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In 2015, the NFL chose to end their long-standing status as a tax exempt organizations. This was a good PR move, but an important asterisk to their generosity is that they can invoke their tax exempt status at any time. They chose not to invoke it recently, but that doesn’t mean they can’t.
Other large sports organizations like the NHL, PGA, and LPGA all take advantage of this loophole despite being extremely profitable.
Representative Matt Gaetz from Florida has asked that the PRO Sports Act be included in tax reform. This is a good idea that I wholeheartedly support. There are thousands of organizations in America not only shouldn’t be tax exempt but that use the money they save for political purposes. They go far beyond kneeling during the National Anthem. They all need to addressed at some point, but for now it’s good to see Representative Gaetz tacking one such loophole.
Read his write-up on his proposal at Daily Signal, then contact your representatives and let them know you support the plan:
My Bill Would Stop Tax Dollars From Subsidizing the NFL
In 2016, the Joint Committee on Taxation estimated that the PRO Sports Act would bring in over $150 million in new revenue. With America $20 trillion in debt, every dollar helps—and, more importantly, it restores some fairness to the tax code.
If players choose to protest, then I can choose not to watch. It’s as easy as turning off the television. But the tax code means that all taxpaying Americans are financially supporting pro sports, whether they want to or not.
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