NEPatriot

The sale of the Miami Dolphins has been approved, but the owner hopes to expedite the transfer, saying he doesn't want to pay more capital gains taxes under an Obama administration.

FOXNews.com


H. Wayne Huizenga has been eyeing more than players' stats this season. As national polls swing further into the blue, the Miami Dolphins owner is saying he'd rather sell his team now than later, after Barack Obama is inaugurated.
"He wants to double the capital-gains tax, or almost double it," Huizenga told the Sun-Sentinel in Fort Lauderdale. "I'd rather give it to charity than to him.”
Huizenga is set to sell up to 45 percent of the team to Stephen Ross, who already purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year. NFL owners approved the transfer this month so it can take place any time.
"If you do it this year or you do it next year, the difference is humongous because of the taxes," Huizenga said.
The Obama camp said Huizenga's numbers are all wrong, explaining to the newspaper that the capital gains tax would only go up from 15 percent to 20 percent, a 33 percent increase, not a doubling of the tax.

TheComeback

No wonder the Dolphins have been so bad. This guy is going to sell an NFL team because of a 5 percent tax increase? Not to mention that raising taxes requires an act of Congress, so nothing is going to happen right away just because Obama is elected.

Amazing that even millionaire businessmen can't keep themselves properly informed.

KontradictioN

Considering the complexion of his face, I would have thought he would sell the team to either Clearasil or NASA.

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CREDIT - Sicilian

Rob0729

In fairness to Huizenga, he already sold near half of the team because of money issues. Also, he may be right in doing it because of the capital gains tax increase that is likely to come if Obama wins and the Democrats wins enough of the Senate to block fillabusters. It seems like this tax is likely to happen and Huizenga may have a buyer now. Huizenga shouldn't wait until the tax becomes more of a reality if he is honestly scared of the increased tax.

Not going to try to turn this into a political discussion on whether I agree with him or not, but buyers with hundreds of millions of dollars to spend don't come around every day.

Deus Irae

Yes, it's all a mistake by the millionaire, because Democrats have never done anything like passing tax hikes and making them retroactive...

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"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
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vyrago

[QUOTE=NEPatriot;1133820]The sale of the Miami Dolphins has been approved, but the owner hopes to expedite the transfer, saying he doesn't want to pay more capital gains taxes under an Obama administration.

Oh poor Waynie. Maybe I'll send him a check...NOT!

patchick

I can't imagine he actually believes it. He's simply doing his best for the Republican party by making headlines in all-important Florida with his exaggerated claims. Quite clever, really.

lostjumper

Are you really that uninformed?

Besides, Obama's camp admits the plan to raise the capital gains tax as soon as he gets into office, just not as much as Wayne thinks.(Obama will make that up in other taxes)

Terry Glenn is a cowgirl

here we go with the Hegelian Dialectic...

Closely watch the middle of my sig file for a more indepth meaning.

JoeSixPat

So I take it this means my offer of $5 was rejected?

What a classless organization. I have to find out reading about it in the press? They didn't even have the decency to respond personally?