Next time, just throw it back.
Accountants say the man who caught the home run ball that Derek Jeter smashed
for his 3,000th hit Saturday will have to pay as much as $14,000 in taxes, New
York media report.
Christian Lopez, 23, caught the ball and promptly handed it over to the
Yankees without demanding any kind of payment, the
Daily News reported. The Yankees rewarded him with suite seats for the rest
of the season, plus a heap of autographed team memorabilia.
That’s what could cost Lopez. According to The New York Times, the total
value of the seats and loot could exceed $120,000. The IRS would consider that
to be taxable income, several accountants told both newspapers.
However, if it were construed as a gift, it would
not be taxable, Columbia University law professor Michael J. Graetz told
“The legal question of whether it is a gift or prize is whether the
transferor is giving the property out of detached and disinterested generosity,”
Graetz said. “It’s hard for me, not being a Yankee fan, to think of the Yankees
as being in the business of exercising generosity to others, but there’s a
reasonable case to be made that these were given out of generosity.”
For his part, Lopez is being just as magnanimous with the IRS as he was with
“Worse comes to worse, I’ll have to pay the taxes,” he told the Daily News.
“… The IRS has a job to do, so I’m not going to hold it against them, but it
would be cool if they helped me out a little on this.”
using the number/letter grid:
1 2 3 4 5 6 7 8 9
A B C D E F G H I
J K L M N O P Q R
S T U V W X Y Z
A = 1 J = 1 S = 1
B = 2 K = 2 T = 2
C = 3 L = 3 U = 3
D = 4 M = 4 V = 4
E = 5 N = 5 W = 5
F = 6 O = 6 X = 6
G = 7 P = 7 Y = 7
H = 8 Q = 8 Z = 8
I = 9 R = 9
find out your own numerology at: