The feds should not be allowed to touch this until the guy that caught it decides to sell.
2007-08-22 09:14:03 · 7 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Because the IRS is nothing more then Mafia!! They think they have a right to ALL your money from anywhere and every where!!
2007-08-22 09:18:03 · answer #1 · answered by TyranusXX 6 · 3⤊ 1⤋
The IRS is really reaching on this one. If he took the time to fight it he would probably win.
The problem is the IRS is trying to Tax an assumed value of the ball. The problem with memorabilia is that it is only worth as much as someone is willing to pay. If the ball is never put up for sale it has no actual value.
Has the IRS taxed every player who has ever gotten their important homeruns back? Should every fan have to report on their taxes when they catch a meaningless homerun? How much is that worth?
This is a blatant, poorly thought out cash grab by the IRS.
2007-08-22 16:29:12 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Sorry...I am not up on this...but from your question I gather that someone caught a rare and valuable ball at a game and the IRS is taxing him on the value of the ball?
If I got this right, they should not be able to do anything until he sells the ball. It may be worth alot right now but what if we hit a stock market crash and he sells it and it is like worth half the value. Right now it is a ball and it should be worth the value of nothing more if and when he sells it he should be taxed on the monetary capital gain he receives.
2007-08-22 16:25:24 · answer #3 · answered by elysialaw 6 · 1⤊ 0⤋
The ball was already considered a commodity before it was hit. each ball that bonds hit was numbered by person keeping track of that ---he never got the same ball twice and no ball ever thrown to him was ever used again. So when the fan caught the ball, it was already worth something $$$ and already numbered. It was removed from his possession to verify that is was the correct number and he had to fill out a paperwork for a 1099 (just like he had won at a casino).
Sorry but sad truth....our government puts a price on everything.
I would had sold it also.
good luck :)
2007-08-22 16:22:56 · answer #4 · answered by Blue October 6 · 1⤊ 0⤋
I agree totally! how can they tax someone that they did not buy and it was not a prize? Well maybe they consider it a prize. If that is the case, are they taxing people for catching fly balls too? I would tell him to call the IRS first to make sure before he puts it on the auction block. He is being told this by some people. Might just be some of the same people who want to own it themselves.
2007-08-22 16:21:17 · answer #5 · answered by thequeenreigns 7 · 1⤊ 0⤋
Because our government is run by greedy plutocrats who can't stand to see someone else getting ahead or enjoying themself. Our tax system is designed to make sure the rich get richer and the poor get poorer.
2007-08-22 16:45:15 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Welcome to the liberal IRS, screwing us since the CARTER administration.
2007-08-22 16:25:13 · answer #7 · answered by infobrokernate 6 · 1⤊ 0⤋