Bloomberg Looks At For-Profit Non-Profits

Along the same lines of Senator Tom Coburn's Waste Book war on for-profit non-profits, Bloomberg's David Evans explains to business readers why "companies that walk, talk and quack like a taxpaying business being allowed to not pay taxes" and says "the Treasury could collect tens of billions of dollars each year in taxes from nonprofits that are basically acting like for-profit companies."

Good news Ponte Vedra! In both his story and NPR interview, Evans mentions the NFL and NHL a bunch, but never mentions the PGA Tour as Senator Coburn tried (but like many, referred to the PGA, a different for-profit non-profit).