Nathan Goldman on Sports Team Owners Utilizing Tax Write-Offs
Nathan Goldman, assistant professor of accounting, breaks down the temporary tax write-offs sport team owners are using, including Carolina Pathers owner, David Tepper.
“That means for the next 15 years, the Tepper family is getting this large tax deduction which they can use to offset the income they’re getting from other sources,” said Goldman. “These people are not tax criminals, they are following the tax rules and they just happen to be in an industry where the rules are behind the reality.”
Read more on Fox 46.