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Author Topic: PGA tax breaks  (Read 334 times)

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Wildcard

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PGA tax breaks
« on: December 13, 2013, 11:12:45 AM »

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Pudd

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Re: PGA tax breaks
« Reply #1 on: December 13, 2013, 11:23:26 AM »

wow.
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Super Tuna

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Re: PGA tax breaks
« Reply #2 on: December 13, 2013, 01:08:35 PM »

A: I really hope this isn't swept under the rug like I suspect the Tour will try to go
B: The numbers for the actual donations per event don't sound too far off to be honest.
C: Spouting local economic boost is often a load of crock. See sports teams like the Braves that kill Georgia tax paxers, especially the sneaky way the new stadium looks to be going in

I will be following this one closely.
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Captain Gasman™

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Re: PGA tax breaks
« Reply #3 on: December 13, 2013, 01:11:07 PM »

A: I really hope this isn't swept under the rug like I suspect the Tour will try to go
B: The numbers for the actual donations per event don't sound too far off to be honest.
C: Spouting local economic boost is often a load of crock. See sports teams like the Braves that kill Georgia tax paxers, especially the sneaky way the new stadium looks to be going in

I will be following this one closely.

I will say that regarding "C" helps me out big time. My business is a mile away from Riviera and every year when the tour makes its stop my store sales get a nice boost for a week. It is much appreciated.
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Super Tuna

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Re: PGA tax breaks
« Reply #4 on: December 13, 2013, 01:18:56 PM »

I will say that regarding "C" helps me out big time. My business is a mile away from Riviera and every year when the tour makes its stop my store sales get a nice boost for a week. It is much appreciated.

Is that a consistent every year event?
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Captain Gasman™

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Re: PGA tax breaks
« Reply #5 on: December 13, 2013, 01:19:38 PM »

Is that a consistent every year event?
Yep. The middle of February every year.
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Esox

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Re: PGA tax breaks
« Reply #6 on: December 13, 2013, 06:53:32 PM »

Tiger screwed this up, too.

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‡Shαnk‡

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Re: PGA tax breaks
« Reply #7 on: December 14, 2013, 05:37:32 PM »

This is déjà vu all over again...

From 1992:

http://articles.philly.com/1992-02-25/sports/26039052_1_mobil-cotton-bowl-tax-bills-sun-bowl

The battle with The IRS won in 1992 (and the NCAA lost),  was probably the biggest single factor contributing to the size of the purses today.

I Find it interesting, that the ESPN article doesn't even talk about the tax breaks that corporations who sponsor Tour events get. The charitable status the Tour has allows corporations to chalk that up as a charitable donation, as opposed to marketing.

It's sad about The CMN tourney having to have been stopped, but the truth is that today, every event needs a major sponsor to survive.

The TMN tournament expected a lot more help from corporations, but just didn't get it.

EDIT: As an aside, if you look closely at the numbers, if The Tour lost their charitable status, the money's that have gone to charity, would end up in Washington's coffers. Almost dollar for dollar.

In addition, you'd see fewer dollars going to both Washington and the players because corporations wouldn't find sponsoring an event so appealing.

« Last Edit: December 14, 2013, 06:14:46 PM by ‡Shαnk‡ »
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‡Shαnk‡

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Re: PGA tax breaks
« Reply #8 on: December 14, 2013, 06:35:55 PM »

A: I really hope this isn't swept under the rug like I suspect the Tour will try to go
B: The numbers for the actual donations per event don't sound too far off to be honest.
C: Spouting local economic boost is often a load of crock. See sports teams like the Braves that kill Georgia tax paxers, especially the sneaky way the new stadium looks to be going in

I will be following this one closely.

As far as C is concerned, I tend to agree. The Harvard School if Business did a study on the impact of a Major League Baseball franchise in the local economy. This was during the MLB strike, and they concluded that the impact of losing an MLB franchise was about the same as closing a single Walmart.

I think this situation is a little different in that tax payers aren't being asked to build a new stadium, we're simply talking about whether you want The PGA Tours profits (excess revenue) to go to Washington or a charity.

If the argument is that the players get too much money, I can respect that opinion.

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butters

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Re: PGA tax breaks
« Reply #9 on: December 14, 2013, 06:53:35 PM »

I do think you need to add the Money players are donating to different charities too. 

Is hard to measure the true impact of tournaments.   

Also, what would be the impact for all involved if the Pga was deemed for profit. 

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