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NEW CONTENT MOVED TO MIDDLEBORO REVIEW 2

Toyota

Since the Dilly, Dally, Delay & Stall Law Firms are adding their billable hours, the Toyota U.S.A. and Route 44 Toyota posts have been separated here:

Route 44 Toyota Sold Me A Lemon



Wednesday, April 29, 2015

VICTORY: Under pressure, NFL forfeits its tax-exempt status






Send in the LOBBYISTS, stroke a few egos, make generous campaign contributions and VOILA!



What a pity the Business-Controlled GOP Controlled Congress can't ACT!





Comments on facebook:


Evans Janet
Now let's do the same for corporations and churches!!


Ross Bowman Jr.
There are certainly "for profit" churches, especially those Evangelical ones in the south. Like anything there would need to be a threshold of income vs taxation, and you could still deduct charitable work.

Lauren Root
Now for the corporations and billionaires...and some churches (those who preach politics and have state of the art sound systems, lighting, stages and use the media to make money)

Don Schmidt
This only affects the league, not the teams. Teams are separate for profit entities that make their major money by the tax deductible depreciation of their players. When some accountant designed a depreciation schedule for players, and the IRS didn't win, the value of the franchises exploded. Now, the Chamber of Commerce uses the same tax code section to maintain their exemption from federal and state income tax. The NFL isn't the only big money entity using tax code section 501c4 to avoid taxes.

VICTORY: Under pressure, NFL forfeits its tax-exempt status

This is huge: The NFL just announced that it is giving up its tax-exempt status and will begin to pay its fair share of taxes.1

This wouldn’t have happened without the hard work and persistence of activists like you. More than 434,000 CREDO activists have taken action over the last two years to pressure the NFL to give up its tax exempt status.

This isn’t just a win for taxpayers across America. This victory proves that when progressive activists fight for what’s right, we win.

Help us spread the word about this important victory.

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Here are a few highlights of what we did to pressure the NFL to give up its tax-exempt status:
  • January 2014: Over 210,000 activists signed a petition launched on CREDOMobilize.com, urging Congress to revoke the NFL's tax-exempt status and demand it pay its fair share.

  • September 2014: After numerous cases of domestic violence involving NFL players came to light, more than 117,000 CREDO activists called on Congress to pass Senator Cory Booker's legislation that would strip the tax-exempt status from the NFL and channel those tax dollars to fund domestic violence programs across the country.
  • February 2015: Just after this year's Super Bowl, more than 211,000 CREDO activists called on House Oversight Committee Chairman Jason Chaffetz to force NFL Commissioner Roger Goodell to testify before the House Oversight Committee about the NFL's non-profit status.
CREDO activists were a major part of this victory. Thank you for everything you did to help win this fight.

Heidi Hess, Campaign Manager
CREDO Action from Working Assets

References:

1. Lucy McCalmont, "NFL Voluntarily Ends Tax-Exempt Status,"Huffington Post, April 28, 2015.





 

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