Did you know that the NFL is a tax-exempt nonprofit?

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, 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.

IT'S GOOD! ... to be a tax-exempt nonprofit

IT'S GOOD! ... to be a tax-exempt nonprofit

The Professional Golf Association and the National Hockey League, among others, enjoy a similar exemption although in their cases, it is not an exemption specifically written into the law.

As described in Waste Book 2012 — compiled by the staff of U.S. Sen. Tom Coburn, a conservative Republican from Oklahoma:

In 2010, the registered NFL nonprofit alone received $184 million from its 32 member teams. It holds over $1 billion in assets. Together with its subsidiaries and teams – many of which are for-profit, taxed entities – the NFL generates an estimated $9 billion annually. Each of its teams are among the top 50 most expensive sports teams in the world, ranking alongside the world’s famous soccer teams. Almost half of professional football teams are valued at over $1 billion….

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.

The NFL’s exemption stems from a 1966 law, passed at the time of the merger with the old American Football League, specifically allowing “professional football leagues” to enjoy 501(c)(6) status as tax-exempt trade organizations. Other leagues have piggy-backed on that legislation to claim that status themselves.

Major League Baseball also used to enjoy the same tax-exempt protection, but in 2007 it chose to surrender that status in part because as the salary information above illustrates, tax-exempt, non-profit status requires you to report the salaries of your top executives. MLB decided that protecting that information from the public was more important than escaping taxes.

As the Coburn report points out, “state and local governments usually exempt these organizations from state income and sales tax as well….” As the Indiana Business Journal reported, that proved to be a nice little perk when the Super Bowl was held in Indianapolis this year, because “hotels and restaurants … won’t be taxing National Football League employees. They’re exempt from paying, according to an Indiana Department of Revenue directive. The NFL is using its tax-exempt status as a 501(c)(6) to avoid paying the taxes, in addition to fuel, auto rental and admissions taxes.”

In Atlanta’s case, a hotel-motel tax was used to build the Georgia Dome and would also be used to help finance the proposed new open-air stadium demanded by the Falcons. If Georgia tax law is like that of many states, the NFL and its employees would be exempted from paying the tax that everyone else must pay to subsidize stadiums built for a highly profitable industry.

Can you say “Scchhhwwweeeeet”?

– Jay Bookman

640 comments Add your comment

Peadawg

October 18th, 2012
8:02 am

I’m all for a new stadium w/ a retractable roof…but Arthur Blank needs to pay for it himself. Period.

Granny Godzilla - Union Thugette

October 18th, 2012
8:02 am

No but I can say …..Suxxxxxxx

Paul

October 18th, 2012
8:05 am

” The NFL has its own exemption, written into federal law, that makes it exempt from federal corporate taxes.”

Money doesn’t buy votes. Money’s just like someone talking and expressing an opinion, don’tcha’ know?

Okay, Republicans who want to cut waste and balance the budget. You all are going to get on board and write your Congressman and Senators and demand this classification be dropped, right?

Or are you going to argue that by dropping the classification, the NFL will have to pay taxes and you’re against any tax increases?

Which is it?

Keep Up the Good Fight!

October 18th, 2012
8:07 am

Its clear that the “job creators” should never be taxed….. only the laborers.

So when we hear about how these stadiums are “paid for” through hotel taxes….its taxes not paid by the sport itself. But hey, they built that….right?

BlahBlahBlah

October 18th, 2012
8:07 am

If the teams themselves have to pay corporate taxes, as the article suggests, I’m not flabbergasted.

interested observer

October 18th, 2012
8:08 am

Informative post. Let the Falcons and all other major sports franchises pay for their own exclusive playgrounds. I enjoy watching the Birds and wish them the best, but the NFL ought to be paying taxes like any other corporation.

Paul

October 18th, 2012
8:10 am

Granny

This is football, not baseball. White Suxxxxx are a Chicago baseball team.

