As a Yankees fan, it was particularly exciting that Derek Jeter became only the second player to get his 3000th hit with a home run.
As a student of human nature, it was remarkable that the fan who caught the ball, Christian Lopez, returned it to Jeter instead of selling it for as much as $300,000.
As a libertarian, it is disgusting that the jackboots at the IRS have now gotten involved by threatening to tax Mr. Lopez because the Yankees repaid his generosity with luxury box seat s and signed memorabilia. Here are some of the details from NBC New York.
The tax man may be on the hunt for the super fan who caught Derek Jeter’s 3,000th hit. Christian Lopez, 23, recovered the prized ball his father fumbled after The Captain hammered it into their section of the stands in the third inning of the Yankees’ win over Tampa Bay on Saturday. The Verizon salesman from Highland Mills, N.Y., gave the ball back to Jeter, whom he called an “icon,” and the Yankees lavished a slew of prizes, including luxury box seats for every remaining home game this season and post-season and some signed memorabilia. Now the IRS wants a piece. The prizes Lopez received are estimated to be worth more than $32,000 — and, like game show contestants, Lopez may have to pay taxes on the gifts and prizes because the IRS considers them income. Some estimate the IRS will put Lopez on the hook for anywhere between $5,000 and $13,000, reports the Daily News.
The only thing missing from this story is whether the thugs at the IRS also plan to tax Jeter for the value of the ball. Actually, I probably shouldn’t have mentioned that idea. But, then again, it’s highly unlikely that IRS bureaucrats are reading a blog dedicated to liberty.
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If they were going to be consistent, they’d also be taxing Jeter for the value of the gift given him by Lopez. However, they know the bad publicity that would bring so they pick on a little guy. I hope this blows up in their faces.
As a long time Yankee fan who is so happy that Jeter is the first Yankee to get to 3000 hits! it is truly amazing that the government needs to collect revenues because they can not control their spending.
Its a shame to put this burden on Jeter or the Yankees to get the revenues for a out of control federal government agency…
Wouldn’t the giver of the gift ( Lopez) be on the hook for a Gift tax on the percieved value of the ball?
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