Quote:
Originally Posted by JGibson
NBA was never tax-exempt and MLB gave up it's tax exemption in 2007 and the NFL gave up its tax exemption in 2015.
It's time the multi-billion dollar moral high ground PGA gave up their tax exemption.
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So, the question is whether the PGA makes a taxable profit????? Unless we hear from their accountant, none of us knows. Remember, all those "billions" are won by players who pay tax. The rest is given to charity or covers administrative costs. There are no shareholders and no team owners like those other leagues.