Poll: Should Comic-Con Pay Taxes on its Annual Revenues of $10 Million-Plus?

Opening for preview today, the convention is classified as a nonprofit, educational group.

In fiscal 2010, La Mesa-based Comic-Con took in $10.1 million—mostly from the sale of membership “badges.”  As a nonprofit educational corporation “dedicated to creating awareness of, and appreciation for, comics related popular art forms,” it doesn’t sell tickets. It also doesn’t pay taxes—. But it also brings in as much as $60 million to the San Diego economy, according to one estimate. Does it deserve tax-exempt status? Or would that threaten its super-draw?

Brian Hanifin July 13, 2012 at 12:07 AM
I am not an expert, but I do know that Comic-Con is the largest comics and pop culture convention in the United States, and I believe the 3rd or 4th largest in the world. That special kind of event bring a ton of revenue to the city via hotel and sales taxes (as mentioned in the article they bring in around $80,000,000 to the region). Not to mention Comic-con pays a ton of money just to rent out the convention hall and the hundreds of employees, security, and overtime for the police both on stand-by and directing traffic. So, I am satisfied they pay their share.
safesantee July 13, 2012 at 12:45 AM
In capitalism if you find a loop hole to make money, then make as much as you can before the law changes. "When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
Ron Selkovitch July 13, 2012 at 03:56 AM
Interesting. Can you expand?
Komfort July 13, 2012 at 01:19 PM
"Labor unions are nonprofits, and they rake in millions of dollars a year tax-free in member dues. Unions don’t have to pay federal or state income taxes on member dues or donations, nor property taxes on much of their real estate. Those items are exempt from the very same taxes unions lobby to raise on everyone else. And the IRS tells FOX Business that, thanks to more extensive tax returns it launched in 2008, it has more information on nonprofits, including unions, and is now initiating a preliminary inquiry to see whether nonprofits are breaking tax laws by not paying what they owe. You might also be impressed that this opulent hotel[187 million dollar Westin Diplomat] is owned by a labor union, and is frequently used for union junkets, government documents show. As is the $15.4 million Hillcrest Golf Club in Saint Paul, Minn. As is the $33 million lakeside resort and golf club in Onaway, Mich., owned by the United Auto Workers Union, a resort now hemorrhaging millions of dollars at a time of auto bailouts and auto job losses" http://www.foxbusiness.com/government/2012/07/05/union-bling-union-junkets-1969452526/


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