Posted on 08/04/2004 10:39:44 AM PDT by Willie Green
A GOP provision in an export-tax bill would permit new owners of pro sports franchises to write off the value of the team, which they couldn't do before. Tax experts say the 15-year write-off rule could add, on average, 5 percent to team values when they are sold.
Big-time professional sports teams are privately owned companies that pay their marquee employees enormous sums of money to entertain fans in publicly subsidized stadiums that never pay for themselves. Those who care absolutely nothing about sports -- or even hate sports -- still pay taxes in support of these private enterprises.
And more help is on the way.
(Excerpt) Read more at pittsburghlive.com ...
I'm agin it........lets get rid of special treatment and treat us all the same.
I can see why you posted this.
John Kerry thanks you.
You should extend your candidate's gratitude directly to the GOP, narby.
I'm opposed to both Republicrat offerings and won't act as a go-between.
Are you a conservative or a Republican party hack?
Legendary quote from Jesse Ventura when he refused to support a new stadium for the Twins: "If they can afford to pay $80 million contracts to players, then they can afford to build their own stadium."
Those who think the public schools are grossly mismanaged, ineffective, social engineering cesspools also still pay taxes to support them.
Good read! Thanks Willie!
this one does suck
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.