IsolateThis Posted November 25 Posted November 25 14 hours ago, BillnutinHouston said: But that's only irrelevant for tax purposes because of the election outcome. Harris pledged to tax unrealized capital gains upon her election. That would have been fascinating to watch. This all depends on how the minority interest is acquired. If Terry sells his shares, the proceeds belong to him, along with a capital gains tax bill. If the corporation holding the team issues shares from Treasury, it dilutes Terry's ownership, without a tax bill to him. But the proceeds then belong to the team and not him. I'm oversimplifying things. Do we know how the interest is being acquired? 1 hour ago, Matt_In_NH said: Good point! I still see two larger potential needs for cash. One is the stadium and two is potential estate tax if he wants to hand the team down. That is probably big time wishful thinking on my end. There's a difference between team/corporate cash and personal-use cash. These aren't synonymous. Also - I would tend to think that Terry and family have had quite a substantial estate tax plan in place for quite some time, including life insurance and other tools to handle the tax on death... Quote
Mr. WEO Posted November 25 Posted November 25 13 hours ago, Augie said: Maybe someone else puts their plans for a 32’ Boston Whaler on hold. It’s all relative. no one lays off their household to buy a Whaler off the showroom floor.... Quote
Augie Posted November 25 Posted November 25 15 minutes ago, Mr. WEO said: no one lays off their household to buy a Whaler off the showroom floor.... No, but you might go to every other week on the housekeepers and start cutting your own grass. Maybe vacation at a state park rather than a Disney property. Congratulations, you completely missed the entire point. It’s all relative. 1 Quote
Mr. WEO Posted November 25 Posted November 25 3 minutes ago, Augie said: No, but you might go to every other week on the housekeepers and start cutting your own grass. Maybe vacation at a state park rather than a Disney property. Congratulations, you completely missed the entire point. It’s all relative. That's your "entire point"? I'm sure those let go would take solace in your dismissal of billionaires bosses firing staff to, among other things, resume yacht construction as "all relative". How many of them do you think had their own housestaff and gardeners? Quote
Matt_In_NH Posted November 25 Posted November 25 31 minutes ago, IsolateThis said: There's a difference between team/corporate cash and personal-use cash. These aren't synonymous. Also - I would tend to think that Terry and family have had quite a substantial estate tax plan in place for quite some time, including life insurance and other tools to handle the tax on death... I mean teams have had to sell because the estate tax is so substantial, not sure how much planning you can do, I think it is just a huge bill. This happened in Denver. Quote
PromoTheRobot Posted November 25 Posted November 25 49 minutes ago, IsolateThis said: This all depends on how the minority interest is acquired. If Terry sells his shares, the proceeds belong to him, along with a capital gains tax bill. If the corporation holding the team issues shares from Treasury, it dilutes Terry's ownership, without a tax bill to him. But the proceeds then belong to the team and not him. I'm oversimplifying things. Do we know how the interest is being acquired? There's a difference between team/corporate cash and personal-use cash. These aren't synonymous. Also - I would tend to think that Terry and family have had quite a substantial estate tax plan in place for quite some time, including life insurance and other tools to handle the tax on death... I have a hunch tax issues are going to be less of a concern going forward. Quote
EasternOHBillsFan Posted November 25 Posted November 25 (edited) 14 hours ago, CoudyBills said: Really went down hill in 6 months? Surely not before that? Before that was just the beginning... they made all sorts of changes... what happened to Panera is going to happen to Subway. Watch. https://newsroom.subway.com/2024-07-09-Subways-Summer-of-Footlongs-Heats-Up-with-All-New-Signature-Sandwiches,-Sauces-and-Toppings Edited November 25 by EasternOHBillsFan Quote
RiotAct Posted November 25 Posted November 25 1 hour ago, EasternOHBillsFan said: Before that was just the beginning... they made all sorts of changes... what happened to Panera is going to happen to Subway. Watch. https://newsroom.subway.com/2024-07-09-Subways-Summer-of-Footlongs-Heats-Up-with-All-New-Signature-Sandwiches,-Sauces-and-Toppings mmmm, Panera. Now I’m craving a sandwich the size of a playing card and a crabapple for $13. 1 Quote
EasternOHBillsFan Posted November 25 Posted November 25 1 hour ago, RiotAct said: mmmm, Panera. Now I’m craving a sandwich the size of a playing card and a crabapple for $13. I am now down to one bagel location for good fresh bagels here... Panera now serves tasteless bagels that taste like frozen bagels. It's so bad now that I can't make myself order a soup and sammich anymore. Quote
ScotSHO Posted November 25 Posted November 25 19 hours ago, Malazan said: Just make sure you stop before the ocean. Unless you have a 1993 Land-Rover Range Rover County which is an amphibious exploring vehicle. The transporter of gods -- the GOLDEN God! 1 Quote
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