Thursday, November 01, 2012

Did you know that the NFL is a tax-exempt nonprofit?

Did you know that the NFL is a tax-exempt nonprofit? I knew of this but not particular details.

"For example, I did not know that the National Football League, the colossus of professional sports, is classified as a non-profit — a tax-free non-profit, to be more specific. That’s right: The NFL has its own exemption, written into federal law, that makes it exempt from federal corporate taxes."

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