Quote:
Originally Posted by Bench Warmer
I actually heard this on a sports talk show (might've PTI) a few days ago. Apparently, the US government can assign value to something of this nature and charge taxes on it - similar in a way to how they charge taxes on lottery winnings (i.e. - charging taxes on found money basically and catching that ball is basically like finding money in their eyes). The whole concept of taxing a baseball perceived to be $XX in the government's eyes is totally stupid IMO but they apparently can/will do it.
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So those people on antique roadshow that find out there piece of crap tea set they've owned for 2 generations is worth $50,000 they own the government 60 years of back taxes?
Like I said before, groin cash grab by the greedy government, or GCGGG for short.