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1 EPR-radar  Thu, Apr 25, 2013 5:03:33pm

This is strange. It’s not like Coburn is some moderate RINO. He’s hard core conservative.

A stopped clock moment, I suppose.

It will be interesting to see if this goes anywhere. I suspect it is actually dead on arrival in Congress.

2 CuriousLurker  Thu, Apr 25, 2013 5:41:27pm

Wow, I had no idea the NFL was tax exempt.

3 kirkspencer  Thu, Apr 25, 2013 5:47:16pm

re: #2 CuriousLurker

Wow, I had no idea the NFL was tax exempt.

Yep. And as noted, the NBA, PGA, MLB, NHL, and every other major sport is as well.

4 EPR-radar  Thu, Apr 25, 2013 5:55:20pm

re: #2 CuriousLurker

Wow, I had no idea the NFL was tax exempt.

Ending this tax exemption for professional sports leagues is likely to be a non-starter with the GOP leadership, since new revenue is forbidden.

This is also an excellent illustration of the old Leona Helmsley line: ‘taxes are for the little people’. You need to be pretty rich and powerful to get a highly profitable enterprise ‘legally defined’ to be a tax-exempt non-profit.

5 CuriousLurker  Thu, Apr 25, 2013 5:56:50pm

re: #3 kirkspencer

Yep. And as noted, the NBA, PGA, MLB, NHL, and every other major sport is as well.

Yes, I saw that and find it mind boggling.

6 Cap'n Magic  Thu, Apr 25, 2013 5:59:33pm

Every once in a while Coburn takes a look at reality - and being a doctor, knows that the patient (in this case, the sports enterprise) is addicted (in this case, to tax-exemption), his Christianism notwithstanding.

Now if Coburn really had the cajones, he’d go after them for their anti-trust exemptions as well (The USFL won a pyrrhic victory against the NFL for anti-trust; it wasn’t for Trump and his idiotic insistence to shift the schedule to September they might have stood a chance at surviving.)

7 CuriousLurker  Thu, Apr 25, 2013 6:02:39pm

re: #4 EPR-radar

Ending this tax exemption for professional sports leagues is likely to be a non-starter with the GOP leadership, since new revenue is forbidden.

This is also an excellent illustration of the old Leona Helmsley line: ‘taxes are for the little people’. You need to be pretty rich and powerful to get a highly profitable enterprise ‘legally defined’ to be a tax-exempt non-profit.

I’m sure you’re correct about it being a nonstarter with the GOP. It really blew my mind to find out that they’re classified as non-profits—I would’ve never guessed it in a million years.

8 Cap'n Magic  Thu, Apr 25, 2013 6:32:54pm

re: #7 CuriousLurker

That’s why it takes someone who has a real sense of the sports business and the required talent to succeed in managing a professional sports franchise. Screw up bad enough and the owners wind up selling. The NFL and MLB are the best at this game, followed by the NBA, and lastly the NHL (whose on the hook for at least one or more failing franchises.)

9 EPR-radar  Thu, Apr 25, 2013 6:37:51pm

re: #8 Cap’n Magic

That’s why it takes someone who has a real sense of the sports business and the required talent to succeed in managing a professional sports franchise. Screw up bad enough and the owners wind up selling. The NFL and MLB are the best at this game, followed by the NBA, and lastly the NHL (whose on the hook for at least one or more failing franchises.)

The professional sports business model often has irritating features, like securing serious subsidies from local taxpayers (e.g., stadium deals). I fail to see why public subsidies are needed for a profit-making enterprise.

Big time college sports is worse, because they pretend to be non-professional, but its still all about the money.


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