Is the National Football League, a $9 billion-a-year business, actually a nonprofit
organization? How about the National Hockey League – are they in a labor
dispute with the players because their nonprofit status means they can only pay
menial salaries? Or what about the Professional Golfers’ Association, where four
days of play can bring fat, six-figure payouts? Is Tiger Woods part of a
PGA where profits are not allowed?
Well, the truth is that each of these pro sports empires is allowed to call
themselves “nonprofit” under an IRS tax code loophole, avoiding tens of
millions of dollars of taxes each year, according to ABC News.
The NFL loophole is perhaps the most glaring of 100 examples in Sen. Tom Coburn’s new report on
government waste, which identifies $19 billion in waste.
“We have some of the biggest
corporations in America paying no taxes whatsoever,” Coburn, an Oklahoma
Republican, told ABC. “You know something is wrong with the (tax) code.”
year’s “Waste Book:”
development of “Robosquirrel” — a robotic rodent designed to test
the interaction between rattlesnakes and squirrels.
budget for any manned spaceflights to Mars, the agency spends about $1 million
each year on developing “the Mars menu.” It’s an effort to come up
with a variety of food, including certain types of pizza, that humans could eat
one day on Mars.
food stamp system, including an exotic dancer who earned more than $85,000 a
year in tips, but also collected nearly $1,000 a month in food stamps while
spending $9,000 during that time period on “cosmetic enhancements.”
Science Foundation to a New York-based theater company so it could develop a
musical about climate change and biodiversity. “The Great Immensity”
opened in Kansas City this year. Along with the songs one reviewer described as
sounding like “a Wikipedia entry set to music,” the audience was also
able to experience “flying monkey poop.”
renovate a luxury yacht, and to pay for shuttle buses to the Super Bowl.
the federal budget, Coburn said the examples of waste are snapshots of the
bigger problem. And the biggest problem of all – itself a waste of federal
dollars – is Congress, he added.
deficits. The way you get rid of trillion-dollar deficits — a billion at a
time,” Coburn told Fox News.
Congress as the biggest waste of tax dollars in 2012 – No. 1 on the list.
Washington that these (examples) represent national priorities, or would you
conclude these reflect the out-of-touch and out-of-control spending threatening
to bankrupt of nation’s future?” he said.
In this year’s list,
Coburn explains that Congress — one half of which is controlled by his own
party — is on track to be the least productive since 1947. He told The Hill that the House and Senate have approved only
61 laws this year, and Coburn says the $132 million spent to run Congress has
been a waste.
“All of the outrageous and wasteful contents of this report were made
possible by either the action or lack of action of Congress, earning it the
well-deserved but unwanted distinction as the biggest waste of taxpayer money
in 2012,” Coburn concluded.




This is so interesting blog. You are best listing knowledge provide at this site. I am very excited read this nice article. You can visit my site.
non profit organization lists