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Discussion in 'Sports Programming and Events' started by fluffybear, Jul 22, 2011.
From yard barker:
Good job by the kid. I was impressed with the guy who caught Jeter's 3000th hit, which was a HR. He wanted nothing for the ball & was just willing to give it to DJ. The Yankees stepped up at set him up very big. He could've been a jerk and sold it at auction for A LOT.
Great job kid.
I saw a story where that guy may be in for a nice big tax bill thanks to Jeter :lol:
As I understood the story, the IRS has figured Jeter's gifts are worth somewhere in the area of $50,000 and estimate the man will owe them $14,000
Last I heard, someone was gifting him the tax money to pay it because gifts aren't taxed. Someone please correct that if I'm wrong.
from the IRS:
As I read it, he would be responsible for any tax there as well. If the they don't get you one way, it's another..
Sounds great and all but as I read that article, Lopez better find himself a good tax guy as all those wonderful gifts he is receiving are just taxable (from the way I read that IRS link).
I just hope int he end that his good deed does not come back and bite him.
Miller High Life offered to pay his tax bill on the items he received from the Yankees for his good deed.
The way I see it, Lopez' gift to Jeter (the ball) was worth exactly what the Yankees gave to Lopez. Even exchange, no tax due, period!
The kid was ABC's person of the week