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Discussion in 'Politics' started by poncho, Feb 2, 2014.
NFL: Microcosm of the Corporate Class
Billions stolen from tax payers
February 2, 2014
Alexis Garcia has produced a video for Reason.tv showing how an NFL franchise is not a good idea, especially for cash-strapped cities.
“The NFL is good at fleecing taxpayers,” ESPN columnist Gregg Easterbrook and the author of The King of Sports: Football’s Impact on America told Garcia. “It’s about a billion dollars a year I’ve calculated in public subsidies to NFL owners and this is a group that consists almost entirely of billionaires and yet receiving significant public subsidies every year.”
The organization closely resembles the corporate class sucking the life blood out of America. Like banksters and transnational companies, it depends on corporate socialism. It buys politicians who agree to use tax dollars to subsidize operations and build lavish stadiums. It is owned by billionaires. (See an interactive Muckety map here.)
“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. Many cities, counties, and states also pay the stadiums’ ongoing costs, by providing power, sewer services, other infrastructure, and stadium improvements,” Easterbook writes.
The NFL does not pay a dime in taxes. The IRS says it is a 501(c)(6) tax-exempt organization. Like the Rockefellers and the elite, the NFL exploits the tax code to avoid paying taxes the rest of us pay at gunpoint. The tea party may have difficulty gaining tax exempt status, but it is not a problem for the billionaire owned NFL.
NJ gives NFL super tax break for Super Bowl, and pays for security
Call it an $8 million gift.
When New Jersey landed this year’s Super Bowl, it gave the National Football League a major tax break. The state agreed to suspend the sales tax on all tickets and parking for today’s big game — a gift that will cost the state $8 million in lost revenues, officials said.
And that’s not the only cost the state is picking up.
All the security and police presence needed for the game — including the estimated 700 New Jersey state troopers who will be patrolling in and around MetLife Stadium today — will also not cost the NFL a dime. The state said it is covering all of its public safety expenses for the game, which is expected to include hundreds of hours in overtime.