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"I could buy you." - The Village Idiot -
The NFL and NCAA are nonprofit associations.Originally posted by Riccardo View Post--
Your Retarded -
NCAA makes sense, but not the NFL
has to be a tax loophole scam"I could buy you." - The Village IdiotComment
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How can a nonprofit
also be officially ruled a monopoly??Originally posted by Riccardo View Post
Something doesn't make sense."I feel much better now that my pants are on."- overheard conversation at a GayteComment
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I think it's part of how they get around anti-trust laws but I'm not sure.Originally posted by Riccardo View Post--
Your RetardedComment
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I wonder how this works for charitable donations. The teams themselves are likely for-profit so buying tickets to games probably can't be claimed.Originally posted by Riccardo View Post
What about buying tickets to the Super Bowl - especially all of the corporate tickets? Or what about and dues/fees that individual teams pay directly to the NFL? I wonder if that can be written off.--
Your RetardedComment
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there is a difference between a 501(c)3 and 501(c)6. Namely, you cannot deduct donations. The NFL itself really is just the organization of several for profit businesses and frankly, it really can't exist without some anti-trust benefits (or at least that's what we're told).
Whether that's true or not, is certainly up for debate, but to call the NFL a charity in the sense that a 501(c)3 organization is, is not correctComment
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Much ado about nothing - the individual franchises get most of the money that flows through the NFL entity - and the teams are taxed.Last edited by Bardy; 01-22-2014, 02:54 PM.
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Looks like the PGA is pulling the same scam
"I could buy you." - The Village IdiotComment
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what scam? The IRS approved their registration
EDITED to add: If you're complaining about donations not being enough, I get that. There's lots of issues wrong with charitable donations and how money, once donated, is handled.Last edited by JuTMSY4; 01-22-2014, 02:58 PM.Comment
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Ok..answered my own question
2010 The NFL was deemed not to be a single entity but a " cartel" of 32 individual businesses ....thus being subject to antitrust laws...which explains the above article....blah blah blah.Originally posted by Raptor View Post"I feel much better now that my pants are on."- overheard conversation at a GayteComment
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So can I create the PCA (Professional Chumps Association)
Make it non-profit, pay myself a huge salary and give 1% to charity? If so I'm there"I could buy you." - The Village IdiotComment
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consult a tax lawyer
but it's not like this hasn't been done before...Comment
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