In this piece, we are going to highlight some key facts that are of interest to many fans and sports pundits of American football.
The National Football League (NFL), the largest professional football league in the United States, has been a topic of discussion for many years regarding its tax status.
There has been renewed interest in the NFL’s tax status, as some politicians and analysts have raised questions about whether the league should be required to pay taxes.
Does the NFL pay taxes? How much does the NFL pay in annual taxes?
The NFL per our findings is a non-profit organization, which means that it is exempt from federal income taxes.
However, this does not mean that the league is completely tax-exempt. The NFL still pays taxes on its revenue, including the billions of dollars it earns from television broadcasting rights and merchandise sales.
According to reports from reliable sources, the NFL pays over $100 million in taxes on a yearly basis. This includes taxes on its revenue, as well as taxes on the salaries of its staff
The revenue of the NFL last year in 2022 was estimated to be around $20 billion, representing an increase from $12.2 billion two years ago in 2020.
The report also notes that the NFL’s tax-exempt status saved the league an estimated $109 million in taxes eight years ago (2015).
While some stakeholders argue that the NFL should not be exempt from taxes, others argue that the league’s tax-exempt status is necessary for the promotion of the sport and the economic benefits (corporate social responsibility) it brings to communities across the country.
The debate over the NFL’s tax status is never-ending, but for now, the league remains exempt from federal income taxes.
Per our findings, this debate over NFL’s tax status is likely to become even more heated in the years to come.
