![]() It is a designation some call "a glorified tax shelter," via The Star Ledger's Dave D'Alessandro. The number of potential write-offs and "creative accounting" smudges on the general ledger grow immeasurably with this designation. Let's get one thing straight: NFL owners didn't get to be NFL owners by being dummies in business. Marketplace Fairness Act which would make IRS code 1986 " exclude major professional sports from qualifying as tax-exempt organizations." In late April, Oklahoma senator Tom Coburn (R) introduced an amendment to the U.S. It's why you won't go one Sunday in September without seeing a few Play 60 commercials sponsored by the league.Īt least one person is at odds with this designation. This is why teams can find ways to secure public funds for the building of stadiums and receive property tax breaks on the land on which they are built.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |