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Senator Coburn introduces legislation to remove tax exempt status for NFL, other sports leagues

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CuriousLurker4/25/2013 6:02:39 pm PDT

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.