Posted on 10/27/2008 7:27:29 PM PDT by DocT111
Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision.
That's because a Barack Obama administration is expected to mean higher capital-gains taxes.
"He wants to double the capital gains tax, or almost double it," Huizenga said. "I'd rather give it to charity than to him."
Ross purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year with the intention he would eventually become majority owner. NFL owners approved the eventual transfer this month, meaning it can take place anytime.
(Excerpt) Read more at sun-sentinel.com ...
They were starting to shape up to...
It is a SAD day for me when my teams owner (Rooney) gives obambi a love-fest and Miami’s owner acts like he has some sense.
Stay tuned. The stock market sell off could get real ugly between now and the end of the year if Obama wins.
Obama to Huizenga:
Squish the Fish!
There are a lot of transactions that will be occurring because of the risks presented by an Obama Administration. The only guy smiling is T. Boone Pickens.
The Steelers will also change hands in the next couple of months because of Obama.
I’m scratching my head on that one as well. Why would successful buss. owners who used capitalism and conservatism to get rich, collude with a socialist Muslim like Obama? This is what my right-wing business management professor @ university explained as simply “getting rich guilt”.
Joke’s on him.
The tax will be retroactive.
Clinton set the precedent already...
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