I’m pro-Vikings stadium, but anti-corporate welfare, so I’m trying to figure out a creative way to help get a new stadium built for the Purple. Here’s one idea: tax the revenue generated fro scalped tickets.
For example, 2011-12 season tickets run between $28-$128/game. But, here is what great seats (the ones closer to $128 each) are currently going for on StubHub.com:
Some quick math tells me that $290 is more than $128. That one screenshot shows 43 seats selling for nearly $7,000 above face value. That’s 43 out of 5,969 tickets currently on sale for that game. Which game? The Detroit Lions!
Here’s the deal: Seats like the ones listed above are often purchased by businesses, then deducted from taxes as an entertainment expense. It’s yet another way that Zygi Wilf’s welfare queen enterprise is subsidized by the state and federal governments. But, I have a decent hunch that the tickets sold on StubHub are often NOT reported as income.
It doesn’t seem like it would be particularly difficult to determine who is scalping tickets they’ve taken tax deductions on. And, it seems like StubHub would make it pretty darn easy to figure out how much unreported income is being generated on those no-longer-entertainment-expensable tickets.
Well, Vikings fans, what do you think? Could we find a few million dollars a year by going after sports tax cheats?
This seems like something true Vikings fans, like Cory Merrifield at SaveTheVikes.org would support, since true Vikings fans use their tickets themselves rather than selling them on StubHub.
The one downside to this is that the tax cheating isn’t really a Vikings stadium issue but a general fund issue, so we really should try cleaning up this mess to improve our state’s budget, THEN talk about whether corporate welfare for Zygi Wilf’s is justifiable.