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Steve Ballmer's Clippers purchase: Don't write off tax-break potential
Steve Ballmer's Clippers purchase: Don't write off tax-break potential

Baseball fans remember Bill Veeck mostly for his bizarre stunts. The maverick team owner once signed a player with dwarfism, then sent the 3-foot-7 batter to the plate to draw a walk. Another time, he let the crowd hold up placards to dictate in-game strategies to the manager. But there is a legacy for which the late Veeck is less well-known. During the 1950s, the man who bought and sold three major league franchises over his lifetime was credited with persuading Internal Revenue Service officials to give him a hefty tax break on player salaries. These deductions have survived, with periodic changes, into the present day. And they could greatly benefit Steve Ballmer after his...

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