Friday, February 15, 2013
Did you know the NFL is tax exempt? That's right sports fans, the NFL is treated as a trade or association and pays no federal income tax. Now I personally am opposed to a corporate tax because it's just a hidden tax on consumers, but if one corporation must pay they all must pay. But again the NFL is treated as a non-profit, so about $91 billion is cheated from the taxman.
Good deal if you can get it, and guess what(?), the owners are still not satisfied. Jerry Richardson owner of the Carolina Panthers is very troubled over the sorry state of Bank of America Stadium. Apparently the 17 year old facility is woefully inadequate and in dire need of renovation. And when one considers the positive economic impact the Panthers have on the Charlotte metropolitan area, well Jerry just wants you to know that he has no intention of moving the team. But a little State money from Raleigh sure would quell any doubts...about leaving...the team, you know from Charlotte, which by the way he has no plans to do. So Jerry will probably get our money to head off any unplanned, not even considered move by the team.
You know, this just wrecks my head. We train the athletes in our high schools, colleges and universities at taxpayer expense, we don't require them to stay for the duration and get their education (b-ball one and done, pro football three years), we give them tax exempt status and we subsidize or outright pay for their facilities. And what do we get for our trouble? Ticket prices in section 534 for 110.00 bucks (and you better have good eyesight).
Now, compare this to London's Arsenal Football Club (soccer for you Yanks). They built a stadium in 2003 completely financed by the club itself at a cost of 470 million pounds. NO PUBLIC FUNDS WERE INVOLVED. It makes one think exactly who are the real socialists.
Posted by "The Hammer" at 2/15/2013