Just tryin’ to be helpful -

Dawg'88

October 18th, 2012
8:11 am

Did you know that Obama is the Abortion President?

Dismembering children is ok with him.
Letting a baby who survives an abortion is ok with him.
Tax exempt NFL…who cares when this allowed.

Doggone/GA

October 18th, 2012
8:12 am

Actually…I *did* know this! And I’m not even a fan of football

southpaw

October 18th, 2012
8:12 am

Jay

Any idea if the teams deducted their shares of the $184 million from their taxable income? If not, they’ve already paid whatever tax would be owed on that income. I can see either a team or the league owing the tax, but not both.

On the other hand, if the teams did deduct the payments and the league was exempted from tax…well, I can’t improve on “Scchhhwwweeeeet”.

Granny Godzilla - Union Thugette

October 18th, 2012
8:12 am

Paul

I always appreciate sportz learnin.

Keep Up the Good Fight!

October 18th, 2012
8:14 am

So the NFL is part of the 47%?

flagboy?

October 18th, 2012
8:14 am

Kinda blown away by that information to be honest.

And kudos to Paul for calling out Republicans. It is obviously a Republican issue.

Jay

October 18th, 2012
8:16 am

southpaw, I’m no expert in tax law, but I would expect that dues paid to a trade organization would be deductible as a business expense, correct?

Georgia on my mind...

October 18th, 2012
8:16 am

If a new Georgia Dome is built, it will not guarantee that the Falcons will win a Super bowl. Down in New Orleans they went through Katrina where there was a lot of damage to their dome; it was repaired and they continue to play there today. They were still able to capture a Super bowl Championship. I think that Arthur Blank can afford to build the Dome with some of those tax free dollars and the people of Atlanta can use their money to help the struggling schools!! This demonstrates how out-of-touch this state and the Republican Administration are with reality.

teacher

October 18th, 2012
8:17 am

same for the college bowl games, each one is a nonprofit.

stands for decibels

October 18th, 2012
8:18 am

Taxpayer subsidized concussions and carnage.

Times like this I just wanna raise the flag, slap on some Toby Keith and go put my boot in the ass of some uppity muslim!

b-troll

October 18th, 2012
8:19 am

Tom Coburn is as real an american hero as a politician can be.

real john

October 18th, 2012
8:19 am

Georgia on my mind…

Actually is Mayor Kasim Reed who is pushing for this stadium….The motel tax is more of a city issue, not a state issue

Thomas Heyward Jr

October 18th, 2012
8:19 am

The goobermint makes up the tax-exempt loss of revenue through the Justice system.
.
Think Raiders.

Georgia on my mind...

October 18th, 2012
8:20 am

Is the City of Atlanta responsibile for writing Georgia’s Tax Laws?

stands for decibels

October 18th, 2012
8:21 am

Tom Coburn is as real an american hero as a politician can be.

interesting; my first take on seeing Senator Warming-Denial Douche’s name on that report was “Maybe I don’t hate Obama quite so much for hugging the guy, now.”

But I guess both observations are in the same direction.

Jay

October 18th, 2012
8:21 am

real john, it is both.

The state Legislature had to vote to extend the hotel-motel tax, which it quickly and quietly did several years ago, ignoring the no-new-taxes pledge of its GOP majority and leadership. Now it is up to the City Council.

stands for decibels

October 18th, 2012
8:25 am

Major League Baseball also used to enjoy the same tax-exempt protection, but in 2007 it chose to surrender that status

Just so we’re clear–my understanding is that MLB continues to enjoy exemption from antitrust laws, or has that gone away, as well? Anyone know for sure, have a cite for support?

(I did some rudimentary googling on the topic, but every cite I could find seemed to reach back to pre-2007 source material, so…)

onlycritter1968

October 18th, 2012
8:25 am

The Congress in 1966 had a Democratic supermajority. Interesting how times have changed.

