Jack, the recent merger between the PGA Tour and LIV Golf, funded by the Saudi Arabia Public Investment Fund, is a stark example of how leagues exploit their tax-exempt status.
By accepting funds from the Saudi Arabia Public Investment Fund, the PGA Tour is complicit in an attempt to "sportswash" the reputation of autocrats responsible for human rights abuses. Taxpayers should not have to subsidize sports franchises that don't live up to our values.
Sign the petition: Eliminate tax-exempt status for major sports leagues!
SIGN THE PETITION
Between 2016 and 2019, the PGA Tour generated over $250 million in profits, with $1.5 billion in revenue in 2019 alone. Similarly, the NCAA and NHL generate significant revenues without paying their fair share in taxes. It's unacceptable that billion-dollar organizations like the PGA Tour operate as tax-exempt nonprofits while contributing nothing in income taxes.
It is time for Congress to revoke the tax-exempt status of major sports leagues. Rep. John Garamendi has proposed legislation in response to the PGA/LIV merger that would do just that. And by closing this loophole, we can ensure fairness and hold these corporations accountable.
We must act now to eliminate the tax exemption for major sports leagues and create a more equitable tax system. Sign the petition: Eliminate tax-exempt status for major sports leagues!
SIGN THE PETITION
Thank you for fighting with us,
Mayra Souza, Daily Kos
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