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They love Obama but not his taxes
Some of the criticism was unfair, for example the claim that has head of the "Steelers Nation," Rooney should be above politics. In fact, other sports moguls have taken sides also - it's no coincidence that at the height of the campaign Sarah Palin was invited to drop the puck at a Philadelphia Flyers hockey game.
The endorsement was also paradoxical because Rooney, an active Catholic and supporter of pro-life causes, was backing an advocate of expanded abortion rights. Some commentators noted, though, that it fit Rooney's commitment to expanding job opportunities in pro football to minorities. The NFL's requirement that minority applicants be interviewed for open coaching positions is known as the Rooney Rule.
Last week, the Pittsburgh Post-Gazette reported that the other four Rooney brothers had stepped up efforts to complete an agreement to sell their shares in the team to Dan Rooney and his son, Art, before the first of the year. They want to present details to the NFL's finance committee in time for the league owners meeting Dec. 17 in Dallas.
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What they plan to do is perfectly legal, but isn't there something unseemly about it? When you campaign for a candidate who promises to raise taxes on the wealthy and then rush to wrap up the deal of a lifetime to avoid a bigger tax bill, you leave yourself open to a lot of backlash. After all, as Joe Biden put it, wouldn't it be more patriotic to wait until you could pay a bigger share?
Facts : 11/16/2008
You can raise the taxes of the rich all you want to, they still will not pay their fair share of taxes. it's called tax shelters, and exemptions for donations. Thats the reason most of the hollywood crowd back the tax raising liberals, they know that no matter who gets elected, they will still not pay taxes. So whome do you think is going to pay more in taxes? If you need a hint, (they work for a living.)
Waiting : 11/16/2008
I can't wait untill the great one gets into office and starts his new regime. Then we will see how his loyal followers handle the conciquences of their votes. Taxes will rise, unemployment will rise, Energy prices will sky rocket, just like he promised, the coal industry will be all but shut down with the global warming scare, thank coal miners for voting to loose your jobs, ect..... And remember, these are the things that came straight out of Obamas own mouth, but everyone was to fasinated by the media coverage to hear.
Obama's taxes : 11/16/2008
The writer of this criticism of Dan Rooney, like most critics of Obama's tax plan displays little understanding of how the tax code actually works. Dan Rooney and his son will be the buyers in this transaction and will not be taxed. It is the brothers, whose decision to invest in gambling made this sale necessary under NFL rules, who will pay tax on any profits from the sale of inherited property. The tax will be computed at long-term capital gains rates and there is no chance there will be a retroactive increase of those rates.
Get the Facts Straight : 11/17/2008
Finalizing the sale before the end of the year will benefit Dan Rooney's brothers, not Dan Rooney. The brothers are the ones who will be hit with higher taxes since they will be the ones selling the Steelers. Dan won't be hit with higher taxes. Get your reporting straight. Dan is the one who supported Obama, not his brothers. There should be no backlash against Dan Rooney if the reporters learn how to accurately report news.
Retraction : 11/17/2008
I think this newspaper owes Dan Rooney a retraction.
Rooney/taxes : 11/17/2008
To Muffet and others who say that the increased capital gains taxes effect the sellers, not the buyer, you are correct. However, it is in Dan's best interest to complete the sale early. A sale in January, and beyond, could mean the sale price will be more. The extra price he might pay would reflect the added taxes the other brothers would be paying. In other words, the brothers know their "net" if the sale is consumated would be less, therefore, they might wish to ask for more in the sale price to cover. Perhaps, it is something like redistributing the tax burden, and Dan could get hit with some of the increase. ...just my take, maybe I'm wrong.
Who are the they? : 11/19/2008
Blacks voted for him simply because he is black. Liberals voted for him because he is a liberal. Air head kids voted for him because they fell for the change line. Bums voted for him because he said the word free. Exactly who are you referring to when you talk about taxes. Oh. I know, the stupid people who thought only the "rich" will be effected by tax increases.
Who are the they : 11/23/2008
the winners! get used to it.
