Quote:
Originally Posted by cupcake
for fear of Barack Obama raising taxes
Obama campaign disputes figures
By Sarah Talalay | South Florida Sun-Sentinel 8:24 PM EDT, October 27, 2008
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.
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
Its in the South Florida Sun Sentinel |
Guess we should go back to the Republican President Dwight Eisenhower's tax plan where any income earned above $3.2 million was taxed at 91%. Then we won't have outrageous prices for these sports teams, and average people will be able to afford getting season tickets.