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re: Who sets the price for the forced sell of the Clippers?
Posted on 5/1/14 at 3:32 pm to TheRookbird
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
2
Posted on 5/1/14 at 3:36 pm to htran90
quote:
He could technically divorce, his wife would take half the team, and let his wife buy his half for 'market value' (~$300mil).
I guess he could do that if he wanted to go scorched earth, but she would take half of everything else. A pretty big hit just to give a middle finger to the NBA.
Posted on 5/1/14 at 3:38 pm to htran90
1 billion - 12.5 mil =987,500,000 x .33 = 325,875,000 in taxes
if he dies and wills the team and it appraises for 700mil
1 billion - 700 mil = 300mil x .33 = 99,000,000
so delta of 225 mil
if he dies and wills the team and it appraises for 700mil
1 billion - 700 mil = 300mil x .33 = 99,000,000
so delta of 225 mil
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