Look into any stadium in America; 50% and more of the patrons will deduct the expense of the tickets, hot dogs and beers as a business expense. These deductions are a “business expense” and while it is great to bond with your colleagues and clients; is this an industry our country can afford to give tax breaks too? What does it do to address our real challenges of healthcare, education, global competiveness ? Why should we enrich owners and players through expensive ticket and concession sales ? These tax breaks inflate prices to a level that an ordinary family without an expense account can’t afford to go to a game.
Where is our money going?
Apr 10, ’11
2:01 PM
(Cross-posted from the COFAR blog)
How accurately is the state tracking salaries earned by human services contractors in Massachusetts?
We looked at state fiscal reports, known as Uniform Financial Reports (UFR's), which were filed by three of the largest contractors to the Department of Developmental Services, and we think these records raise that question.
In each case — the May Institute, Vinfen, and Seven Hills — the UFRs for the Fiscal Year 2009 listed lower salaries and other compensation for the same executives than did 2009 IRS tax filings for the same firms (Form 990s available on GuideStar). The UFR's also listed a lower number of executives earning high levels of compensation than were listed on the Form 990s for the same firms.
