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re: Who sets the price for the forced sell of the Clippers?
Posted on 5/1/14 at 3:28 pm to medtiger
Posted on 5/1/14 at 3:28 pm to medtiger
Assuming Sterling falls into the highest tax bracket, he would pay 20% on the $738 million difference so he would be paying about $150 million.
I would imagine the sell of the team would go through arbitration.
I would imagine the sell of the team would go through arbitration.
2
Posted on 5/1/14 at 3:30 pm to TheRookbird
The team sale would be considered a capital gain which is taxed at 33% which includes Cali state tax
This post was edited on 5/1/14 at 4:05 pm
Posted on 5/1/14 at 3:32 pm to TheRookbird
He could technically divorce, his wife would take half the team, and let his wife buy his half for 'market value' (~$300mil).
How much tax would that be? the 33% still?
How much tax would that be? the 33% still?
This post was edited on 5/1/14 at 3:33 pm
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