However, this isn't a Madden 24 coins issue. The NCAA has claimed nonprofit status because of its efforts in helping student-athletes to improve their performance, collected $871.6 million in 2012 and is spending record amounts on lobbying to block these same athletes from receiving any of the funds. Even the smallest foot races that involve huge amounts of money, take extravagant trips and pay organizers in a huge amount they claim that they are nonprofit.
It's the time to break the facade.
Tax-exempt status must be granted to those who have a purpose greater than making a profit, in particular those that seek to assist people in their work. Although we can't ignore the last week's incident, Madden NFL 24 has proven that it's only focused on earning a profit and gaining for itself and its teams. USA Today pointed out:
"If there's a rationale of tax exempting business leagues, it will be that they serve the general purpose of supporting commerce for all within the broad scope of one kind of business or all around," declared (Philip) Hackney, who is an LSU faculty member who previously was an IRS attorney, a tax lawyer who dealt with exempt-organization tax issues. "Commerce is essential to our country, and we should support those engaged in it to do so in a fairly public manner. These (sports) organisations are, to my mind, aren't public-minded at all in their profits. They are focused on the profits from their franchises."
It's not a good idea to see sports organizations as entities that transcend business and buy mut 24 coins are concerned with the greater good. But it's just rhetoric.
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