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Billionaire Dolphins Owner Wants to Sell Team Before Obama Takes Office and His Taxes Go Up

October 27, 2008 8:08 PM

H. Wayne Huizenga -- one of the richest men in America -- wants to speed up his sale of 45% or more of the Miami Dolphins to Stephen Ross because he anticipates Sen. Barack Obama, D-Ill., will win and his taxes will go up, the Sun-Sentinel reports.

"I'd rather give it to charity than to him," Huizenga said. "If you do it this year or you do it next year, the difference is humongous because of the taxes."

- jpt

October 27, 2008 in 2008: Democrats, Obama, Barack | Permalink | Share | User Comments (187)

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If you elect Obama then you're electing a man who will, with Pelosi and Reid, enact a welfare state. People won't work to get ahead, because they'll be monetarily penalized if they do succeed.

Obama will transform the US into Venezuela. Then all the people who voted for him will wonder what they did to deserve such action and will say, "I didn't know." We're here to tell you, "Yes, you did. He said it all along."

Posted by: SoCalArmyBrat | Oct 29, 2008 5:12:32 PM

Huizenga must have sold his private jet. What's the matter Harold Wayne - can't brib politicians with w/private jetting to football games anymore like ya did when you courted Jeb for your own greedy gains? Jeb & George Bush sold every citizen out & illegally discriminated against them when Huizenga was allowed to buy Florida statue 324.021(9)for the company he then owned Auto Nation. Now thanks to greedy, gluttenous Huizenga auto rental companies are at a higher esteen level then your our police & fire profession als and since 2006 don't have to pay one cent if the 90 years they rent to cause accidents which permanetly disable or kill our citizens. Oh and Harold Wayne "don't take it. personally".

Posted by: Melissa C | Oct 29, 2008 7:34:31 AM

I looked at Obama's tax plan and most working guys and gals get a substantial tax break. The Republicans have promised me tax relief for years and I have seen nothing, except for the refund checks that were a great thing. It makes me sick that in a time of war that the wealthy are so unpatriotic by not wanting to support our troops and asking the government for more money. Everyone should pay their share. Most middle income people don't realize they pay more taxes than Millionares. When you add the 25% tax rate with the Social security tax at 8% you are paying 33% and when you buy somthing you pay another 8% tax, unless it is stocks or property like rich people buy, so you pay 41% tax on your wages, much more than the 35% tax a Millionare will pay. It time for those making money on the backs of others, to quit saying they are such good patriotic americans and be patriots by funding our troops and caring for those that make them wealthy. You don't make lots of money unless you have lots of people making it for you, respect those people or end up like Rome or the Czars or the British in 1776, remember what happened back then?

Posted by: doug | Oct 28, 2008 9:57:11 PM

Alot of people don't realize the long-term effects of an Obama vicotry. All they see is the short-term "I get more money" promise.

These financial giants need the cuts for the good of us all. I myself am greatful for Wayne Huizenga's Blockbuster Video which for a few years allowed for me to work while I was in disability from a car accident.

Hell, we can all be like Huizenga, the opportunities exist. It's up to us to make the intelligent, most educated decisions when it comes to our business. It's the American dream after all. If Obama wins, and starts taxing the money away from the wealthier, there will be less services, less jobs, and may even result in less money in the economy. What would you do if you saw your government wanting to take your hard earned money?. Obama wins, our American dream becomes a a true American nightmare. And for what, couple G's in tax refunds for the lower class.

If Obama wins and his proposed plans are executed, I'm rafting my ### back to Cuba. To live in socialism, I might as well go back to my old neighborhood.

Posted by: NetVip3r | Oct 28, 2008 5:45:24 PM

I don't understand some of these comments. Why does anyone think Mr. H's money should trickle down to them? It's HIS money isn't it? Are they somehow entitled to it because he's got more than they do? What's with the wealth envy in this country? The rich provide jobs!

Posted by: Sarah Couch | Oct 28, 2008 12:51:22 PM

I would venture to say that the majority of you who suffer from a horrible case of jealousy in the form of class envy have debt you cannot pay because you have overextended yourselves. Instead of taking personal responsibility for your own situation, you hate the rich for being rich and look to our government as a "Robin Hood," so you can get a little part of what they have even though you didn't earn it and don't deserve it. I'm not rich, but I have no debt other than student loans and my home. I have a real helpful suggestion for all of you who want to rob from the rich - go out there and get rich yourselves by your own merit. But first, go to Dave Ramsey's Financial Peace University and sit through a 13-week course that will teach you how to do it!

Posted by: SnowSledder | Oct 28, 2008 12:26:18 PM

Well.....since he is just a cry baby billionaire who does not want to be taxed $75 million MORE so that those who do not even pay taxes get a welfare check...maybe he should sell off half of the franchise, cut pay for 1/2 of his employees and layoff the other 1/2 of his employees.

Then maybe, just maybe you guys will get the point.

