Regis Philbin
Oct 28th, 2008, 06:59 PM
<----- The Philbin family sold our business last year in part for fear of increasing capital gains taxes in the future---we were also offered 4 times market value for it---so, that kinda got the ball rolling, if ya know what I mean. ;)
There will be a lot less business activity under The One's dictatorship...er...presidency because of his tax policies and anti-free market attitude.
http://www.sun-sentinel.com/sports/football/pro/dolphins/sfl-flspdolwayne27sboct27,0,1382404.story
Wayne Huizenga may rush sale of Dolphins 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.
"If you do it this year or you do it next year, the difference is humongous because of the taxes," Huizenga said.
But the Obama campaign disputed Huizenga's figures on Monday, saying the candidate's plans are to raise the capital gains tax maximum from 15 percent to 20 percent -- a 33 percent increase, not double. And the top rate would be for families earning more than $250,000 or individuals earning more than $200,000.
There will be a lot less business activity under The One's dictatorship...er...presidency because of his tax policies and anti-free market attitude.
http://www.sun-sentinel.com/sports/football/pro/dolphins/sfl-flspdolwayne27sboct27,0,1382404.story
Wayne Huizenga may rush sale of Dolphins 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.
"If you do it this year or you do it next year, the difference is humongous because of the taxes," Huizenga said.
But the Obama campaign disputed Huizenga's figures on Monday, saying the candidate's plans are to raise the capital gains tax maximum from 15 percent to 20 percent -- a 33 percent increase, not double. And the top rate would be for families earning more than $250,000 or individuals earning more than $200,000.