As the Times stated, the bills face steep odds, yet both of them bring to light just how absurd it is any major sports organizations -particularly those that play in the Madden NFL 24 and the NCAA -- are not required to pay taxes.
It's been reported that Madden 24 coins has received tax-exempt status because it's considered a "trade organization" -- the teams technically earn the money that the league earns, and then pay back the league dues. The teams have to pay taxes, but the league itself isn't. But to claim that the Madden NFL 24 can be similar to a union or a charitable organization is plainly absurd. While nonprofit organizations can claim most unnecessary expenses as legitimate ones, the Madden NFL 24 was able to report nearly $9 million profit in 2012. It reported nearly $327 million in total revenue and paid commissioner Roger Goodell $44 million.
But this isn't just an Madden NFL 24 issue. The NCAA also claims non-profit status for its efforts to assist student-athletes to improve their performance, collected $871.6 million in 2012 and is now spending record amounts on lobbying to stop those athletes from getting any of the money. Even minor foot races that are awash with huge amounts of money, go on extravagant trips , and pay organizers a hefty sum have claimed nonprofit status.
It's time for us to stop the facade.
Tax-exempt status is meant to be granted to companies that have a goal other than making money, especially ones who seek to aid the public in their mission. Even discounting this past week's instances, Madden NFL 24 has proven that it's solely focused on earning a profit and gaining for itself and its teams. As USA Today pointed out:
"If there is a justification to provide tax exemptions to business leagues, it would be that they serve the public benefit of encouraging commerce to all people within a broad segment of some kind of business or all around," stated (Philip) Hackney, an LSU lawyer who was an IRS attorney who argued tax-exempt organization issues. "Commerce is crucial for our country and we ought to encourage those who are engaged in it in a very public way. These (sports) organizations, in my opinion, aren't public-minded at all in their profits. They are focused on the financial success that their teams make."
There's a misguided expectation for people to perceive sports organizations as entities that transcend the world of business in the sense that they're committed to the larger good. But it's simply a figment of the imagination. In reality, Madden NFL 24 is not focused on the good of the community and maintaining a moral standard. The NCAA is not awash with experts who want to shield athletes from consumerism. Your local marathon may not donating as much money to charities as you think it should.
In spite of this week's events,cheapest Madden 24 coins has proven that it's solely intent on making a profit and benefiting itself.