"It is not the critic who counts, not the one who points out how the strong man stumbled or how the doer of deeds might have done better. The credit belongs to the man who is actually in the arena, whose face is marred with sweat and dust and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; and who, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat." Theodore Roosevelt

Posted by: UnPoliticallyCorrect2008 | Oct 28, 2008 12:05:01 PM

If Tax Cut is given to the rich, what is it called - reversed socialism?

Under what category can we also put social security and welfare payments - Capitalism?

When Companies are being Nationalized and Wall Street is being bailed out, what system of Government is that, Communism?

If you wish to answer these questions, you'd need to rise above party affiliation so that you can have a clearer head to decipher the truth.

Taxes all over the world is a distribution of Wealth. Even if the Tax rate is proportional, higher income earners pay more proportionately and the taxes are used to provide Social Services to all and sundry.

I have never heard of a road being plied by the rich only because they pay more tax.

So all these talks about income re-distribution is a cacophonous sound of deceit with the aim of cashing on the ignorance of the few.

Posted by: Dare Nigeria | Oct 28, 2008 10:37:36 AM

Can anyone one see a Sleeper Cell? obama will have the same effect!

Posted by: USA101 | Oct 28, 2008 10:20:09 AM

I lived in South Florida for 15 years and at no time did the money MR WAYNE made trickle down to me or anyone I knew of.

Posted by: Former Floridian | Oct 28, 2008 9:42:28 AM

Name 1 country where Trickle up Economics reduced Unemployment and grew an Economy! Just one! You won't find it. If you look at most of the Socialist countries they have higher taxes, higher unemployment and Obama/Biden/Pelosi would guarantee a similar outcome.

Posted by: jaa | Oct 28, 2008 9:41:04 AM

Obama Cult followers will soon find out that socialism/marxism will kill the economy and the middle class. The US and World markets are voting early just like Huizenga. Get ready for The Great Depression II. Thanks Obama!

Posted by: Mark | Oct 28, 2008 9:17:14 AM

Sob sob. That poor billionaire might have to pay more in taxes. I can hardly stand it!

Posted by: Ann | Oct 28, 2008 9:09:09 AM

Wayne Wayne Wayne....Everything you touch turns to garbage...the Marlins, the Dolphins and Blockbuster...You should have stuck to trash collecting because you are greedy trash...So I am glad you are supporting McCain...One old, nasty greedy jerk deserves another...

Posted by: Becky | Oct 28, 2008 8:51:22 AM

Hmmmm....I guess there is always a first time...but I haven't seen a nation ever tax themselves into prosperity.
From each according to his abilities, to each according to his needs...Karl Marx..or was that Nobama...NFL & NBA will be hardest HIT. Like I said Enjoy your sports programming.

Posted by: Lenny | Oct 28, 2008 7:58:53 AM

Hmmmm....I guess there is always a first time...but I haven't seen a nation ever tax themselves into prosperity.
From each according to his abilities, to each according to his needs...Karl Marx..or was that Nobama...NFL & NBA will be hardest HIT. Like I said Enjoy your sports programming.

Posted by: Lenny | Oct 28, 2008 7:58:06 AM

That's too bad. I was hoping Obama would get elected so I could buy a ticket to the Dolphins games with my tax cut.

Posted by: JV | Oct 28, 2008 7:56:49 AM

I am certain that if the team leaves the area it will have no effect on the surrounding business community.

Given that "trickle down" econmics is just a myth.

Posted by: HungryCrowd | Oct 28, 2008 7:37:42 AM

Hmmmmm.... mean old rich people and Reganomics...How many poor people started NFL franchises? Trickle down is bad huh? Hmmmm... was it a poor person paying those incredibly high salaries or was it some rich owner engaged in trickle down economics??? Capitalism vs Socialism....enjoy your sports programmimg.

Posted by: Lenny | Oct 28, 2008 7:15:53 AM

For the last 25 plus years, the wealthy in this country have benefited from tax-breaks given to them in the failed economic experiment known as "trickle down" economics or Reaganomics the theory of that was that the addional revenue generated by the wealthy would make up for the lowering of their taxes, so the government started borrowing money to take care of operations short-term. At the time that began, the national debt was seven billion dollars (1/2 of 1% of the U.S. GDP). At the time Reagan left office we were hovering close to one trillion dollars national debt (that's 1,000 billion). Now two Bush's and one Clinton (he was in the GOP pocket because he couldn't keep it in his pants)later. We are 10 trillion in debt (70% of the annual U.S. GDP).

You see the Rich have not "grown" the economy the way they were intended to do. Instead of becoming innovative and investing in America and her workforce, they've gutted our industries and moved our jobs overseas. They don't care as long as the money keeps flowing in. They've popped the bubble, time to go back to paying their "Fair" share. Don't weep for them, after all they'll still be making over $250,000 a year.

How many years does it take you to make that. It takes me ten years now thanks to the pitiful job I was able to get thanks to this economy (that's about half of what I should be making, I was in management for 15 years and my house "was" paid off before the economy tanked).

Posted by: The Doctor | Oct 28, 2008 6:53:07 AM

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