NY/Fed gov't going after Jeter 3,000 ball catching fan for TAXES on his free tickets!

Discussion in 'Politics' started by bucs90, Jul 16, 2011.

  1. bucs90
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    bucs90 Gold Member

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    Companies line up to help New York Yankees fan Christian Lopez - ESPN New York

    That didn't take lone. The NYC, state and fed gov't jumped on board this train didn't they? They guy makes one of the most unselfish moves in sports history by giving a historic baseball back to the guy who set a record, a ball he could've sold for up to $500,000, for FREE in exchange for simply meeting the player and getting a signed baseball. The team then rewarded his unselfishness with a couple bats, jerseys and free tickets for the rest of the season.

    And now, here come the government thugs. "Mmmmmmmmm......TAXABLE ITEMS!!" Their thirst for tax money has no end. They say this fan could end up owing over $15,000 to the government for his good deed. Amazing.

    Luckily, several PRIVATE COMPANIES (Yes, those evil, greedy, rich companies) are volunteering to pay this guys tax bills for him since he's a 23 year old student who doesn't have much money.

    Just amazing. Start a lemonade stand? Have a bake sale? Catch a historic baseball? Big Papa Government is gonna come for ya.
     
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  2. Oddball
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    Oddball BANNED Supporting Member

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    Funny how lefty looters aren't all up in arms about this particular example of unvarnished greed and using the little guy as a door mat.
     
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  3. driveby
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    driveby Gold Member

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    Maybe in his next speech, Obama can demonize these corporate guys for flying in on their jets to help this kid.........
     
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  4. driveby
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    driveby Gold Member

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    But but but but, Sarah Palin quit as governor!
     
  5. Warrior102
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    Warrior102 Gold Member

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    Somehow the Libs will blame Bush for this
     
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  6. Trajan
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    Trajan conscientia mille testes

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    humm so if someone says he could have gotten say 250K for the ball at an auction yet he gave it up for lesser value does he get the lower valuation as a basis for the tax? did the irs calculate what the box, jersey and signed ball cost? and split the difference, and the memorabilia market is fickle.

    what if jeter gets involved in some unsavory Rose like issue ? the value of the ball would certainly drop, so until the sale is made, how can they have a cost basis?

    it seems to me the only taxable items are the signed ball, the box and jersey. and the jersey again has a floating value, as does the ball, the box has a set price, so I see that.......some quick googling shows that In NY the gift tax kicks in on the giver at 12k a year, ONLY if the giver has provided over a million in gifts over a lifetime.

    so what framework are they using to tax this kid?
     
  7. Moonglow
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    Moonglow Diamond Member

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    he could have kept the ball and gotten around 250k at an auction. Stupid bytch
     
  8. Article 15
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    Article 15 Dr. House slayer

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    And why exactly should anybody be up in arms about it? The kid is an idiot. He wasn't forced to accept the gifts. Homeboy coulda done what any rational person would have done and that's sell the damn ball and this wouldn't be a problem.
     
  9. xsited1
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    xsited1 Agent P

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    The fan is a class act. America needs more people like him.
     
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  10. Article 15
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    Article 15 Dr. House slayer

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    You are forgetting the season tickets for the rest of the year. Wait... I think when you said "box" you meant the tix.

    To the last part, who is the giver? Jeter? The Yankees?
     

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