Paul

October 18th, 2012
8:27 am

stands for decibels

October 18th, 2012
8:28 am

Matti

October 18th, 2012
8:28 am

TAX the NFL!
TAX the Churches!

Let’s not let our enthusiasm for the Falcons’ amazing success this year color our thinking on the new stadium. Homeowners realize we must learn to be happy in the houses we have, and take care of them. Why can’t Arthur Blank and his billions do the same with the Georgia Dome? Get some GD caulk, paint, and a few new furnishings, and frigging MAKE DO! Jimminy H. Crickets, I can’t believe the notion that we have to replace a stadium less than 20 years old is even on the table!

stands for decibels

October 18th, 2012
8:29 am

(messed up link @ 8.28, my bad. here ’tis)

Doggone/GA

October 18th, 2012
8:29 am

“Did you know that Obama is the Abortion President?”

Did you know that when you have to lie to make your point, you have no point.

indigo

October 18th, 2012
8:30 am

Needless to say, the NFL, PGA and NHL will pour as much money as necessary into Republican coffers in order to keep this tax free status.

zeke

October 18th, 2012
8:31 am

THERE SHOULD BE NO CORPORATE INCOME TAX! You tax businesses at rates about 35%, then, YOU TAX OWNERS, SHAREHOLDERS, INVESTORS AGAIN! DOUBLE TAX! THEN IF THOSE OWNERS, INVESTORS, STOCKHOLDERS ARE SMART ENOUGH OR LUCKY ENOUGH TO HOLD ON TO SOME OF THEIR MONEY, YOU TAX IT AGAIN WHEN THEY DIE! TRIPLE TAX ON THE SAME PROFITS! NO WONDER COMPANIES LOOK TO MOVE OPERATIONS AND HEADQUARTERS OUTSIDE THE USA!

Paul

October 18th, 2012
8:32 am

“The state Legislature had to vote to extend the hotel-motel tax, which it quickly and quietly did several years ago”

Ohmygoodness, you mean the entire state of Georgia is part of the 47% who are dependent on government for everything, including even their entertainment, and they expect other people to pay their way ’cause they’re entitled to watch people run around and catch balls?

Jay

October 18th, 2012
8:32 am

indigo, I’d bet that many Democrats would be equally eager to protect that status.

Mick

October 18th, 2012
8:32 am

Didn’t know that either; not surprising however, seems like many of our laws in this republic are slanted towards wealth and wealthy entities. My advice to you is – get rich and reap the benefits! Then, you too can put out a memo and strongly urge your workers to vote for the mittsiah or else…

Tom Middleton

October 18th, 2012
8:32 am

Jay, at first I thought you were going to tell us it’s exempt because it’s a religion, you know, as long as it stays out of politics. Ok, NOW I see why the law. :)

Matti

October 18th, 2012
8:33 am

“NO WONDER COMPANIES LOOK TO MOVE OPERATIONS AND HEADQUARTERS OUTSIDE THE USA!”

I have no problem revoking their citizenship (since they’re people now) and denying them the protection of our military.

Keep Up the Good Fight!

October 18th, 2012
8:34 am

well, we see that zeke believes that “corporations are people too, my friend” except when they pay taxes. :lol: Yelling it from the rooftops.

jconservative

October 18th, 2012
8:34 am

So the NFL is part of that 47% “who are dependent upon government, who believe that they are victims, who believe that government has a responsibility to care for them…”

In-ter-rest-ing!

Paul

October 18th, 2012
8:35 am

zeke

Is this a new rule? That when an urban legend, such as double taxation of the same money, has been thoroughly debunked, you can repost it in ALL CAPS and that now makes it legitimate?

Jay

October 18th, 2012
8:36 am

Right Zeke. And when I pay taxes on my income, and then pay taxes again when I buy gasoline, alcohol, etc., I too am being taxed twice on the same dollar.

When businesses in China can pay workers $4 a day, and even less in other countries, any differential in the corporate income tax is inconsequential in determining where the jobs locate.

willydoit?

