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To: longtermmemmory

RE: forcing him to sell will jam his capital gains tax so it is no gain. forcing him to sell essentially becomes a loss.

He bought the Clippers for just $12 Million in 1981.

If he sells the team for $750 Million, his capital gains would be $738 Million. even if the government took half of that, he’d still be over $360 million cash positive.


13 posted on 04/30/2014 1:32:03 PM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: SeekAndFind

Not counting the revenue he has accrued over the last 30 years.


20 posted on 04/30/2014 2:37:18 PM PDT by Know et al (No one has ever choked to death on a raw oyster.)
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