Keep it or give it back?

tomASS · Post by **tomASS** » Fri Aug 10, 2007 10:42 am

Interteresting editorial - good reading

http://openmike.msnbc.msn.com/archive/2 ... 08588.aspx

I like this guy's opinion on this one. Of course I'm a soccer guy, we have to give the ball back.

The Maris story was the first time I had heard that one.

Your thoughts?

Joey (nine toes) Marcoux · Fri Aug 10, 2007 10:51 am

Highest bidder gets it in my opinion

elliott70 · Post by **elliott70** » Fri Aug 10, 2007 11:45 am

Take the money.

The only time I would give a professional the ball is if it was his first home run.

Stealth · Post by **Stealth** » Fri Aug 10, 2007 12:01 pm

Become a NBA star for a day and say you need to FEED your family! Okay you will only get $300,000+

one time income compared to his $11,000,000+ year after year income. So gives a rip. Cash in!!!!!!

tomASS · Post by **tomASS** » Fri Aug 10, 2007 12:05 pm

elliot that would be a nice touch

I'm not surprised - because I would milk it for all it's worth.

It just surprises me the purist attitude of those that do not have ball in hand and how easy it is for them to say to give it back

Maris was way a head of his time.

highschoolhockeyfan · Fri Aug 10, 2007 12:15 pm

i was watching sports center and i dont know if anyone else heard this but bonds said who ever got the ball should do whatever he wants with it and that he did not care

Can't Never Tried · Post by **Can't Never Tried** » Fri Aug 10, 2007 12:28 pm

highschoolhockeyfan wrote:i was watching sports center and i dont know if anyone else heard this but bonds said who ever got the ball should do whatever he wants with it and that he did not care

Put an * by that statement too!

Govs93 · Post by **Govs93** » Fri Aug 10, 2007 1:30 pm

I saw some dude who said if he caught Bonds' 756th, he would have taken a big fat Sharpie, drawn a huge asterisk on it, and given it back to Barry.

That would have been funny.

tomASS · Post by **tomASS** » Fri Aug 10, 2007 1:33 pm

Govs93 wrote:I saw some dude who said if he caught Bonds' 756th, he would have taken a big fat Sharpie, drawn a huge asterisk on it, and given it back to Barry.

That would have been funny.

That would have been perfect!

HShockeywatcher · Post by **HShockeywatcher** » Fri Aug 10, 2007 8:26 pm

CNT, I'm there with ya 100%.

tomASS, I've always wondered about that, why do you have to give the ball back in soccer? It also seems that's what you're "expected" to do in basketball too. Why? They go through baseballs like toilet paper (I think balls average 6 or 7 pitches), guys give the guys with the $300 tickets footballs after they score a TD, they could care less about pucks, but soccer balls and basketballs are so valuable to the organization?

tomASS · Post by **tomASS** » Fri Aug 10, 2007 11:45 pm

HShockeywatcher wrote:CNT, I'm there with ya 100%.

tomASS, I've always wondered about that, why do you have to give the ball back in soccer? It also seems that's what you're "expected" to do in basketball too. Why? They go through baseballs like toilet paper (I think balls average 6 or 7 pitches), guys give the guys with the $300 tickets footballs after they score a TD, they could care less about pucks, but soccer balls and basketballs are so valuable to the organization?

good question
1) out of habit because in the former days if they didn't give the ball back the game didn't continue
2) continuity of play - getting the ball back into action as quickly as possible and the restarts allow the players to dictate that
3) The English Premier Balls are $140 a ball.

Those are my thoughts why

HShockeywatcher · Post by **HShockeywatcher** » Sat Aug 11, 2007 6:57 am

The price may be so but at the pro level they must have a bin of them sitting there, that one ball means nothing to them.

tomASS · Post by **tomASS** » Sat Aug 11, 2007 9:01 am

HShockeywatcher wrote:The price may be so but at the pro level they must have a bin of them sitting there, that one ball means nothing to them.

Then knowing the English fans the balls would be thrown back out onto the field
and the pitch is 120 long by 80 yard so you would need to have them distributed all over the field.

or it must be just out of tradition.

Stealth · Post by **Stealth** » Mon Aug 13, 2007 10:51 am

Okay, here is a new twist on the Asterisk **** ball!
I was golfing with a customer this weekend from down South and he say’s there are reports that the government will be looking for $200,000 in taxes based on the estimated value of the ball being $600,000.

Just for catching (or fighting) for the thing, coming out on top with it, he is considered to have won the Powerball?

If this guy keeps this stupid thing, do you think he should be liable for paying the taxes up front?
Anybody else hear this?

Can't Never Tried · Post by **Can't Never Tried** » Mon Aug 13, 2007 11:12 am

Stealth wrote:Okay, here is a new twist on the Asterisk **** ball!
I was golfing with a customer this weekend from down South and he say’s there are reports that the government will be looking for $200,000 in taxes based on the estimated value of the ball being $600,000.

Just for catching (or fighting) for the thing, coming out on top with it, he is considered to have won the Powerball?

If this guy keeps this stupid thing, do you think he should be liable for paying the taxes up front?
Anybody else hear this?

