Monday, October 27, 2008

Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax

By Sarah Talalay | South Florida Sun-Sentinel
3:26 PM EDT, October 27, 2008

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."

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