Football Wayne Huizenga wants to sell Dolphins - Page 3

Bootlegged · 10-27-2008, 06:27 PM

http://www.sun-sentinel.com/sports/f...,1382404.story

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.

"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.

"Mr. Huizenga is wrong about Senator Obama's tax plan, which calls for a maximum capital-gains rate of 20 percent -- a third lower than the rate that President Reagan set in 1986," said Bobby Gravitz, Obama campaign South Florida spokesman. "Furthermore, Senator Obama's tax cut for 95 percent of working families will mean a whole lot of Dolfans will be better able to afford those ever-rising ticket prices."

Regardless of when he sells, Huizenga vows to maintain a 5-percent stake in the team.

"It's been 19 years and after 19 years, it's kind of time," he said. "I don't want to be one of those owners who gets real old and hangs in there, we know some of those stories already, I don't want to be one of those guys."

Cntrygal · 10-27-2008, 08:04 PM

Quote:

Originally Posted by Phobia

What did the Bills logo used to look like?

You guys are killing me!!!

Bootlegged · 10-27-2008, 08:05 PM

Quote:

Originally Posted by shaneo69

Gee that's funny...the Clinton era was the best period of prosperity in my lifetime (born: 1969). Dumb****.

Umm...Dumbasses are those that don't understand economic cycles and what the effects of gov't intervention are. Look back at the economy in 2000 - how much did you make then? Clinton handed Bush a "tech bubble recession". Or did you just happen to forget that like most liberal morons.

And - why do you think investments have gone south in the last year? The housing market has crashed and has killed all of the banks that made risky mortgages and the associated credit default swaps. You probably don't hear that or want to hear that, but that is what is happening. Not Bushies - although that is the easy route for the stupid to blame.

If you have the intellectual wherewithal - watch this and LISTEN. You will understand why the mortgage market is what it is and why your "Clinton years" did better. Thanks Barney, Nancy, Harry, and Osama.. If you watch this and conclude this was a Republican problem then you are nothing but a Democratic hack.

shaneo69 · 10-27-2008, 08:09 PM

Quote:

Originally Posted by Bootlegged

Umm...Dumbasses are those that don't understand economic cycles and what the effects of gov't intervention are. Look back at the economy in 2000 - how much did you make then? Clinton handed Bush a "tech bubble recession". Or did you just happen to forget that like most liberal morons.

And - why do you think investments have gone south in the last year? The housing market has crashed and has killed all of the banks that made risky mortgages and the associated credit default swaps. You probably don't hear that or want to hear that, but that is what is happening. Not Bushies - although that is the easy route for the stupid to blame.

If you have the intellectual wherewithal - watch this and LISTEN. You will understand why the mortgage market is what it is and why your "Clinton years" did better. Thanks Barney, Nancy, Harry, and Osama.. If you watch this and conclude this was a Republican problem then you are nothing but a Democratic hack.

You know what? I could ****ing care less who's to blame now or who was the catalyst behind the '90's prosperity. All I know is there was a Democrat as President then, and a Republican for the last 8 shitty years. Guess who I'm voting for this year?

Bootlegged · 10-27-2008, 08:12 PM

Quote:

Originally Posted by shaneo69

You know what? I could ****ing care less who's to blame now or who was the catalyst behind the '90's prosperity. All I know is there was a Democrat as President then, and a Republican for the last 8 shitty years. Guess who I'm voting for this year?

I get it. Dumbasses rule the world.

"I don't want to hear facts - I wanna cry and blame Bushie!"

shaneo69 · 10-27-2008, 08:18 PM

Quote:

Originally Posted by Bootlegged

I get it. Dumbasses rule the world.

"I don't want to hear facts - I wanna cry and blame Bushie!"

I'm not blaming Duhbya. The facts are Clinton was in office when the country was running smoothly, and both Bushes were in office when we've been in a constant state of war and economic failure.

Bootlegged · 10-27-2008, 08:21 PM

Quote:

Originally Posted by shaneo69

I'm not blaming Duhbya. The facts are Clinton was in office when the country was running smoothly, and both Bushes were in office when we've been in a constant state of war and economic failure.

Plug your ears and scream when facts hit you Shane. You can't fix stupid and unfortunately you seem to fit in that class.

Do you think we have kings/queens in the US? Is congress not involved? Are there economic cycles or should the world markets just go up endlessly? You can't be this stupid - can you?

shaneo69 · 10-27-2008, 08:26 PM

Quote:

Originally Posted by Bootlegged

Plug your ears and scream when facts hit you Shane. You can't fix stupid and unfortunately you seem to fit in that class.

