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number1stumbler t1_j7r4og1 wrote

Reply to comment by predictingzepast in How the NFL avoids paying disabled players — with the union’s help by washingtonpost

Too late, they gave up tax exempt status and will take advantage of the fact that as a private company, they can now keep all their affairs private: https://www.brysonlawfirm.com/news/122-touchdown-pay-up-nfl-is-a-nonprofit-no-more.html

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predictingzepast t1_j7r9naf wrote

I'm really out of the loop, but knowing the NFL intentionally gave up tax exempt status and is paying 10mil in taxes on 10billion a year revenue, that doesn't make me feel much better..

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P1mpathinor t1_j7reaz0 wrote

Nearly all of the profit just gets passed on to the individual teams, who pay their own taxes on it.

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mikebailey t1_j7s3esl wrote

Laughs in Dan Snyder

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HenryKushinger t1_j7vf1jr wrote

What's the voice behind Master Shake and Granny Squid have to do with the NFL?

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kingjoey52a t1_j7ssjqa wrote

The NFL only pays that much in taxes but half that revenue goes to players (and is taxed) and the other half to the teams (and is taxed). The league was never meant to make money, it’s basically the collective bargaining group for the teams that make money.

Edit: and I don’t think they were ever a charity, just a non profit because all their “profit” goes to the teams.

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