From Jay Bookman:
Once in a while, I run across something that I did not know and it leaves me flabbergasted.
For example, I did not know that the National Football League (NFL), the colossus of professional sports, is classified as a non-profit — a tax-free non-profit, to be more specific.
That's right: The NFL has its own exemption, written into federal law, that makes it exempt from federal corporate taxes...
League commissioners and officials benefit from the nonprofit status of their organizations.
Roger Goodell, commissioner of the NFL, reported $11.6 million in salary and perks in 2010 alone. Goodell's salary will reportedly reach $20 million in 2019. Steve Bornstein, the executive vice president of media, made $12.2 million in 2010. Former NFL commissioner Paul Tagliabue earned $8.5 million from the league in 2010. The league paid five other officials a total of $19.2 million in just one year.
In comparison, the next highest salary of a traditional nonprofit CEO is $3.4 million...
More on taxes: