As the Times pointed out the bill is facing a steep risks, but both the bills highlight how absurd it is that any of the top sports organizations- most notably the Madden 24 coins and the NCAA are exempt from having to pay taxes.

The Madden NFL 24 has received tax-exempt status since it's as a "trade organization" The teams technically earn the money the league generates, then return it to the league in dues. The teams are tax-paying, but the league itself isn't. But, claiming that the Madden NFL 24 can be similar to a labor union or a charity is simply absurd. Even though non-profit organizations can declare the majority of their expenses as legitimate ones but the Madden NFL 24 was able to report an impressive profit of nearly $9 million in 2012. It posted nearly $327million in revenue total and paid Commissioner Roger Goodell $44 million.

However, this isn't a Madden NFL 24 issue. The NCAA, which claims nonprofit status because of its efforts to support student athletes and their families, raked in $871.6 million in 2012 and is making record-breaking expenditures on lobbying to prevent those athletes from receiving any of the funds. Even the smallest foot races that are awash with huge amounts of money, which include extravagant trips and pay organizers handily have claimed nonprofit status.

It's time to put an end to the fa?ade.

Tax-exempt status is meant to be granted to companies that are not solely focused on making money, especially those that seek to assist the general public in their efforts. Even discounting this past week's events, Madden NFL 24 has proven that it's solely focused on making a profit and benefiting itself and its teams, as USA Today pointed out:

"If there's a rationale for providing tax exemption to businesses, it would be they operate for the public interest of helping commerce for all in a broad segment of some type of business or business in general," explained (Philip) Hackney who is who is an LSU legal professor, who had previously worked as an IRS attorney in the area of Madden nfl 24 coins  tax exempt-organization questions. "Commerce is crucial for our country and we should encourage those who are engaged in it in a very public manner. These (sports) organisations are, to my mind, are not public-minded, despite their profit interest. They are focused on making money of their franchises."