Results 1 to 12 of 34
Thread: NFL doesn't pay taxes??
Threaded View
-
10-10-2013, 05:52 PM #20Legendary RSR Poster
- Join Date
- Aug 2007
- Location
- Houston, TX Y'all
- Posts
- 34,414
Re: NFL doesn't pay taxes??
They collected $7 Billion in TV revenue last year ....
http://www.bloomberg.com/news/2013-0...n-economy.html
That was split amongst the teams. Perhaps we're arguing the same thing here and saying it in different ways.
And no, they cannot invest in the sense you're speaking of. They can use procured funds to improve business conditions (i.e. invest in themselves via hire refs, supply them new equipment, etc) but they cannot make a stock investment or anything similar. That crosses the line the IRS calls the "Line of Business".
Bookmarks