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re: Who sets the price for the forced sell of the Clippers?
Posted on 5/1/14 at 4:16 pm to theBeard
Posted on 5/1/14 at 4:16 pm to theBeard
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.
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
1
Posted on 5/1/14 at 4:41 pm to TheRookbird
I remember reading somewhere that if the NBA Board of governors vote Sterling out, they would control the sale. And as there is no need to rush,that the process could be closed bids which usually drives up the price.
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