Posted on 07/12/2011 7:46:22 PM PDT by Graybeard58
It’s necessary when lost in the desert to bear in mind constantly that the vultures are always circling.
15 minutes of fame.
$14,000 in taxes.
The time spent to sit down and think the situation through clearly: 0
I have a brother in law (whom I havent seen in two years) who pulls down about 150k each year in medical sales and i have no doubt that if I won the lottery, he'd show up on my doorstep wanting "his cut".
The ball has been estimated to be worth $450,000 on the collector market, so the loan could've been paid off in full. ....and then some.
there is a lot of of brain dead folks out there then...I believe I heard Michelle Obama talk about the LARGE student loans they had to pay off...both had law degrees, now neither have a law license...what a waste...NO?
we have a son with over nine years of college and he had, err has student loans also...my son is far from ‘brain dead’
today $150 K for college is nothing...what did your education cost????
And that would be his defense in the event of an audit: the tickets weren't really worth $70,000 if they were unsold, right?
If I were this guy, I’d take all this crap down to the IRS and dump it on the head ***hole’s desk. I’d also have an army of news cameras with me. Damn IRS Nazis.
exactly how does he owe any taxes? he received no money at all.
is it purely on the perceived value of gifts he received?
as he received no cash, how would he pay them?
how about breath from his lungs? it has value... without it, he’d be dead. one breath is worth at least $10k. take two.
what’s next? taxing hugs? cookies? get well wishes?
people need to start telling them ‘no’
that’s how the left got their way. it’s about time it’s tossed right back at them
Agree. $150K in student loans doesn’t make sense without an advanced degree or two in there. Who knows? Maybe he IS a neurosurgeon.
But realistically, the ‘best’ schools that would have tuition/room/board/fees running $40K/year would have offset a good part of that with grants that don’t have to be paid back. And several Ivies and others in that league (i.e., old, prestigious, and terribly well endowed) several years ago began a policy of all grants instead of loans to those who couldn’t afford to attend otherwise. They decided to do that so their grads didn’t have huge loans to repay after they graduated. So I can’t imagine where he would have acquired that kind of college debt. Or why.
I would have negotiated a contract with the Yankees - in exchange for the ball, I get a 5 year contract at $100,000 per year to act as a part-time Yankees marketing representative or something like that. Then he could pay off his student loans and be able to go to every Yankees game for free without the immediate tax liability of a lump sum payment. Heck - this ball was important. Hold out for a 10-year contract.
It would be what ever the Yankees wrote on the 1099.
Why does everyone think the classy thing to do is to give the ball to Jeter free of charge? Derek Jeter made $33,000,000 last year and has made $205,000,000 in his career in salary alone. If I’m the guy, what’s wrong with asking him to pay for a ball that I caught that he wants - a ball that is easily worth every bit of what I owe in student loans.
Well staggeringly as this must be for you to comprehend, some people actually consider certain things as having value beyond their tax status.
In fact, they consider people who don't see beyond tax status, as stupid.
Crazy world, huh? What fools, eh? Morons, indeed.
Sorry, I was looking at the stat sheet the wrong way. Jeter makes about $22,000,000 per year, but has earned $205,000,000 in his career, or thereabouts.
>>Why does everyone think the classy thing to do is to give the ball to Jeter free of charge?<<
Because ethics aren’t situational. A moral compass points True North, irrespective of the landscaping along the path.
Your proposal isn’t “what is the right thing to do?” It is “what can I get from this?” If it was an AA club guy’s 100th HR ball, would you demand $200 from him?
He is a cellphone salesman.
Shades of George Costanza.
Hey IRS how about going after GE and the other corps who (in a way rightfully so) escape paying taxes in the US due to various “lawful” shenanigans? Hmmm?
Going after average Americans in such a completely shameless way is counterproductive. “Counterprodutive” - look it up.
The guy had a $250,000.00 asset in his hand and he gave it away for essentially nothing.
It is no different than if one had given their 250,000.00 401k to a baseball player.
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