Do you think we have kings/queens in the US? Is congress not involved? Are there economic cycles or should the world markets just go up endlessly? You can't be this stupid - can you?

You're the one plugging your ears to the facts.

'90's - Clinton - peace & prosperity

'00's - Bush - war & economic catastrophe

shaneo69 · 10-27-2008, 08:28 PM

Quote:

Originally Posted by shaneo69

You're the one plugging your ears to the facts.

'90's - Clinton - peace & prosperity

'00's - Bush - war & economic catastrophe

And the biggest national issue during the Clinton administration was whether he got a BJ from an intern.

Johnny Vegas · 10-27-2008, 08:30 PM

Quote:

Originally Posted by Bootlegged

Plug your ears and scream when facts hit you Shane. You can't fix stupid and unfortunately you seem to fit in that class.

Do you think we have kings/queens in the US? Is congress not involved? Are there economic cycles or should the world markets just go up endlessly? You can't be this stupid - can you?

when the economy turned around after each depression/recession in the past who was in office? Who was there before/during the recessions turned around and who was in when it recessed? This is not about Bush. Its about the philosophy of the party when in office during a economic recession.

edit:
I'm also all for tax money from capital gains going into schools/education. Up here in Montana the state can't get enough funding and keep shutting down more schools..pretty sad.

whatsmynameagain · 10-27-2008, 09:01 PM

Quote:

Originally Posted by Bootlegged

Jesus - how f'n stupid are you?

Have you ever bought a stock? I guess not..

Let me give you an example you may understand - but probably won't.

You buy 100 shares of "WMT" Wal-Mart at $45/share. You sell the stock 3 years later when its at $80/share. You've made $3500 because you A.) did your homework on a good company and invested in it B.) took a risk with your hard earned money C.) Considered the market timing and thought it was a good investment.

So you made $3500. Then tax time comes. Instead of paying your current 15% share of capital gains tax ($525), you will pay the new Obama tax of 29% ($1015).

Why? Because you took your hard earned money - risked it - and are a capitalist. Obama would like you to pay twice that amount.

So when Wayne says he needs to sell - extrapolate that out to his 100's of millions for the Dolphins. Why would he want to give that to Obama to spend on his "programs"?

Warren Buffet

GAME OVER

whatsmynameagain · 10-27-2008, 09:04 PM

Quote:

Originally Posted by Bootlegged

Plug your ears and scream when facts hit you Shane. You can't fix stupid and unfortunately you seem to fit in that class.

Do you think we have kings/queens in the US? Is congress not involved? Are there economic cycles or should the world markets just go up endlessly? You can't be this stupid - can you?

Congress has been controlled by whom 6 out of the last 8 years? STAY DOWN BITCH!

Bootlegged · 10-28-2008, 07:04 AM

Quote:

Originally Posted by whatsmynameagain

Warren Buffet

GAME OVER

Fairplay · 10-28-2008, 07:41 AM

bump for the first post made on this.

Fairplay · 10-28-2008, 09:27 AM

**gblowfish** · 10-28-2008, 09:33 AM

Let's buy them and move them to Olathe!

10-27-2008, 06:27 PM
Bootlegged One4Mahomes Join Date: Jun 2001 Location: f Casino cash: $9955545	Wayne Huizenga wants to sell Dolphins http://www.sun-sentinel.com/sports/f...,1382404.story 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. "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. "Mr. Huizenga is wrong about Senator Obama's tax plan, which calls for a maximum capital-gains rate of 20 percent -- a third lower than the rate that President Reagan set in 1986," said Bobby Gravitz, Obama campaign South Florida spokesman. "Furthermore, Senator Obama's tax cut for 95 percent of working families will mean a whole lot of Dolfans will be better able to afford those ever-rising ticket prices." Regardless of when he sells, Huizenga vows to maintain a 5-percent stake in the team. "It's been 19 years and after 19 years, it's kind of time," he said. "I don't want to be one of those owners who gets real old and hangs in there, we know some of those stories already, I don't want to be one of those guys."
Posts: 5,234

10-28-2008, 07:41 AM	#43
Fairplay A certain set of skills Join Date: Dec 2003 Location: texas Casino cash: $10026683 VARSITY	bump for the first post made on this.
Posts: 25,265

10-28-2008, 09:27 AM	#44
Fairplay A certain set of skills Join Date: Dec 2003 Location: texas Casino cash: $10026683 VARSITY	...
Posts: 25,265

10-28-2008, 09:33 AM	#45
gblowfish Be Kind To Your Pets Join Date: Jun 2002 Location: Glorious Independence, MO Casino cash: $16886178 VARSITY	Let's buy them and move them to Olathe!
Posts: 41,016