Tbone

The taxation applied depends on the basis a person holds in the asset (to over simplify what "basis" is, it is what the person paid for the asset). Ralph paid $25,000 for the Bills he will not be taxed on the first $25,000 he gains from the Bills, thus there will be no double taxation with regard to that amount. Other owners, who have higher basis can plan differently. For instance if Jerry paid 500 million for the Cowboys, the first $500 million will no be subject to taxation. So yes, in some instances it can make sense to sell off ownership stakes- it doesnt in Ralph's situation. I think that people that have no experience with estate planning assume that there are a bunch of loopholes that make escaping tax easy. That is simply wrong. You are correct that an estate tax burden can be minimized by charitable giving. Ralph could do that, however the most likely way that is done is through a complete sale of the Team at death and a distribution of the proceeds to a charitable organization- so you theory is plausible in that regard. Assuming however that the tax plan Ralph has shared with us on numerous occasions is correct- no portion of the team will be sold until death. As for your irrevocable trust statement- that all depends on what the trust is set up to do... some trust can avoid some types of taxation, but most likely another applies. If the trust benefits an individual or individuals it is a gift thus applying the gift tax- which is presently higher than the estate tax- meaning that the team would most likely be sold to raise the funds to pay the tax. You simply are making statements you have no knowledge on so you should stop- you comment on Alzheimers makes that clear- if someone executes documents and they are not of sound mind those documents are not legally binding in this case with over a billion at stake that would lead to litigation, charges against his attorneys etc.

Stop it already! No- Ralph didnt sell 30% of the team in 2010- why because doing so would suject the sale to a double tax- once with capital gains, and again at death. Ralph's plan is simple- if he sells ANY of the team prior to death he will be subject to capital gains tax, and the amount that he realizes will be taxed again through his estate- so his estate will sell the team after his death thereby subjecting the sum to taxation once. The thing to remember is were are talking about 10's of millions of dollars- EACH time the value of the team is taxed. For some reason people are resistant to listening what Ralph has said- he has an estate plan- it is to sell the team at death to the highest bidder. Sorry but it makes NO sense to sell ANY part of the team before death.

I am going on my honeymoon and am in search of a place to watch a game... anybody know of one? I couldn't find one on the Billsbackers page. Thanks in advance.

Does anyone know why WGR has Paul Hamilton sitting on the sidelines during training camp? Is he going to be covering the Bills this season? I appreciate Joe Buscaglia's tweets but his on air insights dont hold a candle to Hamilton's.

Is it bad that half of me hopes the teams does poorly? I really think this team needs to hit rock bottom before it can start moving up again... if you look at most of the "elite" teams in the league the did so before the got better and then got really good (See, Indianapolis, The Giants, Atlanta, Dallas, New Orleans).

While I love the passion my personal dream differs (but is based on the same premise)... a stadium build out of Buffalo Central Terminal...

I think the interesting question to ask is do you think Brees would have made it here... he had a mediocre (at best) 3 seasons before he broke out in his fourth season... I have to think we would have given up on him after his third no so hot season... maybe that is the lesson to be learned from the Brees experience?

I think its highly likely we are waiting for somebody... in the college ranks.

Why is it relevant that Vitt has ties to KC when Gailey wasn't there?

Call me crazy but I think I would take Kolb.

What kind of car does your source "deep within" drive?

April had the contractual option to leave. The bills could not have made him stay and wait for the new HC.

yeah, my thought is you're a moron

I think everyone is being hard on soprano... it could be credible, all we need to know is what kind of car his source deep withing OBD drives... if its something fancy, it is a credible report.

I wish the threads title was "John Fox interested in Bills HC Job"