So by now we have all seen that lucky schmuck that caught Barry Bonds #756. Well to his suprise now he owes the government $210,000. WTF??? They have estimated that the ball is worth about $600,000, and according to the IRS his lucky catch is now taxable income. Here is the part that really blows my mind, even if he does not sell the ball, he still owes the taxes. So really he has no choice but to sell the damn thing. It is just crazy to me that you can go to a baseball game any other time and catch home run balls and noone even gives it a second thought, but because this ball is a record breaking ball they are laying the hammer down on that poor guy.
In 1998 the IRS initially said that the fan who caught Mark McGwire's 62nd home run ball, to break Roger Maris' record for Most Home Runs in a season was subject to taxes, even though he returned the ball to the Cardinals. Later that year a fan caught the 70th homerun ball and sold it Todd McFarlane for $3 million, but I guess that is ok because, who cares about the 70th home run ball right.
In 1998 the IRS initially said that the fan who caught Mark McGwire's 62nd home run ball, to break Roger Maris' record for Most Home Runs in a season was subject to taxes, even though he returned the ball to the Cardinals. Later that year a fan caught the 70th homerun ball and sold it Todd McFarlane for $3 million, but I guess that is ok because, who cares about the 70th home run ball right.
1 comment:
Haha. That's pretty funny. Does the I.R.S. not got anything more important to do?
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