Skip to comments.Huizenga wants to sell before Obama raises tax (Dolphins owner)
Posted on 10/27/2008 1:53:41 AM PDT by lovesdogsEdited on 10/27/2008 2:00:12 AM PDT by Admin Moderator. [history]
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.
(Excerpt) Read more at sun-sentinel.com ...
Sorry about that typo in the title.
Not wanting to pay his fair share of taxes is unpatriotic. Oh, and racist, too!
Oops, that was the quote, not "Not due in Dec".
You know I almost forgot to mention that Huizenga was “Wayne the trashman” at one time. He started out as a trash collector and ended up with an empire. He owns the the Dolphins, a huge waste collection company, and a huge car dealership (can’t remember if he has since sold that).
And he gives back to the community. The Humane Society in Broward is housed in the Marti Huizenga building, a Nova SE business school has his name on it, and he gives money to many other causes as well. I guess his only sin in Obama’s eyes is that he made a made something of himself and earned a lot of money in the process.
Who could blame Huizenga? Why would anyone want to buy his share if Obama/Pelosio/Reid were in charge? There is simply no incentive for anyone to start or buy a business under those conditions.
As are most stock holders
The Rooney family in Pittsburgh is going through the same dilemna to avoid a higher cap gain on nearly a billion dollars in assets. Dan Rooney, the primary owner-brother, is a big Obama supporter. Typical liberal.
Starting on November 5th if Obama is elected watch for many wealthy people to dump their assets and move money overseas.
Money is leaving before Obamas creation of a national police force to enforce economic justice.
Same is occurring on Wall Street.