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Why Does the NFL Deserve Tax-Exempt Status?

 
More_Insanity
User ID: 4563101
United States
03/10/2012 07:05 PM
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Why Does the NFL Deserve Tax-Exempt Status?
You may not know it, but the National Football League is a nonprofit organization. It may seem absurd that a collection of teams that generated at least $9 billion in revenue last season would be given tax-exempt status, but the NFL is technically classified as a 501(c)6 organization. Here’s how the IRS describes 501(c)6 tax-exempt status:

Section 501(c)(6) of the Internal Revenue Code provides for the exemption of business leagues, chambers of commerce, real estate boards, boards of trade and professional football leagues, which are not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual.

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