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Message: [QUOTE="WiseWillie, post: 5343699, member: 13141"] When someone buys a team for billions of $ they can immediately allocate a large portion of that to these intangible assets and then can deduct that amount in equal segments over 15 years. We are talking about the top 1% earners here. A billionaire owner with a profitable business can use the tax losses from the team they just bought to offset the income from their other profitable business(es) reducing the total tax bite they owe. Someone will point out that Congress and the IRS are looking to reduce this tax benefit considering the investment akin to a "hobby loss" (wow to be so rwealthy as to buy a team and have the IRS consider it a "hobby". That's a completely different world.) Anyway, so far it hasn't gotten any further than being a proposal. Maybe someone will have more and better info. [/QUOTE]