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C

celestemekent

Banned
#1
Sep 7, 2012
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#1
GOP Senator Slams Pro Sports Leagues For Using Non-Profit Status To Avoid Paying Taxes

By Travis Waldron on Oct 16, 2012 at 3:55 pm
Oklahoma Sen. Tom Coburn (R) is out with the latest edition of an online chronicle of wasteful government spending, and he is taking aim at several of America’s professional sports leagues. Coburn objects to the fact that the leagues are classified as tax-exempt non-profit organizations, even as they rake in millions of dollars in profits.
The National Football League, National Hockey League, and Professional Golfers’ Association, according to Coburn’s report, could be costing taxpayers at least $91 million a year because of their tax-exempt status, even though they generate billions in revenue, millions in profits, and pay their top executives multi-million dollar salaries:


Think Progress reported. What Coburn did not report was that each and every team, player and coach all paid their taxes according to their ability.
 
J

jimmydiggs

Guest
#2
#2
So, are you saying sports organizations paying taxes is a bad thing?
 
C

celestemekent

Banned
#3
Sep 7, 2012
532
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#3
Well Tom Coburn says that they should...frankly I'm not so sure. The league itself owns the copy rights and sells/controls the broadcasting rights they do have many charitable events/giving. I wonder if Mr Coburn would complain about the Red Cross for instance since they are a big organization pay their executive big salaries AND they are a tax exempt corporation too.
 
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