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Posted

He was a friend to disadvantaged children, athletes and coaches, musicians, law enforcement, firefighters, and service men and women and their families.

Now how is this to be understood exactly?

Disadvantaged children

+

disadvantaged athletes and coaches

+

disadvantaged firefighters

etc.

Sure would make for an interesting mix ... :crazy:

Posted

Read the book "Damned Yankees" by Bill Madden and Moss Klein- Yankees in the Steinbrenner era- what a hoot!

george

something i wrote on george earlier in the day.

Nice- thanks for posting!

Posted

Read the book "Damned Yankees" by Bill Madden and Moss Klein- Yankees in the Steinbrenner era- what a hoot!

george

something i wrote on george earlier in the day.

Reading your article bought to mind something one of Steinbrenner's limited partners once said, "there's nothing more limiting than being a limited partner of George's."

Re the estate tax, I read somewhere the bill would have been $500 million and, in all likelihood, the Steinbrenner would have had to sell the Yankees to pay the bill.

Posted

From the ABA Journal:

Yankees owner George Steinbrenner may have saved his heirs as much as $600 million in estate taxes by dying in 2010.

The estate tax expired in 2009, and a new one doesn’t take effect until 2011, when heirs will be taxed at a top rate of 55 percent, according to the Wall Street Journal (sub. req.) and the Associated Press. Steinbrenner’s net worth has been estimated at $1.15 billion, and dying in 2010 rather than 2011 could amount to a $600 million savings for his heirs, the Wall Street Journal says.

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