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Corporate welfare
What's up w/ the NHL, NFL, LGA, PGA having tax exempt status. These are all billion $ profit making organizations,
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Bill Verburg '76 Carrera 3.6RS(nee C3/hotrod), '95 993RS/CS(clone) | Pelican Home |Rennlist Wheels |Rennlist Brakes | |
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01-25-2014, 07:47 AM
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FUSHIGI
Join Date: Feb 2006
Location: somewhere between here and there
Posts: 10,752
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might as well throw in universities and churches too.
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01-25-2014, 07:53 AM
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Registered
Join Date: Sep 2009
Location: North of You
Posts: 9,160
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I believe the NHL as a league does not actually 'make money'.
They cover costs and distribute profits to the teams, which becomes taxable income. I believe only the leagues are tax-exempt, not the individual teams. (I think).
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"A machine you build yourself is a vote for a different way of life. There are things you have to earn with your hands." Last edited by 1990C4S; 01-25-2014 at 09:01 AM.. |
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01-25-2014, 08:58 AM
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Registered
Join Date: Nov 2007
Posts: 6,274
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The welfare system is corrupt on both ends of the spectrum.
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01-25-2014, 02:54 PM
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Registered
Join Date: May 2011
Posts: 7,245
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And it is interesting how those sport enterprises distribute their tax benefits:
US Map of the Highest Paid Public Employees by State: 
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79 SC Targa 72 T Targa Sold 68 T Coupe Sold 65 912 Coupe Sold 62 356B Coupe Sold |
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01-25-2014, 06:27 PM
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Registered
Join Date: Jul 2005
Location: Reno, NV
Posts: 5,941
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him the basketball coach in Mi is Izzo,, worth every penny!!! Go spartans!
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"Todd" 98 Tahoe ,2007 Saturn Vue 86 930 black and stock, 80 930 blue tracdog 91 Spec Miata (yeah I race a chick car) "life"ll kill ya" Warren Zevon |
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01-25-2014, 07:34 PM
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1976 Porsche Carrera 3.0
1995 Porsche 993 Carrera Coupe
