dreamnightwind
(4,775 posts)AgingAmerican
(12,958 posts)nt
kelliekat44
(7,759 posts)MindMover
(5,016 posts)Recursion
(56,582 posts)The NFL per se just manages the rules of the game. The teams are where the money is.
Fred Sanders
(23,946 posts)it all legal. What are you going to do about it?
Change the system?
Do not make me laugh, I pay people to do that for me.