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Jerome Simpson Suspended 6 Games


VonBlade

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SANTA CLARA, Calif. (AP) -- The NFL suspended San Francisco 49ers wide receiver Jerome Simpson on Tuesday without pay for the first six games of the season for violations of the league's substance-abuse policy.

The 29-year-old wideout, who had been a candidate to be San Francisco's No. 3 receiver behind Anquan Boldin and Torrey Smith, served a three-game suspension to start last season with Minnesota before the Vikings cut him as he faced more trouble involving drugs and alcohol.

http://sports.yahoo.com/news/nfl-suspends-49ers-wr-jerome-simpson-6-games-205532235--nfl.html

 

Dammit 'Rome. That flip is still the coolest play ever. Get your shit in order.

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AND the NFL. 

“Claims that the NFL is using a tax exemption to avoid paying the tax due on these revenues are simply misinformed,” Spector said.  “The confusion arises from the fact that there is one small part of the NFL unrelated to all this business activity, that is tax-exempt:  The N.F.L. league office.”

Specter is right.  The money passes through the league office to its teams, and the teams pay the taxes.

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How does that tax exemption relate to licensed NFL gear?  They're negotiating huge for-profit deals with TV networks & people like Pepsi or Reebok, let's not pretend they're the Make-a-Wish Foundation.

roughly interpreted, the nfl isnt paying much tax wise on its cut, however all revenue sent down to teams taxes is paid on by the teams, 

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roughly interpreted, the nfl isnt paying much tax wise on its cut, however all revenue sent down to teams taxes is paid on by the teams, 

Yeah I have to assume there's some very creative accounting going on behind the scenes. 

 

But hey, what's more American than a huge corporation not paying taxes?

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The once tax exempted portion on the NFL was the management office.   (As noted above it has been changed).      The NFL Management office charges "dues" from the members.    The Federal Government wanted to tax those dues paid from the teams but couldn't because of the legal classification.     However, the teams couldn't claim the dues as tax deductible expenses on their own individual tax returns.

Now the NFL Management office has dropped the classification so now the expense of the NFL Management office are an allocation charge of operating expense and the team's will just deduct those off their own tax returns and the NFL Management entity will not have any official payments made to it.

 

 

 

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so is not paying taxes, yet we have churches..

There's a flip side.    Take all the kids out of private church schools and dump them in public schools and you have multi billion dollar funding problem for the United States.    The Government benefits greatly by taxing property to fund education and then having a large portion of that tax base not utilize the service. Sure the Government could justify taxation but they already don't have enough money to pay union teachers and provide adequate facilities.   Why dump millions of more kids into it?

If you think medical care is a problem today go around thinking about all the hospitals with ST. Something in the name and think about what would happen if you decreased the funding.

 

 

 

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