More Selected Shorts

The NFL Taxpayer Hustle

The National Football League has not-for-profit status. Taxpayers provide the funds for the stadiums, and anti-trust laws do not apply to the NFL broadcast deals with the TV and radio networks. The TV deals are worth about $7 billion per year and the NFL’s total revenue is approximately $10 billion yearly. In 2011 the NFL paid $60 million to its five highest executives. These executives hope to raise the NFL’s annual revenue to $25 billion in 16 years. Most of that increase will come from increased cost to fans who subscribe to cable and satellite TV providers.

Military Spending

More than ½ of all federal discretionary spending goes to the US military. The government that makes this possible also wants to begin discussions on how to cut Social Security.

No Income Taxes for Corporations

Two thirds of U.S. Corporations pay no federal income taxes. The congress that allows this had to cut food stamps to the poor this year.

Advertisements


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s