We asked New York state resident Morris Pearl, former Blackrock executive and current chair of the Patriotic Millionaires, a few questions to hear straight from the mouth of a millionaire how the SALT cap and its proposed repeal would affect his life.
Reggie Rucker
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blog August 27, 2021 Millionaire Sounds Off on Calls to Lift SALT Deduction Cap
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blog July 16, 2021 The Last Dance for Billionaire Sports Owners?
Comparing athletes to inanimate objects, of course, is incredibly degrading. It’s also standard fare in the sports talk world to compare athletes to stocks in which you want to buy low and trade high to maximize your returns—the greatest return usually being championship trophies. It wasn’t until ProPublica released its latest report, The Billionaire Playbook: How Sports Owners Use Their Teams to Avoid Millions in Taxes, that we were able to see so clearly how the athlete as a stock is not just a dehumanizing concept in team sports at the individual level, but also how owners of sports teams view these players collectively. That is until it comes time to pay their taxes.