Los Angeles Clippers owner Donald Sterling making racist remarks

[SteelChip]

Wouldn't they pay a massive estate tax when they inherited it? It's like 40% on on anything above 5,000,000.

That's why them damn lawyers make so much money. Figuring out how all this works would necessarily give the average taxpayer a serious headache.

If the family inherited the Clippers and then sold it, they would only pay a capitals gain tax on the difference between the value of the team when they inherited it and the value of it when sold.

This sentence alone defies logic...Lowering your tax bill from $329M to $33M by slight of hand and semantics.