As the Times said that the bills are facing high chances, but both of them bring to Mut 24 Coins light just how ridiculous it is that any major sports organization -- most notably The Madden NFL 24 and the NCAA are exempt from having to pay taxes.

It's been reported that Madden NFL 24 has received tax-exempt status as it's to be a "trade organization" -- the teams actually receive the funds the league makes, and pay back the league dues. Teams pay taxes however, the league does not. But, claiming that the Madden NFL 24 does not count as equivalent to a labor union or a charitable organisation is patently absurd. Although nonprofit organizations are able to claim most unnecessary expenses as legitimate ones The Madden NFL 24 nonetheless reported an impressive profit of nearly $9 million in 2012. It made nearly $327 million in total revenues and paid Commissioner Roger Goodell $44 million.

But this isn't just an Madden NFL 24 issue. The NCAA also claims non-profit status because of its efforts to support student athletes, claimed $871.6 million during 2012 and is making record-breaking expenditures on lobbying to block these same athletes from receiving any of the money. Even the smallest foot races that involve huge amounts of money, go on extravagant trips and pay organizers handily they claim that they are nonprofit.

It's time to put an end to the façade.

Tax-exempt status should be provided to organizations that are more than making a profit, in particular ones who seek to aid the public in their pursuit. Even discounting this past week's events, Madden NFL 24 has proven that it's only focussed on making money and benefiting itself and its teams. As USA Today pointed out:

"If there's any reason for tax exempting businesses, it would be that they serve the public purpose of aiding commerce across the broad spectrum of Madden nfl 24 Coins a type of business or business generally," said (Philip) Hackney who is an LSU lawyer who was an IRS attorney who argued tax-exempt organization questions. "Commerce is vital to our country, and we should be encouraging those engaged in this field in a very public way. These (sports) organizations are, to my mind, are anything but public-minded in their financial interests. They are focused on the profits from their franchises."