the IRS want's blood and more

S

SmarterthanYou

rebel
they really have to go.

IRS goes after fan who returned Derek Jeters record making baseball

The tax man may be on the hunt for the super fan who caught Derek Jeter's 3,000th hit.

Christian Lopez, 23, recovered the prized ball his father fumbled after The Captain hammered it into their section of the stands in the third inning of the Yankees' win over Tampa Bay on Saturday.

The Verizon salesman from Highland Mills, N.Y., gave the ball back to Jeter, whom he called an "icon," and the Yankees lavished a slew of prizes, including luxury box seats for every remaining home game this season and post-season and some signed memorabilia, upon him.

Now the IRS wants a piece. The prizes Lopez received are estimated to be worth more than $32,000 -- and, like game show contestants, Lopez may have to pay taxes on the gifts and prizes because the IRS considers them income.

Some estimate the IRS will put Lopez on the hook for anywhere between $5,000 and $13,000,
 
At least somebody's doing his job to raise federal government revenue and bring down the deficit.
 
"...luxury box seats for every remaining home game this season and post-season..." This is a big prize.

It reminds me of people who get a brand new house on Extreme Makeover and then have to sell it because the taxes are too high. Doesn't anybody think of this beforehand?

TNSTAAFL.
 
christiefan915 said:
"...luxury box seats for every remaining home game this season and post-season..." This is a big prize.

It reminds me of people who get a brand new house on Extreme Makeover and then have to sell it because the taxes are too high. Doesn't anybody think of this beforehand?

TNSTAAFL.
Click to expand...

how is it a prize? he gave back a very important ball...they, in return, gave him gifts. is the ball a prize?
 
(\(\(\/)/)/) said:
A typical middle class family pays payroll taxes on all its income while a millionaire employee pays payroll taxes on only a tenth of his income.


Effective tax rates at the top have fallen in every decade since 1970.








http://www.theatlantic.com/business...americans-pay-no-federal-income-taxes/238329/
Click to expand...

righto christie....not spamming the board with the same schtick in MULTIPLE THREADS

he posts anti gun crap all over the board and now he is obsessed with taxes and will post crap all over the board....nope....not spamming because you like his left leaning spin
 
Yurt said:
righto christie....not spamming the board with the same schtick in MULTIPLE THREADS

he posts anti gun crap all over the board and now he is obsessed with taxes and will post crap all over the board....nope....not spamming because you like his left leaning spin
Click to expand...

It beats reading your whiny hissy fits in MULTIPLE THREADS.
 
Dumbass

He was a dumbass for giving back that ball to Jetter?!! Why? He has a $100,000 debt in student loans?! I hope the IRS gets their money too! That ball may have been worth $250,000, that would have taken care of that student loan debt and pay the IRS too, with some money left over!
 
That is the bomb too. Those people use it to shield an extra 25,000 a year on the vacation homes.
I'm almost there, shit rocks.
 
Middle-income households use tax breaks to reduce their tax liability by an average of $4,000.




The top 1 percent of taxpayers — the very rich — reduce their tax liability by nearly $275,000 on average.




What if you got rid of all of the breaks, which collectively total $1 trillion? For the bottom 20 percent of households, their tax liability would increase 275 percent.




The top 20 percent would pay about 41 percent more...










http://www.dallasnews.com/news/poli...who-pays-no-income-tax-and-does-it-matter.ece
 
Yurt said:
how is it a prize? he gave back a very important ball...they, in return, gave him gifts. is the ball a prize?
Click to expand...

So substitute "gift" for "prize". How does that change anything? The article uses the word "prize".

"The prizes Lopez received are estimated to be worth more than $32,000 -- and, like game show contestants, Lopez may have to pay taxes on the gifts and prizes because the IRS considers them income.

Some estimate the IRS will put Lopez on the hook for anywhere between $5,000 and $13,000, reports the Daily News.

If it comes down to that, Lopez says he'll pay the tax man because he's not about to relinquish his seats. The young government major says his family and friends will help him out.

"The IRS has a job to do, so I'm not going to hold it against them, but it would be cool if they helped me out a little on this," Lopez told the News."

That being said, I agree with Kenneth. He should have kept the ball.
 
You must log in or register to reply here.
Back
Top