Commanders Post at The Warpath - View Single Post

Giantone · 04-08-2011, 03:54 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.

04-08-2011, 03:54 AM	#419
Giantone Gamebreaker Join Date: Apr 2006 Posts: 14,434	Re: Snyder Camp Upset!! [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. __________________ ....DISCLAIMER: All of my posts/threads are my expressed typed opinion and the reader is not to assume these comments are absolute fact, law, or truth unless otherwise stated in said post/thread.