PGA Tour Thriving On Tax Breaks
By Torleif Sorenson on 12/17/13
Back in September, we told you about S.1524, "The Properly Reducing Overexemptions for Sports Act" — legislation proposed by U.S. Senator Tom Coburn (R-Oklahoma). Coburn's bill seeks to:
The PGA Tour's donations to charitable and community amount to $2 billion over the last 75 years, offsetting tax breaks totaling roughly $200 million over the last 20 years. The Tour's contributions far and away outweigh those of the National Football League, which amounts to some $368 million over the last 40 years.
Whether or not you agree with the NFL and the PGA Tour receiving non-profit status, Lavigne's report is definitely worth seeing and reading.
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