Think of the tax value of $9billion in overall revenue. Now imagine a year where that revenue isn't generated... or at best only a fraction of it is generated.
I think that's worth the Fed's time and money to assist in a resolution to the NFL/NFLPA dispute.
The Federal Mediation and Conciliation Service was created under the terms of the Labor Management Relations Act of 1947... The FMCS offered its services upon request or in disputes affecting interstate commerce
Think of the tax value of $9billion in overall revenue. Now imagine a year where that revenue isn't generated... or at best only a fraction of it is generated.
No.
If people don't spend $9B on pro sports, it's $9B they'd spend on something else.
it is, in fact, the government's job.this and the fact that its not the governement's job
Why is this so hard for people to understand?
No.
If people don't spend $9B on pro sports, it's $9B they'd spend on something else.
Read my second post. NFL employees (Players, coaches, front office) make around $4 billion a year. That's $4 billion in taxable income that won't get paid out if there's a lockout. Most of that income goes to very well paid people who pay from the highest tax braket and are also subject to AMT and other penalties for making a lot of money.
That's over $1 billion in lost tax revenue.
Spending 16 days trying to work things out is a good tradeoff/financial risk.
So what? That money will instead get spent on other things and will simply go into somebody else's paycheck where it will be taxed there.
Besides, doesn't every leftist moron already claim that secretaries effective pay higher tax rates than billionaires?
A farmer, Roscoe Filburn, was growing wheat for on-farm consumption. The U.S. government had imposed limits on wheat production based on acreage owned by a farmer, in order to drive up wheat prices during the Great Depression, and Filburn was growing more than the limits permitted. Filburn was ordered to destroy his crops and pay a fine, even though he was producing the excess wheat for his own use and had no intention of selling it.
your grasp on finance and business astounds me.
*crickets*
Probably has to do with taxes and the fact that the NFL gets an exemption from the Fed which lets them essentially operate as a monopoly.
the NFL does not get exempted from anti-trust lawsI think that is the most valid reason.
They had to dissolve the players union to do that, actually. They can't normally sue the NFL.the NFL does not get exempted from anti-trust laws
http://www.thegrio.com/sports/supreme-court-refuses-monopoly-on-nfl-apparel.php
which is why the NFL players are currently suing the owners for violating anti-trust laws.