Taxing McGwire’s 62nd Home Run

Posted by on September 18, 1998 at 12:00 am.

The IRS just can’t keep it’s fingers out of the honeypot.Here’s one.

Who’s the fucknob that decided that all of a sudden, the guy who caught McGwire’s 62nd home run ball, and then gave it back to him would have magically incurred some ludicrous amount of taxes, because giving the ball back was giving Mac a gift?

First of all, shut the fuck up.

Second of all, who determines the value of the ball, for tax purposes? McGwire has said repeatedly, he won’t pay cash for the ball, which in effect means to him it’s got no monetary value.  Tax on $0?  Of course, you’ve got the greed inspired whack-job collectors who are willing to pay $1 million cash for the ball, on the spot.  I suppose the tax on that would be substantial.  But then the Home Shopping Channel said they’d pay $250,000 for it, ONLY if there was no violence involved in securing the ball.  And they would give the ball to Cooperstown in the end.  Someone else has said the ball is worth $2 million.  But this is all just talk. None of it is conclusive, and it can’t be.  The ball is only worth money if you decide to sell it.  And the person getting the ‘gift’ won’t pay.

And of course, MasterCard has determined that the ball costs $9.  Even adding a hefty markup for those nifty infra-red markings to prevent forgery, it can’t cost more then $20.  I bet even Big Mac can spot the gifter the tax on a Jackson.

And the IRS isn’t talking.  Why?  Because they’re a sinister evel group, who’d much rather quietly take down the name of Mr. 62, and then wait until April 16th, 1999, to come to his/her house with an audit form.  Or wait even longer, so they can claim interest and fees on the late taxes.

The sad thing is this all probably started with some tax ‘expert’ who wanted to get his 15 minutes by mouthing off about the tax.  This guy the planet doesn’t need.  If only #62 had brained him.

The happy thing is, #62 didn’t make the seats.  It landed just over the wall, where a groundskeeper picked it up.  No fan to give the unpriceable gift, no big taxes.  Take that, IRS.

Side happy note:  Of the numerous people asked, a huge majority of them said they’d give the ball back to Mac, for some items.  Jerseys mostly, though some said they’d want some BP, or even season tickets.  A small bright spot on the dark soul of humanity.

Reposted on behalf of Dann Fuller

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