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souvenir tax?

Discussion in 'Other Off Topic Forum' started by 1303RS, Aug 22, 2007.

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  1. 1303RS

    1303RS Rookie

    Jan 9, 2007
    2
    #1 1303RS, Aug 22, 2007
    I read that Matt Murphy, caught Barry Bonds' 756 home run ball might be charged a souvenit tax. What is that about? He caught the ball, it was free, except for the battle for it. How can he be charged a tax? I dont understand how he can be taxed on something that was free. He did not win something from a game show and has to pay taxes on his winnings. It is a baseball. Fans of baseball can put a value on it by bidding on it, but other than that it is a home run ball. Please explain this. thanks
     
  2. rollsorferrari?

    rollsorferrari? F1 Veteran

    Jun 5, 2006
    9,984
    St. Louis
    Full Name:
    Scott
    #2 rollsorferrari?, Aug 22, 2007
    that was his reason for selling it. i personally think it's stupid to be charged taxes on something that was caught on a fly. i've got a ton of baseballs from hanging around busch stadium, during bp, should i have to pay the 10 cent tax on each and every one of these balls i have? i think not.
     
  3. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,529
    FL
    #3 BMW.SauberF1Team, Aug 22, 2007
    He shouldn't be charged a tax unless he sells it. Then he would pay income tax on it. Souvenir tax--that's the gov't working for you! Someone please kill the government. :(
     
  4. kwiker

    kwiker Karting

    Mar 27, 2007
    203
    Plano, TX
    Full Name:
    Nicholas H
    #4 kwiker, Aug 22, 2007
    That is not cool at all, i figure he paid the "souvenir tax" at the gate. After all, nobody asked him to return the ball, did they?
     

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