The Tax Exempt Status of the NFL
Yes, the NFL is exempt from federal and state taxes. From RT America:
Since 1966, the National Football League has been considered a nonprofit entity, exempted from paying federal and state income taxes as part of the 501(c)(6) tax code. Meanwhile, executive salaries, such as that of NFL Commissioner Roger Goodell, are upwards of $30 million. So how did such a tax status come about and does it hold up today? RT correspondent Meghan Lopez reports.
More from breakingtheset:
Abby Martin speaks with RT correspondent Meghan Lopez about the NFL’s tax racket, including their non-profit status and taxpayer funded stadiums.
Source: http://rongstad.blogspot.com/2013/11/the-tax-exempt-status-of-nfl.html
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