Saturday, October 20, 2012

GOP Senator Slams Pro Sports Leagues For Using Non-Profit Status To Avoid Paying Taxes

GOP Senator Slams Pro Sports Leagues For Using Non-Profit Status To Avoid Paying Taxes: pOklahoma Sen. Tom Coburn (R) is out with the latest edition of an online chronicle of wasteful government spending, and he is taking aim at several of America’s professional sports leagues. Coburn objects to the fact that the leagues are classified as tax-exempt non-profit organizations, even as they rake in millions of dollars in profits. [...]/p

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