October 18th, 2012
8:37 am

“This demonstrates how out-of-touch this state and the Republican Administration are with reality.”

This has been going on for decades…long before the Republicans took over the reigns.
Politics is like the WWE…they beat the hell out of each other in the ring, then they all go shower together.

Granny Godzilla - Union Thugette

October 18th, 2012
8:38 am

Matti

I hear ya!

Take the Gwinnett Braves Stadium boondoggle apart and drag it downtown
and duct tape the whole damn thing to the dome…..

Jay

October 18th, 2012
8:39 am

Alex, if you can’t post without name-calling, you will not be allowed to post at all.

Paul

October 18th, 2012
8:39 am

Tom Middleton

“In Texas, football is a religion.”

Ben Schwartzwalder, football coach, Syracuse University

stands for decibels

October 18th, 2012
8:40 am

double taxation of the same money

We are drinking the SAME WATER as ADOLF HITLER.

TaxPayer

October 18th, 2012
8:40 am

Thanks for pointing this out, Jay. I didn’t know they were considered a tax-exempt non-profit.

Perhaps Mitt can be more specific and identify this loophole as the first on his long list of loopholes that he would eliminate in order to fund more bigger tax cuts for the wealthiest. Do players have to pay federal taxes on their salaries. Do the owners have to withhold payroll taxes on the players.

Senator Coburn’s staff needs a thank you as well for bringing this issue to light.

On a side note, do you know if the lingerie league is a tax-exempt non-profit too.

Keep Up the Good Fight!

October 18th, 2012
8:41 am

This has been going on for decades…long before the Republicans took over the reigns.

Oh the blame state democrats card….. how trite. :lol:

stands for decibels

October 18th, 2012
8:43 am

they beat the hell out of each other in the ring, then they all go shower together.

…using water that once cleansed Josef STALIN.

but our “zeke” is on the case.

Steve-USA

October 18th, 2012
8:44 am

Jay – I am a little unclear whether this includes each individual franchise (team) or just the umbrella organization that oversees said teams. Thanks

Either way it sucks.

Jay

October 18th, 2012
8:45 am

Steve, just the umbrella organization.

Tom Middleton

October 18th, 2012
8:45 am

Paul: “In Texas, football is a religion.”

And pretty much everywhere else as well, Paul, kind of my point!

Paul

October 18th, 2012
8:45 am

“On a side note, do you know if the lingerie league is a tax-exempt non-profit too.”

TaxPayer, funny you should bring that up.

“Victoria’s Secret to sell items at Cowboys Stadium”

http://seattletimes.com/html/sports/2019286917_apfbncowboysvictoriassecret.html

(” Forbes magazine this month named the Dallas Cowboys the NFL’s most valuable team for the sixth consecutive year, worth more than $2 billion.”)

willydoit?

October 18th, 2012
8:46 am

“Oh the blame state democrats card….. how trite.”

Didn’t say that…they are all one in the same!

Everything I need to know about politicians I learned from
“The Distingquished Gentleman”

Thomas Jefferson Johnson: Terry, tell me something. With all this money coming in from both sides, how does anything ever get done?

Terry Corrigan: It doesn’t. That’s the genius of the system.

TaxPayer

October 18th, 2012
8:46 am

This has been going on for decades…long before the Republicans took over the reigns.

Yes, many of the current Republicans were labeled Democrats back then.

From the Center

October 18th, 2012
8:46 am

This is appalling, why hasn’t Obama fixed this already.

Jay

October 18th, 2012
8:46 am

“On a side note, do you know if the lingerie league is a tax-exempt non-profit too.”

Conceivably so. It is, after all, a “professional football league.”

Granny Godzilla - Union Thugette

October 18th, 2012
8:47 am

football is a religion….that destroys the brains of it’s players

isn’t that special?

southpaw

October 18th, 2012
8:48 am

sfd @8:40
You may want to read up on Godwin’s Law.
http://www.wired.com/wired/archive/2.10/godwin.if_pr.html

JKL2

October 18th, 2012
8:49 am

Paul- White Suxxxxx are a Chicago baseball team.

