This is some Bull $hit! F'in' Government...

[faulkton 5,000+ posts]

Basically it is like winning the fukkin lottery and people have to pay taxes on that.

 

[IgnoreMe 5,000+ posts]

Basically it is like winning the fukkin lottery and people have to pay taxes on that.

true...but would you still have to pay taxes if you denied the lottery money?

i know he is not necessarily being taxed yet...this is a what if

 

[faulkton 5,000+ posts]

true...but would you still have to pay taxes if you denied the lottery money?
i know he is not necessarily being taxed yet...this is a what if

I don't think that is a valid comparison because he isn't trying to give the ball back. If he did give the ball back he wouldn't have to pay taxes, the IRS has already said that.

 

[IgnoreMe 5,000+ posts]

imo, its a valid comparison.

if you win the lottery, you get money and are taxed on it. if you deny it, your income in no different than it were before and will not get taxed.

if he caught the ball and sold it, he has increased his income and the govt is entitled to get their dues. if he keeps it, its not necessarily worth anything, as he didnt get any money. its just a ball. yet they might still tax him.

just how i feel about it

edit: where did they say that they have decided not to tax him? i thought i read it was up in the air?

double edit: this is the only thing i read about the IRS

"But for its part, the IRS seems reluctant to clear up the confusion."

 

[faulkton 5,000+ posts]

imo, its a valid comparison.
if you win the lottery, you get money and are taxed on it. if you deny it, your income in no different than it were before and will not get taxed.

if he caught the ball and sold it, he has increased his income and the govt is entitled to get their dues. if he keeps it, its not necessarily worth anything, as he didnt get any money. its just a ball. yet they might still tax him.

just how i feel about it

edit: where did they say that they have decided not to tax him? i thought i read it was up in the air?

double edit: this is the only thing i read about the IRS

"But for its part, the IRS seems reluctant to clear up the confusion."

As Mark McGwire chased the mark for most home runs in a season in 1998, IRS officials initially said the ball that broke Roger Maris' long-standing record could be subject to taxes even if it were returned to McGwire. The statements were ridiculed by politicians and quickly disavowed by the agency's top brass.

So if he gives the ball back, he wouldn't have to pay taxes. If he keeps if, he might have to pay them.

Your comparison isn't valid because winning the lottery and not accepting the ticket is more comparable to catching the ball and giving it back... and that means no taxes.

His deciding to keep the ball and being taxed on it is more comparable to winning a shit load of prizes on a game show. If you win a bunch of prizes and decide to keep them, someone is going to pay the taxes. It might be the show, but someone will pay.

 

[IgnoreMe 5,000+ posts]

So if he gives the ball back, he wouldn't have to pay taxes. If he keeps if, he might have to pay them.


Your comparison isn't valid because winning the lottery and not accepting the ticket is more comparable to catching the ball and giving it back... and that means no taxes.

His deciding to keep the ball and being taxed on it is more comparable to winning a shit load of prizes on a game show. If you win a bunch of prizes and decide to keep them, someone is going to pay the taxes. It might be the show, but someone will pay.

yea but the prizes have a market value that is easily established. when you win a car you pay taxes on it because its worth 30k at a dealer. when you win a 54" plasma tv on a game show you pay taxes because its worth 4000 or whatever at a store.

a baseball is only worth $5 at a store. and just cause a few collectors value it at 600k he is subjected to 200k of taxes?

 

[faulkton 5,000+ posts]

yea but the prizes have a market value that is easily established. when you win a car you pay taxes on it because its worth 30k at a dealer. when you win a 54" plasma tv on a game show you pay taxes because its worth 4000 or whatever at a store.
a baseball is only worth $5 at a store. and just cause a few collectors value it at 600k he is subjected to 200k of taxes?

Again an invalid comparison.

That is like saying that winning a cash prize shouldn't be taxed because it is only paper.

Sport memorabilia has a value and that value can be easily assessed.

You were originally arguing that keeping the baseball would be like not claiming the lottery money. I would like to point out that you have shifted your argument without conceding i was correct when I showed you were using a faulty comparison.

Care to try again?

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[andytb 10+ year member]

theres no way they will be able to tax him if he doesnt sell it

 

[faulkton 5,000+ posts]

theres no way they will be able to tax him if he doesnt sell it

And you know this because?

People pay taxes on game show winnings all the time.

What is the difference?

 

[IgnoreMe 5,000+ posts]

Again an invalid comparison.
That is like saying that winning a cash prize shouldn't be taxed because it is only paper.

Sport memorabilia has a value and that value can be easily assessed.

You were originally arguing that keeping the baseball would be like not claiming the lottery money. I would like to point out that you have shifted your argument without conceding i was correct when I showed you were using a faulty comparison.

Care to try again?

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thats because i think my logic is still correct you hate monger

 

[faulkton 5,000+ posts]

thats because i think my logic is still correct you hate monger

If you think that keeping a $600,000 item is the same thing as winning the lottery but not claiming the prize you aren't really worth arguing with.

I am surprised you can even figure out how to post.

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[faulkton 5,000+ posts]

but i still

 

[IgnoreMe 5,000+ posts]

If you think that keeping a $600,000 item is the same thing as winning the lottery but not claiming the prize you aren't really worth arguing with.
I am surprised you can even figure out how to post.

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its not a 600k item...its a baseball whose only value is to a collector.

when that ball is worth 600k to 90% of the population then ill be fine with taxing the guy if he decides to keep it.

but your still a hate monger, ya bastard

edit: to me it is exactly like winning the lottery and not claiming the prize...if he sold it, he is claiming the prize.

 

[faulkton 5,000+ posts]

its not a 600k item...its a baseball whose only value is to a collector.
when that ball is worth 600k to 90% of the population then ill be fine with taxing the guy if he decides to keep it.

but your still a hate monger, ya bastard

If it is just a baseball worth $5 he wont have a problem trading it to the IRS for another ball. Then they can destroy it, problem solved.

I would also point out that using your logic art also has no value because only a few people are willing pay millions of dollars for some canvas and dried paint.

 

[faulkton 5,000+ posts]

edit: to me it is exactly like winning the lottery and not claiming the prize...if he sold it, he is claiming the prize.

Such faulty logic.

It is more like winning a car on a game show, keeping it, and having to pay the tax.

The lottery ticket loses its value after the date by which you must turn it in has passed.

That ball wont lose 100% of its value within a year.