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Fan forced to auction Bond's baseball
They can tax baseballs....
So, he can't keep the ball because he will be taxed according to its estimated worth. That seems a bit excessive. I don't particularly care about the baseball, but this seems unfair and a dangerous example. I have a friend with an antique handgun passed down from his great great great grandfather, valued at around $20k. If the IRS gets wind of it, will he have to start paying taxes for a twenty-thousand dollar piece of property he has no intention of ever selling?
Comments
Yes, inheritance is taxable if the IRS finds out about it.
FACT: The IRS was never ratified by the states to actually collect taxes. Technically what they are doing is illegal. Note how I say technically.
Eternally mine,
Keebs
The MMO gaming blog I write for.
Support the fair tax! www.fairtax.org
The IRS would be abolished and stuff like this wouldn't happen. I would have made a nice video of me destroying the ball.
Actually thats not true. I just watched CNN about 10 minutes ago and they contacted the IRS and their response was "We would only tax the baseball if he sells it not if he keeps it." This guy is being duped into selling the ball.
The only other way I think he could be taxed on it is if he kept it and then had it insured.
In America I have bad teeth. If I lived in England my teeth would be perfect.
Ha, I wonder if it's too late to pull the plug on the auction.
I did not think you could be taxed before any money was made.
Which, subsequently, would have been a HUGE Youtube hit netting millions of hits. You probably could have turned that into a name for yourself
"What is it I have against Microsoft, you ask? Well, you know how you feel when you wait for an MMO to come out and when it does you feel like you've paid to play it's beta test for another 6-9 months before anything even thinks of working the way it should? Being a network engineer you feel that way about anything Microsoft puts out."
For the most part, that's my understanding as well. I have 3 cases of mid-end value comic books. But as far as I know, and I've not been taxed on them in the 13 or so years I have owned them, I cannot be taxed on them unless I sell them. Namely because it's REALLY hard to tax something that doesn't have a set value. Colectables have a market value, sure, but the truth is they are only worth whatever someone else is willing to pay.
"What is it I have against Microsoft, you ask? Well, you know how you feel when you wait for an MMO to come out and when it does you feel like you've paid to play it's beta test for another 6-9 months before anything even thinks of working the way it should? Being a network engineer you feel that way about anything Microsoft puts out."
For the most part, that's my understanding as well. I have 3 cases of mid-end value comic books. But as far as I know, and I've not been taxed on them in the 13 or so years I have owned them, I cannot be taxed on them unless I sell them. Namely because it's REALLY hard to tax something that doesn't have a set value. Colectables have a market value, sure, but the truth is they are only worth whatever someone else is willing to pay.
That's what I always thought, but then the stories started appearing saying this guy would be taxed for however much the ball was deemed worth. It didn't make sense to me. If I sell a car for $100 bucks that Kelly Blue Books for $1000, aside from a bum deal I should still be taxed only for the $100 income.
the only way he would get taxed for having it is if the IRS knows he has it.
so that being said i dont know how they would know, because even if it was in the newspaper who owned it, he went on Jay Leno live, and had a parade in new york square they still might never get around to taxing him on it.
but if he put insurance on it they might.
98% of the teenage population does or has tried smoking pot. If you''re one of the 2% who hasn''t, copy & paste this in your signature.
The "taxing the baseball" is ridiculous because no one will know exactly how much it is worth (thus how much to tax) until it is sold. Poor guy is getting duped, but he'd probably end up selling it anyway.
As many have said, I do not think they can do this, but food for tougths?
If the IRS valued it at 1million, and kept taxing you for that and then you sold it but only got 500k.
Would the IRS pay back 50% of all the taxes you paid?
Or should they just go in and add another 500k?
I opt for the second..
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Originally posted by Jerek_
I wonder if you honestly even believe what you type, or if you live in a made up world of facts.
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Yes, inheritance is taxable if the IRS finds out about it.
FACT: The IRS was never ratified by the states to actually collect taxes. Technically what they are doing is illegal. Note how I say technically.
I must have missed this earlier. Yes the IRS is illegal. This is why I do not have a social security number. I am what is called a "sovereign citizen". The only way the IRS has power over you is if you sign up for a social security number which is NOT required but of course they don't tell you that. People say you can't have a job without a social security number which is totally false. Everyone I speak to about this I always encourage them to become sovereign citizens but its a long painful process once you have a social security number. If you are born and not given a social security number its much easier. LIVE FREE!
http://www.civil-liberties.com/pages/art1.html
http://en.wikipedia.org/wiki/Sovereign_Citizen_Movement
Sorry if I went off topic here, my apologies.
In America I have bad teeth. If I lived in England my teeth would be perfect.