yfzkyle Posted August 23, 2007 Share Posted August 23, 2007 Did anyone else hear that the guy who cought barry bonds number 756 home run ball has to pay taxes on it but cant afford it so he has to sell it. What do you guys or girls think about that? Me personally i think he shouldnt have to pay. Quote Link to comment Share on other sites More sharing options...
EY3BA11 Posted August 23, 2007 Share Posted August 23, 2007 Why does he have to pay tax's on a baseball.. how much could tax's actually be on a $10 baseball! Quote Link to comment Share on other sites More sharing options...
yfzkyle Posted August 23, 2007 Author Share Posted August 23, 2007 Im not sure why i read it in the sports section of the news paper today. They estimated the ball being worth $500,000 and they said he has to pay 10%. Quote Link to comment Share on other sites More sharing options...
Kens Colors Posted August 23, 2007 Share Posted August 23, 2007 In the end, he gets paid for going to a ball game while he was on layover for a flight to Hawaii . I think he will end up getting 600k+ close to 400 after taxes, my deepest sympathy goes out to him. Quote Link to comment Share on other sites More sharing options...
EY3BA11 Posted August 23, 2007 Share Posted August 23, 2007 I thought the understanding was you dont get taxed on it until you decide you want to sell it. As of right now its a baseball with a some hype behind it. I would give them the tax's on the MSRP of the ball.. but i wouldnt give them no 50k because some on steroids knocked it over a fence. Quote Link to comment Share on other sites More sharing options...
Guest Crasher Posted August 23, 2007 Share Posted August 23, 2007 Ken's correct Nick. The "MAN" will tax him on what the ball is worth(anywhere from 500 to 750k. Quote Link to comment Share on other sites More sharing options...
ocean's 4 Posted August 23, 2007 Share Posted August 23, 2007 :whacky101: Poor him, caught a ball that was worth a butt load of $$$$$. Quote Link to comment Share on other sites More sharing options...
wingnut Posted August 23, 2007 Share Posted August 23, 2007 Ken's correct Nick. The "MAN" will tax him on what the ball is worth(anywhere from 500 to 750k. Sorry, that was me, didn't know Tiff signed in :whacky101: Quote Link to comment Share on other sites More sharing options...
desertskyz Posted August 23, 2007 Share Posted August 23, 2007 :whacky101: I lost it when I was walking out of the park. Prove the I have "said" ball. Quote Link to comment Share on other sites More sharing options...
Warrior07 Posted August 23, 2007 Share Posted August 23, 2007 i think it's until he decides to sell it. but it is used not new so what could tax really be worth for a used ball . oh i forgot you always get by the irs . :whacky101: Quote Link to comment Share on other sites More sharing options...
offroadracer Posted August 23, 2007 Share Posted August 23, 2007 That is :whacky101: irs is always find a way to stick it to ya..like dez said prove i have the ball Quote Link to comment Share on other sites More sharing options...
Mr. Edgy Posted August 23, 2007 Share Posted August 23, 2007 Sell the ball, pay the taxes, walk away a half million $'s wealthier............whats to think about? Quote Link to comment Share on other sites More sharing options...
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