Miami Dolphins owner Wayne Huizenga said Sunday that he wants to sell up to 45 percent more of the team to Stephen Ross and that the presidential election is among the issues weighing on his decision.
From SunSentinal.com:
Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision.
That’s because a Barack Obama administration is expected to mean higher capital-gains taxes.
“He wants to double the capital gains tax, or almost double it,” Huizenga said. “I’d rather give it to charity than to him.”
Ouch.
H/T: Wizbang.