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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Ann Corrigan who wrote (52268)10/27/2008 1:40:08 PM
From: jrhana2 Recommendations  Read Replies (2) | Respond to of 224704
 
Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax
By Sarah Talalay | South Florida Sun-Sentinel
October 27, 2008

sun-sentinel.com

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.