The NFL is gearing up for the Super Bowl this Sunday and the league is projected to make a record profit. That's bringing to light a little-known secret. The NFL league office is considered, by the IRS, a non-profit organization.
That's right, the league office falls under a tax code that exempts things like business leagues and trade associations.
But does that make sense? Two senators don't think so, and they've proposed a bill to change it.
On "New Day" Thursday Sen. Coburn said: “This is a directed tax cut that to the league office, which means every other American pays a little bit more every year because we give the NFL league office a tax break and call them a non-profit. In fact, they’re not."
It doesn't help the NFL's cause that its commissioner makes $29 million a year.
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