https://www.publicsource.org/why-is-the-nfl-a-nonprofit/
The total revenue of the NFL has been steadily increasing over the years, with a significant drop in 2020 due to the impact of the COVID-19 pandemic12. Here are some figures:
2001: $4 billion
2010: $8.35 billion
2019: $15 billion
2020: $12.2 billion
2021: $17.19 billion
2022: $18 billionEvery dollar of income generated through television rights fees, licensing agreements, sponsorships, ticket sales, and other means is earned by the 32 clubs and is taxable there. This will remain the case even when the league office and Management Council file returns as taxable entities, and the change in filing status will make no material difference to our business.
no longer a non-profit but no less hypocritical
Even if it was for profit company and it paid out all the surplus earnings to shareholders (owning clubs), it would be taxed zero on zero earnings (they'd just have to ensure all payouts happen within the calendar year).
Guess, what - you missed the loophole.
Take a look at Sarah Palin's Daughter's' charity foundation Against Teen Pregnacy - founded after she, herself, was impregnated as a teen and it was a scandal on Sarah Palin's political shenanigans.... (much like boabert - his Drug/Thievery ~~guild~~ Addiction Foundation, soon to follow)....
Sarah Palins daughter got pregnant as a team, caused shame on the campaign - and started a foundation to help "stop teen pregnancy"
Then when the 503 filed, it was revealed that the Daughter was being paid ~$450,000 a year plus expenses from "managing the foundation" for the donations they solicited.
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If you dont know how "foundation" is the Secret Financial Handshake For "Yep, Ill launder money for you, and you launder money for me!... donate to my TAX DEDUCTABLE FOUNDATION/CHARITY... and Ill do the SAME to yours with the Money you "donated" to me! (excluding my fee of course)
This is literally what Foundations do.
(if you have never looked into the SEC filings for the Salvation Army (I have read some of their filings cover to cover.... biggest financial scam charity in the country, whos finances are available...)
money laundering is a game. Like Polo.
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>>>The company remains governed by the nonprofit and its original charter today. "
https://i.imgur.com/I2K4XF5.png
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NFL can achieve the same taxation level as a for-profit if it's more careful about distributing all surplus earnings before the end of the year.
Someone could certainly abuse the non-profit status there too, but nobody brought those cases up.
tone is the one thing AI has yet to solve.
(plus intoning and atoning... AI has yet on these little Jungians)
How do I form my own Church of Sam. Why would I pay taxes when people believe in me?
