Friday, May 1, 2015

NFL to drop tax-exempt status

The good news is: the National Football League will voluntarily abandon its indefensible tax-exempt status and start filing tax returns with a check enclosed—at least a small check, assuming that NFL lawyers can’t legally hide all of its income.

Major League Baseball, the National Basketball Association and NASCAR already file as for-profit organizations.

The bad news is: NFL Commissioner Roger Goodell and other execs forgot to mention that a primary reason for their decision is to avoid filing detailed non-profit tax returns that include disclosures like Goodell’s annual salary ($44 million in 2012) and the fact that six other execs are paid more than $1 million and the fact that 298 employees make $100,000 or more.

Here’s my question: would they do the same job for a little less? Would Goodell put his whole heart into it for a mere $40 million?

Copyright © Richard Carl Subber 2015 All rights reserved.

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