100 Million? 200 Million?
The SI article suggests a much higher amount...
For instance, if he sold the Clippers today for $1 billion, Sterling would pay capital gain taxes of 33 percent on a gain of $987.5 million. As a result, Sterling would owe Federal & state capital gain taxes of approximately $329 million.
I hope he sues the NBA.
So its a win-win-win for political correctness, lefty-buyers of the team, and Government!
Well, if he get’s some bleeding heart liberal buyers who pay double what they should, so what? He’ll still come out ahead.
The buyer’s will pay the taxes not him.