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re: Who sets the price for the forced sell of the Clippers?

Posted on 5/1/14 at 4:01 pm to
Posted by theBeard
Member since Jul 2011
6739 posts
Posted on 5/1/14 at 4:01 pm to
Posted by TheRookbird
Member since Aug 2013
1322 posts
Posted on 5/1/14 at 4:16 pm to
First, if he died, his heirs would not have to pay capital gains taxes on his property because it would re-valuate at the current value for capital gains.

Second, the state capital gains would depend on where he makes his residence. It very well might be California, but if he's a resident of Texas, he wouldn't have to pay that.

Third, he's also going to get popped for another 3.8% starting next year for Obamacare.
This post was edited on 5/1/14 at 4:18 pm
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