Trump's Speech and Tax Reform

Trump Speech & Tax Reform

The release is in the “TAX CUTS AND JOBS ACT”. These are some highlights in the “Tax Cuts and Job Acts” bill that effect this event. These are just a few “related” laws under the Act. The Act also makes other interesting “POINTS OF INTEREST” with “Professional Sports” Since 1966, section 501(c)(6) has included language exempting from tax “professional football leagues (whether or not administering a pension fund for football players).” The Internal Revenue Service has interpreted this language as applying not only to professional football leagues, but to all professional sports leagues. The proposal strikes from section 501(c)(6) the phrase “professional football leagues (whether or not administering a pension fund for football players).” In addition, the proposal amends section 501(c)(6) to provide that section 501(c)(6) “shall not apply to any professional sports league (whether or not administering a pension fund for players).” Interesting with the NFL disrespecting Trump and the US, they are now ALL EQUAL players in TAXES.

Listen to video and read below to understand we are ON THE BRINK of this NOW. Starts at 36:17, TRILLIONS of DOLLARS “parked over seaseas” and could have passed easy throwing into the bill. RECORD TIME.

https://www.youtube.com/watch?v=HYQPXvgplbo