Forbes article on Panthers value and Tepper tax break

[Squirrel]

Looks like Tepper can write off $100 million annually  on tax breaks. 

 

https://www.google.com/amp/s/www.forbes.com/sites/kurtbadenhausen/2018/05/22/how-the-small-market-carolina-panthers-sold-for-a-record-2-3-billion/amp/

 

 

The tax consequences of the deal are an added benefit for Tepper: He could see as much as $2 billion in tax savings. Current tax law allows the purchase price allocated to goodwill to be written off over 15 years for any business. Sports teams have very few tangible assets, allowing most of the purchase price to be allocated to goodwill. Tepper can deduct more than $100 million annually in amortization from profits on the Panthers or his other businesses

[Squirrel]

Explains a little bit of how. 

 

https://www.forbes.com/sites/mikeozanian/2018/05/15/david-tepper-could-get-2-billion-tax-break-on-purchase-of-panthers/#5f6f53941dba

[Mr. Scot]

I'm clearly in the wrong line of work.

How do you start funding hedges? 

[CarolinaSamurai]

54 minutes ago, Mr. Scot said:

I'm clearly in the wrong line of work.

How do you start funding hedges? 

Either

A. Go to school for it and get lucky or be smart.

B. Be rich and get lucky or be smart

[London Loves Luke]

3 hours ago, Mr. Scot said:

I'm clearly in the wrong line of work.

How do you start funding hedges? 

It’s basically the same as going to Vegas with a mate and a calculator. 

[Toker Smurf]

4 hours ago, Mr. Scot said:

I'm clearly in the wrong line of work.

How do you start funding hedges? 

You put all your money in a plastic bag and bury it , very shallow, right under some hedges. Once you've finished, let me know where and I'll check to make sure you've done it correctly.

[The Pieyed Piper]

cool, he should be able to build his own damn stadium.

[The Pieyed Piper]

5 hours ago, Mr. Scot said:

I'm clearly in the wrong line of work.

How do you start funding hedges? 

I'd start with daffodils 

[The Pieyed Piper]

2 minutes ago, bull123 said:

Goodwill??...what In the world does that mean?

used sh!t and a discount?

[FakePlasticTrees]

Very interesting. It appears as though the IRS has issued some guidelines:

https://www.irs.gov/businesses/examination-of-sports-franchise-acquisitions

 

[PantherCam213]

13 hours ago, bull123 said:

Goodwill??...what In the world does that mean?

Intangible assets.

[Cat]

Oh good, I was really concerned at how this would effect him financially. Now I can sleep well knowing the tax code is really helping out the billionaire. 

[t96]

3 hours ago, Cat said:

Oh good, I was really concerned at how this would effect him financially. Now I can sleep well knowing the tax code is really helping out the billionaire. 

It’s not really helping him out at all, he’s still paying significantly more in taxes per month than large large large majority of this country will pay in their entire lifetimes.

[zacka77ack]

Just to make everyone feel insignificant...the picture below is of roughly ~$1,700,000,000; 1.7 Billion dollars. The Panthers sold for this plus another $500,000,000. 1 bar is worth ~$512,000.