Examining NFL's tax-exempt status
Sen. Tom Coburn has proposed an amendment to the Marketplace Fairness Act that would end the NFL's exemption from taxation. That's right -- the $10 billion-a-year NFL is a tax-exempt organization, as is the NHL and the PGA Tour.
Before you start comparing the NFL to the American Red Cross, it's important to know how and why the NFL is a tax-exempt organization. According to league spokesman Brian McCarthy, the NFL is organized as a trade or industry association that is ...
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