Costly loss for sports team owners embedded in Trump tax bill
FortuneSaturday, May 17, 2025 at 3:19:11 PM

House Republicans' draft tax legislation proposes to reduce a lucrative tax break for sports team owners, cutting its value by half and potentially costing them billions in sheltered income.
What This Means: This change reflects broader efforts to reform tax loopholes, signaling potential financial impacts on wealthy individuals and businesses while aiming to address perceived inequities in the tax system. For sports team owners, it could mean higher taxable income and reduced profitability.
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