HarkinBanks Posted January 8, 2007 Share Posted January 8, 2007 Gotta love any government that could pass a tax law like this...can you imagine the potential ethical dilemmas for very wealthy people in poor health? From yesterday's Buffalo News: "Whatever that means, if Ralph's wife Mary continued to run the team, she would not face the crippling estate tax which, for example, forced the Joe Robbie family to sell the Miami Dolphins. The tax kicks in when children and other relatives pursue ownership. The only exception is in 2010 when the estate tax is waived for one year." http://www.buffalonews.com/editorial/20070...?tbd1001670.asp Link to comment Share on other sites More sharing options...
Steven in MD Posted January 8, 2007 Share Posted January 8, 2007 Gotta love any government that could pass a tax law like this...can you imagine the potential ethical dilemmas for very wealthy people in poor health? From yesterday's Buffalo News: "Whatever that means, if Ralph's wife Mary continued to run the team, she would not face the crippling estate tax which, for example, forced the Joe Robbie family to sell the Miami Dolphins. The tax kicks in when children and other relatives pursue ownership. The only exception is in 2010 when the estate tax is waived for one year." http://www.buffalonews.com/editorial/20070...?tbd1001670.asp The irony of this situation is that the NFL could change a simple rule and solve this problem. As you know, it is against nfl policy for a corporation to own an nfl franchise. If they allowed corporate ownership, then owners could recreate a corporation where they retain 51% of the shares. It would allow for easier passing of ownership without the impact of estate taxes since the owners can pass ownership over in parts as they age. Maybe it does not solve all the problems...but it could be a start for lawyers to figure out how to do it. Link to comment Share on other sites More sharing options...
Buffan00 Posted January 8, 2007 Share Posted January 8, 2007 Gotta love any government that could pass a tax law like this...can you imagine the potential ethical dilemmas for very wealthy people in poor health? From yesterday's Buffalo News: "Whatever that means, if Ralph's wife Mary continued to run the team, she would not face the crippling estate tax which, for example, forced the Joe Robbie family to sell the Miami Dolphins. The tax kicks in when children and other relatives pursue ownership. The only exception is in 2010 when the estate tax is waived for one year." http://www.buffalonews.com/editorial/20070...?tbd1001670.asp Bad taste in your choice for the title! Link to comment Share on other sites More sharing options...
Marv Levy Posted January 8, 2007 Share Posted January 8, 2007 Bad taste in your choice for the title! I was thinking the same thing. Let nature take its course. Link to comment Share on other sites More sharing options...
In space no one can hear Posted January 8, 2007 Share Posted January 8, 2007 Maybe we could begin a petition asking Ralph to "pass" in the year 2010. Come on.... it's the least he could do for the Bills faithfull!! please Ralph.... Link to comment Share on other sites More sharing options...
Recommended Posts