Current Events > Bill to strip PGA of tax exemption introduced

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Tyranthraxus
06/15/23 3:22:06 PM
#1:


https://garamendi.house.gov/media/press-releases/following-saudi-takeover-pga-tour-rep-garamendi-introduces-bill-strip

lol get fucked

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ellis123
06/15/23 3:25:47 PM
#2:


Because it hits all sports I can't see it passing, but I can dream.

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DarthAragorn
06/15/23 4:00:48 PM
#3:


Sports leagues in general being tax exempt is absolutely fucking moronic so I hope this passes

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ToadallyAwesome
06/15/23 4:03:30 PM
#4:


How the hell is sports except in the first placewhat

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Ryangrad
06/15/23 4:03:54 PM
#5:


DarthAragorn posted...
Sports leagues in general being tax exempt is absolutely fucking moronic so I hope this passes


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garan
06/15/23 4:04:15 PM
#6:


DarthAragorn posted...
Sports leagues in general being tax exempt is absolutely fucking moronic so I hope this passes


Agreed, but it's even worse when there is no league, it's all just a bunch of athletes now effectively owned by Saudi terrorists.
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voldothegr8
06/15/23 4:05:09 PM
#7:


Introduced but will never see the light of day.

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Euripides
06/15/23 4:05:34 PM
#8:


So they are monopolies AND tax exempt?

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Funkydog
06/15/23 4:05:57 PM
#9:


DarthAragorn posted...
Sports leagues in general being tax exempt is absolutely fucking moronic so I hope this passes


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Kradek
06/15/23 4:07:53 PM
#10:


This is how I find out sports leagues are tax-exempt, what the fuck.

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Anarchy_Juiblex
06/15/23 4:08:59 PM
#11:


Golf is especially bad when it comes to environmental impact. The Saudi investors getting fucked is only part of the excellence.

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AloneIBreak
06/15/23 4:09:53 PM
#12:


I fee like an idiot for not knowing sports leagues could be tax exempt. Revoke that shit.

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MorbidFaithless
06/15/23 4:18:47 PM
#13:


Kradek posted...
This is how I find out sports leagues are tax-exempt, what the fuck.
Lmao same. What the hell?

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Bass
06/15/23 4:19:49 PM
#14:


DarthAragorn posted...
Sports leagues in general being tax exempt is absolutely fucking moronic so I hope this passes


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voldothegr8
06/15/23 4:25:59 PM
#15:


So I don't how the PGA or individual sports work, but in the case of the big 4, NFL, MLB, NBA, NHL, the leagues themselves don't generate revenue. The leagues are just a collection of owners who each make all the money and are taxed individually on their team. That's why those leagues are tax exempt.

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Chicken
06/15/23 4:28:05 PM
#16:


voldothegr8 posted...
So I don't how the PGA or individual sports work, but in the case of the big 4, NFL, MLB, NBA, NHL, the leagues themselves don't generate revenue. The leagues are just a collection of owners who each make all the money and are taxed individually on their team. That's why those leagues are tax exempt.
Sounds like a loophole

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JasonSehorn
06/15/23 4:35:09 PM
#17:


DarthAragorn posted...
Sports leagues in general being tax exempt is absolutely fucking moronic so I hope this passes

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Dakimakura
06/15/23 4:37:26 PM
#18:


Sports leagues should pay all the taxes while people who make under 150k should be exempt from all taxes.

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Tyranthraxus
06/15/23 4:37:43 PM
#19:


voldothegr8 posted...
So I don't how the PGA or individual sports work, but in the case of the big 4, NFL, MLB, NBA, NHL, the leagues themselves don't generate revenue. The leagues are just a collection of owners who each make all the money and are taxed individually on their team. That's why those leagues are tax exempt.

The leagues are registered as NPO sports clubs. That's not the same thing as "they don't make money"

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545x39
06/15/23 4:37:59 PM
#20:


ToadallyAwesome posted...
How the hell is sports except in the first placewhat
Bread and circuses.

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thronedfire2
06/15/23 4:39:48 PM
#21:


why the fuck are sports leagues tax exempt in the first place?

all their billionaire owners just got tax breaks a few years ago

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Unsuprised_Pika
06/15/23 4:42:13 PM
#22:


DarthAragorn posted...
Sports leagues in general being tax exempt is absolutely fucking moronic so I hope this passes

We should levy fines equal to the total lifetime value of them using the tax exemption too.

It wasn't intended for them so pay it the fuck back.

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JasonSehorn
06/15/23 4:42:57 PM
#23:


tax exempt and beg for tax money to fund new stadiums man
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Jeremy517
06/15/23 5:09:18 PM
#24:


The big three sports leagues in the US gave up their tax exempt status a number of years ago.

Even when they had it, teams were never tax exempt.

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Frosted_Midna
06/15/23 5:20:20 PM
#25:


I never knew about this!

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voldothegr8
06/15/23 5:20:29 PM
#26:


Tyranthraxus posted...
The leagues are registered as NPO sports clubs. That's not the same thing as "they don't make money"
They don't generate revenue though. The value of the NFL for example is the value of all the owners combined, because the NFL itself isn't generating the revenue. The individual teams are. And the owners are taxed.

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Tyranthraxus
06/15/23 5:28:00 PM
#27:


voldothegr8 posted...
They don't generate revenue though. The value of the NFL for example is the value of all the owners combined, because the NFL itself isn't generating the revenue. The individual teams are. And the owners are taxed.
The NFL owns all the trademarks and rights. Even if the money goes straight to the owners it's still making an asston of money. There's absolutely no reason not to tax the money made by the NFL before it goes to the owners, and then tax the owners, too.

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FactsKeepHurtin
06/15/23 5:33:50 PM
#28:


Tyranthraxus posted...
The NFL owns all the trademarks and rights. Even if the money goes straight to the owners it's still making an asston of money. There's absolutely no reason not to tax the money made by the NFL before it goes to the owners, and then tax the owners, too.

That would mean it is being taxed then hth
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Heineken14
06/15/23 5:35:44 PM
#29:


ToadallyAwesome posted...
How the hell is sports except in the first placewhat


Because rich people get to enjoy the fruits of socialism while us plebs have to duke it out in thundercapitalismdome.

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voldothegr8
06/15/23 5:55:56 PM
#30:


Tyranthraxus posted...
The NFL owns all the trademarks and rights.
The NFL is a collective of 32 owners, so 32 owners own all trademarks and rights. And they are all taxed.

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