NBA tells girlfriend not to bring black people to his games.

[SS Junk]

That's what I'm saying.....
She's not all that. Low hanging fruit I guess.

[quikag]

What would his capital gains tax be roughly?

Figure a billion gain, long-term capital gains tax is 20% and he'd like have to pay the new 3.8% medicare tax, so roughly $238 million in tax give or take a few million.

Who knows about tax shelters and maybe a 1031 exchange or something similiar into another business or some other crazy tax scheme to lower that tax bill substantially.

[quikag]

Oops I meant to say there isn't a black billionaire . Wasn't meaning to be a jackass lol

Russell Simmons comes to mind off hand. There are black billionaires. Oprah is a billionaire too, I think.

[Gtracer]

What would his capital gains tax be roughly?

20% as I assume he is in the top tier tax bracket due to him being worth almost $2 billion.

[Cooter]

Ever dollar counts!

my multbro!

[BradM]

Saves money on advertising... like when Catfish Charlies in Decatur changed to Catfish O'harlies

Ever dollar counts!

[Cooter]

Paula Deen is buying the clippers. She's renaming them, keeping the "ers" part though.

Saves money on advertising... like when Catfish Charlies in Decatur changed to Catfish O'harlies

[BradM]

Paula Deen is buying the clippers. She's renaming them, keeping the "ers" part though.

[Lone Sailor]

[Trip McNeely]

I stopped watching the NBA years ago when it started to become a ME sport. Fuck it.

[SMKR]

I heard Oprah was going to team up with David Geffen and Larry Ellison to make an offer.

Either way, Sterling is going to made a TRAIN LOAD of cash on his investment. Bidding may push the sales price close to a billion if it gets heated enough. Not bad for an original $18mm investment.

What would his capital gains tax be roughly?

[SMKR]

The NBA is also about to re negotiate their network contracts, he may get close to a billion without breaking a sweat

Fire sale would bring $750 million

[SMKR]

I heard Oprah was going to team up with David Geffen and Larry Ellison to make an offer.

Either way, Sterling is going to made a TRAIN LOAD of cash on his investment. Bidding may push the sales price close to a billion if it gets heated enough. Not bad for an original $18mm investment.

Oprah probably has that cash on hand

[War Machine]

I didn't say that, I said that he isn't a billionaire that could afford to buy the team outright by himself. Can he put together a team of investors, sure, but he won't be flipping the bill by himself is the only thing I was saying to Tim about Magic buying the Clippers...

Oops I meant to say there isn't a black billionaire . Wasn't meaning to be a jackass lol

[Gtracer]

I heard Oprah was going to team up with David Geffen and Larry Ellison to make an offer.

Either way, Sterling is going to made a TRAIN LOAD of cash on his investment. Bidding may push the sales price close to a billion if it gets heated enough. Not bad for an original $18mm investment.

The NBA is also about to re negotiate their network contracts, he may get close to a billion without breaking a sweat