The NFL has finally decided to pay taxes

The National Football League has decided to give up its tax-exempt status, and they communicated this to everyone in a letter written by the Commissioner Roger Goodell, which was sent to all the team owners. The NFL has taken advantage of this status since 1942, even if all of the teams have paid taxes on any income they incurred. Goodell declared earlier today: “As one can imagine, the effects of the tax-exempt status the league has taken advantage of, have been cause for controversy in recent times even if our business has never really been tax exempt. The owners have decided that it is important that there not be any distraction around this status and that all misunderstandings related have to be eliminated so it seems a logical step.” A top NFL tipster knows that it was high time this move was made as the MLB had already given up it’s own tax-exempt status back in 2007, and the NBA had done the same too. The only league that is still hanging on to that status is the NHL, but the level of criticism directed towards the NFl and the billions of dollars in revenue it generates, can be considered well placed. Back in 1942, all of the American professional sports Leagues, the National Football League, the National Hockey League and the Major League Baseball decided to go for the 501(c)(6) tax-exempt status. Throughout the years the IRS have been under extreme pressure to revoke this status, especially when it came to the NFL, but their position has always been one where this status can’t be cancelled just because they are dealing with a multi-billion dollar business. Their position is one that a business like them should voluntarily decide to give-up their status, but many an NFL betting expert can easily see this move to be a PR one by the League which is greatly pleasing for those who have always fought for the tax to be paid. The real point is how much will the NHL actually pay in taxes and the world’s best betting tipster has said that it could be anything from a minimum of $109million in ten years to a maximum of around $91million a year but it will certainly take a long time before one can really evaluate precisely. The one thing that he is certain though is that now, all of the NFL top brass wont have publish their earnings which if one considers the fact that the commissioner himself earned around $35million in salary and bonuses some are having doubts. A top betting expert, is one of the latter and the fact that the NFL has revoked their status Goodell will not have to let anyone know what he is making, so the question arises: Did the League take this decision out of its desire to appear fair, or are the bosses trying to hide what they will be paying themselves?

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