(frankieleon)

After Decades Of Raking In Mountains Of Money, NFL Finally Decides To Abandon Not-For-Profit Status

Last season, the NFL generated $10.5 billion in revenue, of which a solid $1 billion was profit. That’s a lot of money. And yet despite basically being able to fill a Scrooge McDuck tower thousands of times over, the NFL has been a tax-exempt non-profit organization — until today. [More]

Strip Club Claims Lap Dances Are Just As Arty As Other Dances & Should Be Tax Exempt

Strip Club Claims Lap Dances Are Just As Arty As Other Dances & Should Be Tax Exempt

Is there a difference between bumping and grinding to the beat while sort of sitting on someone’s lap, and creating art through dance? One strip club in New York doesn’t think so, and as such, wants to be exempt from state taxes just like any other artistic venue. The club is on the line for $124,000 in unpaid taxes and is heading off to the Court of Appeals to face the state tax department with lap dances at the center of the fight. [More]