NFL Owner Set To Punt Team Over Tax Liability Under New Capital Gains Regime
Monday, October 27
Who says capital gains tax rates don't affect investor behavior? That's a question that's easier to answer as one of America's richest men is eyeing capital gains tax rates and where they might be headed.
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."
Posted at 10/27/2008 01:52:00 PM
For three decades, Mark Bloomfield has been an expert commentator on "Politics and Economic Policy on the Potomac." He serves as President and CEO of the American Council for Capital Formation, a Washington-based economic policy business group dedicated to encouraging economic growth through sound tax, regulatory, environmental, and trade policies.
"...to marshal more venture capital for more new industries -- the kind of efforts that begin with a couple of partners setting out to create and develop a new product -- we intend to lower the maximum capital gains tax rate."
"The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced in new ventures in obtaining capital, and thereby the strength and potential for growth of the economy."
0 Comments:
Post a Comment
<< Home