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To: Responsibility2nd

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.

Read More: http://sportsillustrated.cnn.com/nba/news/20140429/donald-sterling-nba-adam-silver-clippers-lawsuit-lifetime-ban/#ixzz30VAV4ilQ


2 posted on 05/01/2014 2:27:28 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: Responsibility2nd

I hope he sues the NBA.


3 posted on 05/01/2014 2:31:05 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Responsibility2nd

So its a win-win-win for political correctness, lefty-buyers of the team, and Government!


6 posted on 05/01/2014 2:41:22 PM PDT by PGR88
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To: Responsibility2nd

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.


7 posted on 05/01/2014 2:42:29 PM PDT by ImJustAnotherOkie (zerogottago)
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