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The guy who caught 756 owes the IRS $200k or more

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ChadTower:

How stupid is this?  The guy catches a baseball and immediately owes the gov't over two hundred thousand dollars.  That just ain't right.  The guy couldn't keep it even if he wanted to.  What if some kid had caught it?  Would the gov't be demanding that much money from an 8 year old?

shardian:
I read that and it is total ---That which is odiferous and causeth plants to grow---. As far as the government is concerned, if he kept it, it's value should be the cost of the ball or ~$20. He should only be charged taxes if and when he sells it. This is dangerous territory IMO. Lets say I have a Mickey Mantle card that was handed down to me from my dad. If I had an article done on my collection and and IRS saw that, they could come and tax me based on fair market value if they wanted, even though the card has been and always will be in my families possesion. (hypothetical, I only wish I had a Mickey mantle rookie card)

ChadTower:

Heh.  I have a '57 Mantle but that's about as close to a Mantle rookie as I'll ever get.

shmokes:
Link doesn't work for me, but that's ridiculous.  It makes no sense.  Like Shardian said, it's value should be the cost of the ball unless he sells it, and then it should be treated like income or capital gains or whatever. 

Jouster:
What are you all bitchin about??  Uncle Sam deserves that money...like he does all tax money.  It's his right!!

I'd have though yall knew that already.  I mean we gotta pay for dumba...er...helpful social programs that don't work.

Jouster

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