Just don’t try to ask the president who a player on his “favorite” team is without a teleprompter present. All you’ll get is “ummm, ummmm, ummmm”.

Mike

October 18th, 2012
8:49 am

Good column Jay. Let’s look even deeper at more of this unknown corruption. I am in the tax and accounting world and I can tell you, this is only the tip of the iceberg for exemptions and unfair practices. Keep digging.

Paul

October 18th, 2012
8:52 am

JKL2

You can post that on the heels of Ryan’s question regarding the Wisconsion – Ohio State game?

curious

October 18th, 2012
8:53 am

What would justify the NFL being classified as a non profit?
Stuff like this. No wonder this Nation is going broke.
I had a business that was non profit, but it wasn’t intentional.

Paul

October 18th, 2012
8:54 am

Oh, JKL2

Did you spot the teleprompters at the last debate?

You didn’t?!!?

Tom Middleton

October 18th, 2012
8:56 am

Ryan: And verily, verily I say unto you: The winner will become the loser and the loser shall win!

larry

October 18th, 2012
8:56 am

Well, this isnt suprising. Football is considered religion in these parts. I wonder if the Georgia Done , like church buildings, is tax-exempt as well?

And as far as the Dome is concerned, take the roof off , put a retractable roof on, save money.

ByteMe - Got ilk?

October 18th, 2012
8:59 am

And many SuperPACs are currently considered “charities” under a weird reading of the tax code that might eventually get corrected if someone running the IRS grows a pair and goes after them.

Jay

October 18th, 2012
9:01 am

Larry, the Georgia Dome, as a publicly owned facility, is tax exempt.

JKL2

October 18th, 2012
9:01 am

Paul- You can post that on the heels of Ryan’s question regarding the Wisconsion – Ohio State game?

He said who ever has the worst record. At this time that would mean WI. What did you not understand?

Finn McCool (The System isn't Broken; It's Fixed)

October 18th, 2012
9:03 am

“Just bring me the binder of young Thai women. K, thanks.”

Adam

October 18th, 2012
9:03 am

BIG GOVERNMENT SOSHULIZM! The American people are FORCED to watch Gladiators fight because the government is SO BIG that it pays for that stuff and MAKES you watch it!

END THE NFL SUBSIDY NOW!

adam smith's invisible hand

October 18th, 2012
9:04 am

Well, yeah, it’s like those non-profit state charter schools Deal wants. Idiots say they are for students/parents and can’t be for the money because they are “non-profit.” Right. (far right, actually).

curious

October 18th, 2012
9:04 am

About the only entity that special interest groups haven’t gotten tax exempt status is you and me.

We’re all a bunch of suckers.

Adam

October 18th, 2012
9:05 am

So, how many people are still pretending Obama wasn’t referring to the Benghazi attack when he was saying “acts of terror” and “this terrible act”?

“No ACTS OF TERROR will ever shake the resolve of this great nation, alter that character, or eclipse the light of the values that we stand for. Today we mourn four more Americans who represent the very best of the United States of America. We will not waver in our commitment to see that justice is done for THIS TERRIBLE ACT.

Acts of terror? This terrible act? OBVIOUSLY those were just general comments, despite the fact that the whole speech was about Benghazi and any idiot can see JUST FROM THE PART I QUOTED that it’s clear he was talking about Benghazi.

BuckeyeInGa

October 18th, 2012
9:06 am

I did know this. It’s pretty much impossible for a NFL team NOT to make a profit no matter how bad their team is. Also teams will threaten to move to LA if their stadiums isn’t built. This practice has been going on for at least a decade.

JKL2

October 18th, 2012
9:06 am

Paul- Did you spot the teleprompters at the last debate? You didn’t?!!?

