Steve In Atlanta 2008 Posted December 29, 2008 Share Posted December 29, 2008 Its been a circulating rumour that Ralph will sell the Bills soon because he will be hit hard by Obamas new tax plan which will go into effect sometime late February, early March. One supporting tidbit... Ralph said a few weeks ago about Dick Jauron.... "maybe we can go out together" I hope this is the truth! We need an owner committed to winning! Link to comment Share on other sites More sharing options...
ans4e64 Posted December 29, 2008 Share Posted December 29, 2008 While I'm not commenting on your argument, you took that quote out of context. Ralph said that both he and Jauron are unpopular guys, meaning they can hang out together. Link to comment Share on other sites More sharing options...
billnutinphoenix Posted December 29, 2008 Share Posted December 29, 2008 However look at what's happening in Miami...it does have something to do with the Obama tax plan... Link to comment Share on other sites More sharing options...
taterhill Posted December 29, 2008 Share Posted December 29, 2008 While I'm not commenting on your argument, you took that quote out of context. Ralph said that both he and Jauron are unpopular guys, meaning they can hang out together. never...ever...lets the facts get in the way of a good story Link to comment Share on other sites More sharing options...
Steve In Atlanta 2008 Posted December 29, 2008 Author Share Posted December 29, 2008 Its been a circulating rumour that Ralph will sell the Bills soon because he will be hit hard by Obamas new tax plan which will go into effect sometime late February, early March. One supporting tidbit... Ralph said a few weeks ago about Dick Jauron.... "maybe we can go out together" I hope this is the truth! We need an owner committed to winning! HMMM... Did he not say "go out together" Keep in mind the age of Ralph and the context truly was about replacing Jauron.... "maybe we could go out together" in 80 yr old terms could add "in a blaze of glory" Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted December 29, 2008 Share Posted December 29, 2008 Its been a circulating rumour that Ralph will sell the Bills soon because he will be hit hard by Obamas new tax plan which will go into effect sometime late February, early March. One supporting tidbit... Ralph said a few weeks ago about Dick Jauron.... "maybe we can go out together" I hope this is the truth! We need an owner committed to winning! The problem Ralph faces is any changes in estate and capital gains taxes enacted in 2009 will be retroactive to January 1st, 2009. That's why the Dolphin and Steeler ownership agreements have been completed prior to December 31st, to avoid the potential higher rates. Link to comment Share on other sites More sharing options...
Steve In Atlanta 2008 Posted December 29, 2008 Author Share Posted December 29, 2008 However look at what's happening in Miami...it does have something to do with the Obama tax plan... Im curious about your reasoning about Miami... How does this fit in? Link to comment Share on other sites More sharing options...
Lurker Posted December 29, 2008 Share Posted December 29, 2008 Its been a circulating rumour that Ralph will sell the Bills soon because he will be hit hard by Obamas new tax plan which will go into effect sometime late February, early March. Obama has already backed off the pledge of a top tier tax increase in '09, but whatever.... Link to comment Share on other sites More sharing options...
Saint Doug Posted December 29, 2008 Share Posted December 29, 2008 Im curious about your reasoning about Miami... How does this fit in? The majority owner of Miami, Huizenga, is looking to sell all/part of the team. He is set to make a bunch of money through capital gains. As it tentively stands now, Obama is looking to take a large chunk of those capital gains if he gains them after January 1st, 2009. This is why these owners are best to sell before Jan 09, or lose millions of dollars in taxes. The same goes for players. As you can see, baseball players are signing up now, so they won't have to cough up more of their signing bonuses later. Link to comment Share on other sites More sharing options...
Arkady Renko Posted December 29, 2008 Share Posted December 29, 2008 Im curious about your reasoning about Miami... How does this fit in? There's no reason why the Obama tax plan will affect Ralph Wilson's decision to sell the team. When he dies, his heirs will have a stepped up basis in the team, meaning the estate will pay taxes on the value of the team, but will not pay additional taxes on the huge capital gains Wilson has experience from the original purchase price. This gives Wilson every reason to hold on to the team until he dies. When the capital gains rates go up -- if they do -- this encourages owners who want to sell before they die to speed up their plans. However, the stepped-up basis rules are too valuable for Wilson to ignore them. Link to comment Share on other sites More sharing options...
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