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The NFL—Nonprofit, Tax-Exempt

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Unlike Major League Baseball—which pays federal taxes—the National Football League, which gained tax-exempt status in 1944, does not pay federal taxes. The league itself is nonprofit, tax-exempt.  Notwithstanding that taxpayers fund most stadium costs, television images made in those publicly funded stadiums are privatized, with all gains kept by owners. And yes, NFL commissioner Roger Goodell reportedly earned $44 million last year,

But look at it this way: as Fred Barbash of the Washington Post noted, if Congress were to revoke the NFL’s nonprofit, tax-exempt status, it just might have to revoke the nonprofit, tax-exempt status of the National Hockey League and the Professional Golfers Association.

Is there any person outside of Washington’s elites who thinks we do not need tax reform in this country—a simpler federal tax code that would eliminate subsidies, loopholes and special breaks?

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Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.

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