The Billionaire Tax Trick Fueling Record-High Sports Valuations
The Joe Pomp Show
00:00
The Tax Loopholes Behind Sports Team Valuations
This chapter explores how billionaires exploit tax advantages when acquiring U.S. sports teams by classifying purchase costs as depreciating intangible assets. It examines the historical context of these practices, their tax implications, and the potential reforms aimed at changing these benefits.
Transcript
Play full episode
