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BECAUSE THE NBA NEEDS A SUBSIDY
June 04, 2007
The TaxProf notes a tax subsidy to some of the least needy folks around:
[S]ome state lawmakers are seeking to pass a waiver of the state sales tax charged on tickets for the game and its associated attractions (Arizona has a 5.6% sales tax, with no exception for food or prescription drugs). Matthew Benson writes about this in today's Arizona Republic. The waiver, which is supported by Phoenix Mayor Phil Gordon, is said to be worth between $300,000 to $400,000 to the NBA and its sponsors who buy the tickets. ...
$400,000. That wouldn't fill out LeBron James wardrobe. But without it, surely Phoenix will shrivel up and blow away like a tumbleweed.
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