Monday, September 30, 2013

"Gve them bread and circuses" NFL Sacks Taxpayers for Stadium Subsidies and Other Goodies

NFL Sacks Taxpayers for Stadium Subsidies and Other Goodies | Heartlander Magazine:
"The NFL is technically a nonprofit — thanks to a special exception in the tax code carved out by Congress in the 1960s — despite making billions of dollars of profit each year and paying top executives seven-figure salaries.

The NFL is allowed to negotiate contracts that would be illegal for companies like Apple or Exxon — thank Congress again for that one."
....Judith Grant Long, a Harvard University professor of urban planning, calculates that league-wide, 70 percent of the capital cost of NFL stadiums has been provided by taxpayers, not NFL owners."

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