|
|
sportscurmudgeon 04-04-2011, 04:21 PM When Snyder croaks I wonder if the estate taxes will be so high that his widow/family will be forced to sell the team? I wonder if we can imitate the Egyptians and revolt to force him out? Can Snyder be tricked into selling the team? Will inception be possible ten years from now?
Sigh.
Remember, tax laws can change overnight...
1. I am not a tax attorney or CPA but by my understanding of estate taxes, there will be ZERO estate tax due if Snyder dies first and leaves the team - - and anything else - - to his spouse. There is no limit on what someone can leave to a spouse tax-free. When the spouse dies, however, that is a different story...
2. The uprising in Egypt was successful because the Egyptian Army backed the protesters and not the incumbent government. That is not likely to happen even if there were a massive protest against incumbent Redskins' ownership.
3. Could Snyder be tricked into selling the team? Interesting concept here but it would take someone who is pretty stupid and gullible to fall for a con that would end up that way. I may not have the world's highest opinion of Danny Boy as a person to guide an NFL franchise, but I cannot bring myself to think he is that stupid or gullible.
4. Inception will be science fiction for quite a while...
mlmpetert 04-04-2011, 05:08 PM 1) Correct, except in community property states, which dont apply here. Personally i would rather have Snyder's wife be the owner. Also worth mentioning is that she's a cancer survivor and even though she is a female she is statically less likely to out survive Danny. Also worth mentioning, rich people usually live for a really long time.
2) So who does the Egyptian Army represent in your analogy?
3) Unfortuitly i dont think he ever sells either
4) I feel like Leo could talk me into just about anything, so while the technology may be far away maybe just an good old fashion smooth talker with dreamy eyes is all we need?
mlmdub130 04-04-2011, 06:55 PM Interesting: Daly has spawned eight decades in an effort to portray similarity. I found this article compelling to read.
[Quote] "The Writer Dosen't Have To Be 100% Right; He Just Has To Be In The Ballpark" [Un\]
DALY: Echoes of '30s NFL libel case in Snyder suit - Washington Times (http://www.washingtontimes.com/news/2011/mar/27/echoes-of-30s-nfl-libel-case-in-snyder-suit/)
nice read, thanks for posting
sportscurmudgeon 04-07-2011, 05:26 PM If you think that the world is out to stick it to Danny Boy because he is uber-rich, think again.
Read Dave Zirin's book:
Bad Sports - How Owners Are Ruining The Games We Love
Zirin's idea that communities and cities should own the teams that play there is not gonna happen any time soon, but he does document some real sleaze when it comes to various owners of sports franchises. Yes, there is a chapter on Danny Boy but it is only one of a dozen chapters devoted to owners who are "not nice folks". Zirin is an "Equal Opportunity Basher". He has 32 pages at the end with footnoted references to source material for his "bashings".
The book was published in 2010. You can easily read it over a weekend.
Longtimefan 04-07-2011, 05:59 PM ^ Editorial Reviews: This is what Alan Moores had to say.
[quote] Even in the presence of model franchises throughout the sports world, Zirin makes a strong argument that team owners are ruining our storied teams, not to mention the sports themselves. But then, what's new? Profiling a rogues' gallery of owners—among them, the Yankees' George Steinbrenner, the Colorado Rockies' Charlie Monfort, the Oklahoma Thunder's Clay Bennett—Zirin says that many owners rely, primarily through legalized extortion, on public coffers to stay afloat. He also discusses the baseball owners' acquiescence in their players' use of steroids and the too-rapid expansion of the NHL that has diluted the quality of play for decades. There are many to blame for the strange state of pro sports today, including overweening politicians, fans, and sports media. But, from the evidence in Zirin's book, ownership is a good place to start. --Alan Moores [unquote]
Ruhskins 04-07-2011, 06:00 PM ^ Editorial Reviews: This is what Alan Moores had to say.