Despite the Democrat’s best efforts to get teleprompter’s put into the debate (after obama got killed in the first one), they are still not allowed.

Still has zero bearing on my comment since I was talking about baseball, not the debate. Please take your meds before posting again.

DannyX

October 18th, 2012
9:06 am

The NFL needs the big government help so it can compete with socialist college football.

We love our socialism here in the south. The socialist Georgia Bulldogs often disappoint but not the socialist SEC.

Goooooooooo S O C I A L I S T S, sic ‘em, woof, woof, woof.

Road Scholar

October 18th, 2012
9:07 am

If Ohio State and Wisconsin have the same record, does the game end in a tie?

TaxPayer

October 18th, 2012
9:07 am

Let’s see. That’s 18 billion in waste identified by Coburn’s staff. So for a one trillion dollar deficit, that works out to be about 1.8%. Only 98.2% left to go. I know! Let each state identify 2% of the waste and cut it. If we use 50 states as the base line, that would eliminate the deficit entirely and if we use the Republican talking point of 57 states, we could actually start reducing the debt as a bonus!

ragnar danneskjold

October 18th, 2012
9:08 am

I can imagine NFL being a tax-exempt nonprofit, given how they sponsor so many candidates for research on brain injuries.

RB from Gwinnett

October 18th, 2012
9:08 am

My kids sum league and high school swim teams are tax exempt entities as well. Maybe you libs can encourage Obama to add changing that law to his platform so we can pay for more welfare programs on the backs of these evil swim team parents. That should go over well.

You people making this a republican issue are just whacked.

indigo

October 18th, 2012
9:08 am

Jay – 8:32

Are you saying Democrats can be bought and paid for, just like Republicans?

Say it ain’t so, Jay!!!!!

Paul

October 18th, 2012
9:09 am

JKL2

“What did you not understand?”

Oh, I understood very well your mind dwells upon the major issues facing the American voter, topics like ‘teleprompter’ and…. ‘teleprompter.’

Then, when that’s exhausted, it moves on to… ‘teleprompter.’

out for a bit -

Woodstock Mike

October 18th, 2012
9:09 am

“Acts of terror? This terrible act? OBVIOUSLY those were just general comments, despite the fact that the whole speech was about Benghazi and any idiot can see JUST FROM THE PART I QUOTED that it’s clear he was talking about Benghazi.”

The point is simple but I guess it’s over your head. The administration blamed the attacks on a video, which turned out to have nothing to do with the attacks at all. Why are you still talking about it anyway, Obama needs that topic to go away…

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

October 18th, 2012
9:11 am

JAY,

I reviewed audited financial statements of NFL…Fun facts…annual revenue is app $150M with 2010 net loss of ($37M)…The auditors advise that no uncertainty exists for non-profit status to be eliminated…Most significant item is G-3 loan program to help teams build new venues..They are currently tapped out with outstanding loans over $800M…

Typical stuff fof 501(c)3’s…however the organization, like many, many for-profits is set up to lose money…

Of course, the unions contribute the lions share of pressure to always increase ticket prices but you should assume that if 501(C)3 was lifted and taxes were incurred, they would simply pass the cost to teams who will pass the cost to fans….

Adam

October 18th, 2012
9:11 am

JKL2: Despite the Democrat’s best efforts to get teleprompter’s put into the debate (after obama got killed in the first one), they are still not allowed.

You can back that up with facts, I assume. :)

USMC

October 18th, 2012
9:11 am

Yeah but, but, but… by paying NO taxes the NFL creates jobs and the wealth TRICKLES DOWN to everyone below!

CORPORATE WELFARE! Whatever that means. :lol:

I am TOTALLY kidding! I am no fan professional teams paying NO taxes as a NON-profit.

And furthermore, I have never liked the idea of city Taxes/Bonds being used to PAY for a NFL Teams stadium.

