The NFL made $10.5 billion in 2013 and paid its chief executive Roger Goodell $44.2 million. Taxes? The National Football League pays taxes through its various money-making offshoots such as NFL Properties and NFL Ventures. The league office in midtown Manhattan, which paid Goodell pays non. Why? Because in 1942 the IRS ruled the NFL was a trade association (for its current 32-member teams) and therefore exempt from taxes as a nonprofit under section 501(c)6 of the tax code. In 1966, when two powerful Louisiana politicians, Sen. Russell Long and Rep. Hale Boggs, wanted a football team in New Orleans, then NFL Comissioner Pete Rozelle got his wish for antitrust protection and confirmed tax-exempt status for the league office, slipped into an unrelated federal bill on investments and depreciation and the New Orleans Saints were born. (thanks to http://www.cnn.com/2014/09/22/us/nfl-nonprofit-taxes/)
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http://www.rayjozwiak.com/guestbook.html
OHO's "Ocean City Ditty," the CD single is now available at http://www.cdbaby.com/cd/oho4
(and, if you're in town, at Trax On Wax on Frederick Rd. in Catonsville, MD) OHO is Jay Graboski, David Reeve & Ray Jozwiak
My latest solo release, '2014' of original, instrumental piano music, can be downloaded digitally at:
(or you can copy-and-paste this URL directly to
your browser: http://www.cdbaby.com/cd/rayjozwiak4)
Also, be sure to visit:
http://www.rayjozwiak.com
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