[quote] Even in the presence of model franchises throughout the sports world, Zirin makes a strong argument that team owners are ruining our storied teams, not to mention the sports themselves. But then, what's new? Profiling a rogues' gallery of owners—among them, the Yankees' George Steinbrenner, the Colorado Rockies' Charlie Monfort, the Oklahoma Thunder's Clay Bennett—Zirin says that many owners rely, primarily through legalized extortion, on public coffers to stay afloat. He also discusses the baseball owners' acquiescence in their players' use of steroids and the too-rapid expansion of the NHL that has diluted the quality of play for decades. There are many to blame for the strange state of pro sports today, including overweening politicians, fans, and sports media. But, from the evidence in Zirin's book, ownership is a good place to start. --Alan Moores [unquote]
How did Steinbrenner ruin the Yankees? I'd be curious to know that from Mr. Moore. I'm not a fan, but I wouldn't call them a ruined franchise.
SmootSmack 04-07-2011, 07:01 PM [quote=Longtimefan;792562]^ Editorial Reviews: This is what Alan Moores had to say.
How did Steinbrenner ruin the Yankees? I'd be curious to know that from Mr. Moore. I'm not a fan, but I wouldn't call them a ruined franchise.
Well the 80s were not kind to the Yankees, in large part due to Steinbrenner's ways. There's a great book on Steinbrenner (so great I can't remember the name of it it seems) but it really covers the best and worst of Steinbrenner. He was definitely one of the most impressive (both good and bad) in the history of pro sports.
Longtimefan 04-07-2011, 07:58 PM ^ I'm going to purchase a copy of Zirin's book, it's only $19.95 at bookstores. I'd like to read how he elaborates on some of the assertions he makes referencing sports franchise owners. I've read some of his previous material as he's well respected for what he does.
In response to Ruhskins question on the Alan Moore editorial review; I'd like to ask Mr. Moore that same question. Maybe the read will shed more light.
Giantone 04-08-2011, 04:54 AM [QUOTE=sportscurmudgeon;791945]Remember, tax laws can change overnight...
1. I am not a tax attorney or CPA but by my understanding of estate taxes, there will be ZERO estate tax due if Snyder dies first and leaves the team - - and anything else - - to his spouse. There is no limit on what someone can leave to a spouse tax-free. When the spouse dies, however, that is a different story...
3. Could Snyder be tricked into selling the team? Interesting concept here but it would take someone who is pretty stupid and gullible to fall for a con that would end up that way. I may not have the world's highest opinion of Danny Boy as a person to guide an NFL franchise, but I cannot bring myself to think he is that stupid or gullible.
QUOTE]
1)That was not my understanding , as always depends on where you live and how much it's worth.
3)Alot of Snyders wealth is paper.(not cash assets),if he buys ....lets say an Amusment Park and does it with a stock leverage ....basicly mortgages the Skins to buy something else and that fails....yes he could be made to sell the Skins(or at least his share) but that is alot of maybes.
NC_Skins 04-08-2011, 02:59 PM 1. I am not a tax attorney or CPA but by my understanding of estate taxes, there will be ZERO estate tax due if Snyder dies first and leaves the team - - and anything else - - to his spouse. There is no limit on what someone can leave to a spouse tax-free. When the spouse dies, however, that is a different story...
Virginia Department of Taxation (http://www.tax.virginia.gov/site.cfm?alias=estate)
Legislation enacted by the 2006 General Assembly, House Bill 5018, repeals the Virginia estate tax for the estates of decedents whose date of death occurs on or after July 1, 2007. The estates of decedents whose date of death occurs before July 1, 2007 remain subject to the estate tax provisions. In addition, the repeal of the Virginia estate tax does not affect the filing requirements for fiduciary income tax, regardless of when the date of death occurs.
Basically, Dan Snyder (and many other rich assholes) get to avoid taxes now because the law was repealed back in 2007. Had this been done prior to JKC's death, the team would have been in his son's hand. I'm surprised it took this long for the good ole boys in the "rich club" to get their buddies in state legislation to repeal this.
Short version: We are ****ed as SKins fans. :(
|