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A comment on Sports Owners Use Their Teams to Avoid Millions in Taxes. Parent comment

Re:Sports Owners Use Their Teams to Avoid Millions in Taxes by xur17 on Thursday July 08, 2021 @11:39AM (#27773391)
This would also allow the owners to realize this money as capital gains instead of income (lower tax rate), right?
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Re:Sports Owners Use Their Teams to Avoid Millions in Taxes by long_time_gone on Thursday July 08, 2021 @11:54AM (#27773683)
Yes, I also believe they wouldn't pay Social Security or Medicare taxes on it.
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