Woodstock Mike

October 18th, 2012
9:11 am

I think these readers need to do some research and see how many NFL owners are registered Democrats and enormous Democratic party donors. Guess because they are Democrats it’s cool though…

Adam

October 18th, 2012
9:12 am

Woodstock Mike: The point is simple but I guess it’s over your head. The administration blamed the attacks on a video, which turned out to have nothing to do with the attacks at all.

Saying it had something to do with a video and saying it was an act of terror are not mutually exclusive statements.

In addition, when the administration found out the facts, they corrected themselves to the American Public. Know what that’s called? TRANSPARENCY. Another promise kept for the President.

Adam

October 18th, 2012
9:13 am

USMC: CORPORATE WELFARE! Whatever that means.

Thanks for “opening your mouth and removing all doubt” as to your critical thinking skills :)

Ben

October 18th, 2012
9:13 am

Republican here…. The NFL should not be tax exempt, nor should taxpayers be paying a dime for stadiums. They used to make the argument that it brings more money in, but studies have shown that not to be the case. When taxpayers build stadiums for NFL teams, taxpayers lose money and NFL owners gain money.

And if Arthur Blank threatens to move the team, call his bluff. As big a football fan as I am, I’d rather have no team here than have a team that picks my pocket and then expects me to thank them for it.

curious

October 18th, 2012
9:14 am

Personal responsibility only applies to the individual, even if corporations are people, too.

TaxPayer

October 18th, 2012
9:15 am

I could let the NFL slide on the non-proft tax exempt thingie but the one that really gripes me is folks like Karl Rove getting tax-exempt status for his super pac. Those things need to be taxed at 110% and the owners thrown in pauper’s prison the first time they are delinguent on a tax payment..

RB from Gwinnett

October 18th, 2012
9:15 am

“Oh, I understood very well your mind dwells upon the major issues facing the American voter, topics like ‘teleprompter’ and…. ‘teleprompter.’”

Says the guy who just yesterday wanted to argue about whether or not 4 dead Americans qualifies as a terror attack instead of discussing why the POTUS fed us this BS story about a video for 2 weeks.

Funny…

USMC

October 18th, 2012
9:16 am

AN OLDIE BUT GOODIE!

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, “OK, we will have an experiment in this class on Obama’s plan.” All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…. (substituting grades for dollars – something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little..

The second test average was a D! No one was happy. When the 3rd test rolled around, the average was an F. As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else. To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. It could not be any simpler than that.

Remember, there IS a test coming up. The 2012 elections.

Not on his watch

October 18th, 2012
9:17 am

“Acts of terror? This terrible act? OBVIOUSLY those were just general comments, despite the fact that the whole speech was about Benghazi and any idiot can see JUST FROM THE PART I QUOTED that it’s clear he was talking about Benghazi.”

_____

Did President Obama say that “He takes FULL responsibility for the attacks in Benghazi”? Did he say that he will make sure that whoever committed these acts will be hunted down and brought to justice? I believe that he WILL. Where is Osama Bin Laden?

yuzeyurbrane

October 18th, 2012
9:20 am

Jay, thank you for that important piece of info. Now, that I know they are a struggling tax-exempt non-profit I understand why we all have to pitch and build Artie Blank his new stadium. It is kind of like helping Mother Teresa.

larry

October 18th, 2012
9:20 am

Socialism…………… BOO!!

Woodstock Mike

October 18th, 2012
9:20 am

The truth is Mitt Romney is gaining votes every single day while Obama is losing votes every single day. Americans don’t like excuses and obviously things aren’t going well when it comes to jobs and the economy. Jobless claims just came out again this morning, up almost 50K. Now that people see Mitt Romney isn’t the “crazy” guy that Obama painted him to be Mitt is pulling away. Go Mitt!!

USMC

October 18th, 2012
9:20 am

“Thanks for “opening your mouth and removing all doubt” as to your critical thinking skills”– Comrade Adam

Da Comrade Adam! Nostrovia!
http://www.youtube.com/watch?v=wRXKHTTzayU