It's been reported that Madden NFL 24 has received tax-exempt

 

It's been reported that Madden 24 coins has received tax-exempt status because it's considered as a "trade organisation" which means that the teams actually receive the funds it generates, but return it to the league in dues. The teams pay taxes however, the league doesn't. However, the idea that Madden NFL 24 will be similar to a union or a charitable organization is simply absurd. Even though non-profit organizations may claim most unnecessary expenses as legitimate ones The Madden NFL 24 still reported more than $9 million of profit in 2012. It made nearly $327 million in total revenue and paid commissioner Roger Goodell $44 million.

 

But this isn't only a Madden NFL 24 problem. The NCAA is a non-profit organization that claims status for its efforts to support student athletes as well as their families, made $871.6 million for 2012 and is currently spending record amounts lobbying to prevent those athletes from receiving any of the funds. Small foot races, which have huge sums of money, go on extravagant trips and pay organizers handily they claim that they are nonprofit.

 

It's time for us to stop the facade.

 

Tax-exempt status is supposed to be given to businesses that have a goal other than making a profit, specifically those that seek to assist the public in their pursuit. In spite of this week's instances, Madden NFL 24 has proven that it is solely focused on earning a profit as well as benefitting its teams. USA Today pointed out:

 

"If there's a reason for tax exempting business leagues, it will be they operate for the public purpose of aiding commerce to all people within an extensive segment of cheap Madden 24 coins some type of business or business generally," stated (Philip) Hackney, and an LSU faculty member who has previously was an IRS attorney in the area of tax exempt-organization questions. "Commerce is essential to our country, and we ought to encourage those who are working on it in a very public way. These (sports) organizations, in my opinion, are anything but public-minded in their financial interests. They are focused on the financial success of their franchises."