He doesn't want to pay Barack Obama's increased capital gains tax:
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...""If you do it this year or you do it next year, the difference is humongous because of the taxes," Huizenga said.
But the Obama campaign disputed Huizenga's figures on Monday, saying the candidate's plans are to raise the capital gains tax maximum from 15 percent to 20 percent -- a 33 percent increase, not double. And the top rate would be for families earning more than $250,000 or individuals earning more than $200,000.
Yeah, no biggie. It's only about $30 million if Huizenga gets the same price as he got for selling half the organization earlier this year. Who makes business decisions over a measly extra $30 million in taxes?
I like Huizenga's apparent blow to Raiders owner Al Davis at the end of the piece:
"It's been 19 years and after 19 years, it's kind of time," he said. "I don't want to be one of those owners who gets real old and hangs in there, we know some of those stories already, I don't want to be one of those guys."
At least he made it plural. That way we have absolutely no idea of whom he is speaking.
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