But Tax Policies Have no Impact on Behavior in the Real World
From the Orlando Sentinel.
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.