did the nfl give up their tax exempt status

I recently came across a news article about the NFL giving up their tax exempt status – something unimaginable. It took me aback; this is something I never thought would happen and maybe it’s a start of the end of the current NFL and a start of something new.

As an avid NFL fan, I started contemplating why the organization would choose to give up a privilege that cost taxpayers an estimated $91 million in 2015 alone. After doing a bit of research, I learned that in 1996, the NFL applied and was granted 501(c)(6) non-profit status by the Internal Revenue Service. This meant that the organization was now tax exempt, and individuals and businesses who donated to the NFL would receive tax breaks in exchange.

I’m sure the idea sounded great at the time, however the public was not too pleased with the decision, deeming it unfair. The public’s outcry of anger and disdain, cheap nfl jerseys from china and its continued criticism of the NFL using its non-profit status to expand wholesale jerseys from china its business dealings, ultimately led the NFL to cave in and wholesale jerseys give up its tax exempt status in 2015.

Of course, it took the NFL a long time to come to this decision. I just can’t believe this change has happened – but it’s probably worth it if it helps the organization get back into the eyes of the public. The truth is that the NFL as an entity is benefiting from the move, although the same cannot be said for their individual teams. The only thing more alarming than the NFL giving up its tax exempt status is the amount of money the IRS should have collected from the organization and its teams had they never become eligible for the status in the first place.

I am really looking forward to how this might shake things up for the NFL. I’m hopeful that the funds raised will go into training better players, setting up better stadiums and increasing safety initiatives. I think this could potentially have a huge impact in improving the whole NFL experience across the board. It’s hard to tell at this stage how exactly this will pan out, but it’s something all NFL fans should be aware of.

One interesting thing I found in my research is that the NFL is not the only sports league to find its way out of the IRS’ favor. Major League Soccer and wholesale jerseys from china the Professional Golfers’ Association are two other large sports organizations that had their tax exempt statuses stripped away from them. They, cheap nfl jerseys from china like the NFL, cheap jerseys were granted their status abnormally and it resulted in some serious public outrage that convinced the IRS to take away their privileges.

Also, when it comes to the NFL, it’s not just the league that has seen a loss in its tax exemption status- the individual teams have been denied non-profit status as well. This will have an impact on the amount of donations the teams will be able to receive as donations will no longer be tax write-offs for corporate sponsors. While this may seem like a negative thing, I actually think this will push teams to become more creative with their sponsorship opportunities, leading to more marketing efforts and an increase in revenues.

It’s an issue that’s sure to keep folks talking for the foreseeable future and really makes you wonder: with all its money and power, was it really necessary for the NFL to seek tax exempt status in the first place? One thing’s for sure, a lot of these recent changes in tax laws have been very eye-opening.

Since the NFL gave up its tax exempt status, I’ve noticed that there has been an increase in public scrutiny, which I think is a good thing considering how much money the league takes in each year. The added media attention and interest in the NFL’s finances may put additional pressure on the organization to be more transparent about its spending. This will be beneficial for both the league and wholesale jerseys from china its fans and cheap nfl jerseys from china could potentially lead to more transparency within the league.

I’m interested to hear what other people think about the the NFL giving up its tax exempt status. Do you think they made the right call?