RIP George Steinbrenner

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mlmpetert
07-13-2010, 06:03 PM
RIP Steinbrunner.

That said, im looking forward to how his estate documents are set up. With the repeal of the estate tax this year his 1.5 billion could pass to his heirs estate tax free. But if it just goes to his wife then its not gonna make a difference (except she gets no step up). But if it goes to his kids they get it estate tax free, but they also don’t get a step up in basis, which could oddly enough cost them more then the estate tax depending on what the Yankees were worth back when George bought them. Of course they will only pay more in taxes if the Yankees were purchased on the cheap and they sell the team before they die. I wouldn’t be surprised if special planning was done just for this year, it should be interesting.

mooby
07-14-2010, 01:29 AM
Definitely not a Yankees fan but R.I.P. George Steinbrenner. Say what you will about how he acted but like one of DC's most polarizing figures he loved to win.

tryfuhl
07-14-2010, 04:22 AM
I hate the Yankees more than any other team in sports (including the Cowpokes)

whoa...

dmek25
07-14-2010, 06:08 AM
this is classy...
NEW YORK — Rush Limbaugh had his own view of George Steinbrenner.

"That cracker made a lot of African-American millionaires," the radio commentator said Tuesday on his show after the New York Yankees owner died at age 80. "He fired a bunch of white guys as managers left and right."

KLHJ2
07-14-2010, 08:04 AM
Can't we just deport all of the hatefull people to a country where hatred is a way of life? I am thinking somewhere warm like the middle east. Or if we could just deport them all off of the plannet.

CRedskinsRule
07-14-2010, 09:11 AM
Edit: RIP George, I moved my other comments to the "The World Would Be Better Without" thread...

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