2 ms·
> US Football league NFL, are "non-profit" This is not true now, and arguably never was (at least not with the intention it's generally applied). The NFL reli
by bmelton 4y ago
> US Football league NFL, are "non-profit"
This is not true now, and arguably never was (at least not with the intention it's generally applied).
The NFL relinquished its tax exempt status in 2015, but even before that the NFL was not a 501(c)(3) but a 501(c)(6) (a trade organization) -- for interests of fairness (proven more necessary recently by actions of the Washington Commanders) the NFL collected ticket moneys and broadcast earnings and then distributed the money to the teams, where it was taxed. Without that, they'd have been taxed on the collection and on the disbursement, which would have meant that the teams were taxed twice.
There are, to my opinion anyway, better reasons to be mad at the NFL than as a tax dodge, because they weren't ever particularly good at meeting the definition.
https://www.snopes.com/fact-check/tax-season/ https://www.snopes.com/fact-check/tax-season/
- mistrial9 4y agodoes a 501(c)(6) file a form 990-T ?
- mistrial9 4y ago> This is not true now, and arguably never was you mean to say in your first breath that the 501(c) series of US IRS tax structures are not called "non-profit" but then in the next breath confirm that the NFL was in fact 501(c)(6) ? I do not say I was "mad" so, let's not include that as a summary of what I wrote, eh?
- bmelton 4y agoApologies for failing to quote the entirety of relevance. My statement isn't that they aren't a non-profit, but that their status as a non-profit isn't particularly suitable for inclusion in a case of "dark corners" of non-profit organizations. If that wasn't what you were trying to do, then I apologize for letting my confirmation bias get in the way of more accurately addressing the criticism.