Skip to content
Subscriber Only
Kavitha A. Davidson

Ballmer Got a Tax Break. So Do Lots of People.

An FT investigation highlights a flaw in the tax code, but not a special billionaire-sports-owner giveaway.
The face of goodwill.

The face of goodwill.

Photographer: Jeff Gross/Getty Images

Earlier this week, the Financial Times reported that new Los Angeles Clippers owner Steve Ballmer could stand to recoup around $1 billion in tax deductions from his purchase of the team.

Here's how FT's Arash Massoudi and Alan Livsey describe the benefit: