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View Full Version : The sale of the Sabres, a tax issue?



JD
12-06-2010, 09:24 PM
There’s probably nobody in the United States hoping George Bush’s tax cuts for the rich are extended beyond Jan. 1 more than soon-to-be former Buffalo Sabres owner Tom Golisano.

The Senate and House of Representatives are currently wrestling with the tax cuts issue, which will come to a head when Bush-era tax cuts are due to take effect Jan. 1. There is a possibility they will be extended beyond that period, but the Democrats and Republicans have yet to agree on how it will be implemented. The Democrats currently control both the Senate and House of Representatives, but the House will come under Republican control in January.

http://www.thehockeynews.com/articles/36889-THNcom-Blog-Bill-Guerin-retires-and-NHL-ownership.html

OpIv37
12-07-2010, 07:41 AM
Irrelevant now- they extended all the Bush tax cuts through 2011. So as long as the sale doesn't extend into 2012, there is nothing to worry about here.