No, but it would not suprise me either, was the ball taxed prior to being hit? if so wouldn't that be double taxation..now if he sells it, the buyer should have to pay what ever the local tax rate is.
What if he switched balls and then forfieted the ball to the Government?
Suppose at some point you go to Jail...
That's a bogus deal if uncle sam can stick his nose in that...plus that would also bring up the * thing again as the ball is not really worth that because, well....he alledgedly cheated.

Set up a charity and donate the ball to it

"Helping children avoid performance enhancing drugs"

HShockeywatcher · Post by **HShockeywatcher** » Mon Aug 13, 2007 12:15 pm

That's really dumb that someone would look into that. It's like anything going up in value. You buy a car, guitar, baseball, sports card, etc, etc and it gets signed or something happens to it that it goes up in value, you don't have to pay anyone anything. Or you add on to your house. Or you do anything else.

So, he gives it back, do the people who he gives it to then get stuck with the burden of the tax?

This would be a never-ending cycle.

And what if something you have goes down in value, or you suddenly lose something valuable (the opposite of suddenly acquiring it), does the government then owe you the loss in taxes?

Can't Never Tried · Post by **Can't Never Tried** » Mon Aug 13, 2007 12:49 pm

It's called capital gains-losses I would think that the math guy would know this

HShockeywatcher · Post by **HShockeywatcher** » Mon Aug 13, 2007 1:22 pm

No, math implies nothing of economics. But since I took to couple seconds to look into it, wouldn't catching a ball be a "gift", per se, so you wouldn't have to pay taxes for it?

Stealth · Post by **Stealth** » Mon Aug 13, 2007 1:23 pm

The talk was that if he sold for $1,000,000 he would then only own the difference of the $400M. Same would be true if it was lower (worthless due to Asterisk markings

) in value he would receive credits going forward.
Well this kid would most likely need to take a loan to do anything.
When you go to a casino or lottery, don’t they have a set dollar limit that only when exceeding $1,100.00 they don’t collect taxes on your payout?

Can't Never Tried · Post by **Can't Never Tried** » Mon Aug 13, 2007 1:45 pm

Stealth wrote:The talk was that if he sold for $1,000,000 he would then only own the difference of the $400M. Same would be true if it was lower (worthless due to Asterisk markings ) in value he would receive credits going forward.
Well this kid would most likely need to take a loan to do anything.When you go to a casino or lottery, don’t they have a set dollar limit that only when exceeding $1,100.00 they don’t collect taxes on your payout?

When you go to a casino or lottery, don’t they have a set dollar limit that only when exceeding $1,100.00 they don’t collect taxes on your payout?

We could ask Tim Donaghy

Odds are he knows Wha hahahaha

tomASS · Post by **tomASS** » Mon Aug 13, 2007 2:26 pm

HShockeywatcher wrote:That's really dumb that someone would look into that. It's like anything going up in value. You buy a car, guitar, baseball, sports card, etc, etc and it gets signed or something happens to it that it goes up in value, you don't have to pay anyone anything. Or you add on to your house. Or you do anything else.

So, he gives it back, do the people who he gives it to then get stuck with the burden of the tax?

This would be a never-ending cycle.

And what if something you have goes down in value, or you suddenly lose something valuable (the opposite of suddenly acquiring it), does the government then owe you the loss in taxes?

ummmm- if you add on to your house and make improvements you will be paying more in property taxes because of the assessed value the city will now tax you at.

Unless of course there was a past project you are trying to hide and shouldn't have said anything about

the key here is that there are so many taxes on so many different things we have to pay , none of us can keep track of any of it.

Stealth · Post by **Stealth** » Mon Aug 13, 2007 2:42 pm

So what happens to a professional player who signs’s a piece of equipment and gives it to a non-profit to live auction.
Let’s pick on

Barry. Sign’s a bat and give it to a local Bath Ruth program. Somebody places a final bid of $5,000.00.
Does Barry get a tax break of that amount minus the value of the bat on his personal taxes being he is donating it to them for a fund raiser?

Can't Never Tried · Post by **Can't Never Tried** » Mon Aug 13, 2007 2:55 pm

Stealth wrote:So what happens to a professional player who signs’s a piece of equipment and gives it to a non-profit to live auction.
Let’s pick on Barry. Sign’s a bat and give it to a local Bath Ruth program. Somebody places a final bid of $5,000.00.
Does Barry get a tax break of that amount minus the value of the bat on his personal taxes being he is donating it to them for a fund raiser?

Wow

I hope he has direct deposit... just think how much it would reduce each paycheck he endorsed due to taxes, and does the value of that signed paycheck go up after he endorses it?

I think he does get a tax break but he would probably have to get an appraisal to claim it's worth.

TomAss is right we just can't keep track anymore

Neutron 14 · Post by **Neutron 14** » Mon Aug 13, 2007 3:34 pm

Can't Never Tried wrote: TomAss is right...

A string of words not often seen...

Can't Never Tried · Post by **Can't Never Tried** » Mon Aug 13, 2007 3:42 pm

Neutron 14 wrote:
Can't Never Tried wrote: TomAss is right...
A string of words not often seen...

Where ya been? Circle treatment? 12 step program

Should have taken Govs with