Quote:
Originally Posted by sammyg2
Yes, they do. That's how a trade organization works. The NFL doesn't actually MAKE money.
It takes in revenue and pays salaries, costs, overhead, and whatever is left goes to the players and owners WHO PAY TAXES.
There is not a great big ole pipe O'money that is not getting taxed. There is not a great big pile of someone else's cheeze out there that you are getting cheated out of.
Does anyone out there think that corporations do not pay dividends to shareholders to maintain tax levels at reasonable levels?
If a corporation pays all of it's net income in dividends then it makes no profit and pays no taxes, but the shareholders who receive the dividends have to pay taxes on it (eventually).
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Actually dividends are paid out AFTER tax not before. So a corporation would be taxed at the corporate tax rate on income then pay dividends with what is left. Which is taxed again at 15%.
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