The world according to Riff

random blog, little politics, little humor...lotta bull****

2007/8/9

I.R.S. SUCKS

@ 04:14 AM (12 months, 25 days ago)
Read on the usual sites that the guy who caught Bonds winning ball, could be taxed on it's potential worth, even if he doesn't sell.  So if the ball is valued at approx 100G, even if the poor schmuck doesn't have a dime of the moolah, Those bastards want 35g as their cut, and yall know as well as I, they don't like to wait if you owe them..."Oh I see you owe us 35,000....hmmmm...you don't have it? well I geuss we have to liquidate your assets, that and plus it took us four years to finally take action, your also to pay back penalties and intrest. for a total of hmmmmm....Aw dude! You owe us the ball which we will auction off at a pittance, and your first born and right kidney".....As long as I'm going out on a limb...lol....Lets see........"Excuse me sir Im Dewey Cheatem from the IRS, it seems you bought a colt the other day, his blood lines can be traced to "Funny Cide" before gelding. With those genes it could possibly win the kentucky derby...that places it's value at over 30 million for the purse and at 25 million for stud fees later in life, plus at least another 90 million in future purse winning on the way to the derby  that will be 120 million you owe us, payable now. will that be check or money order?.......Crazy ain't it!!.....I bet if they think they can get away with it they will  put that guy in the poor house, and give him no choice but to sell!  Lets hope they get enough bad press about it maybe they will leave him alone and not force him to decide.....riff

Comment(s) »

  1. Yep, that's bullshit. Something is only worth what somebody's willing to pay for it no matter what IRS thinks. Also, I oppose most ad valorem taxes. You buy a boat, you pay a tax on that purchase. You have to buy a tag and insurance for it but that's not enough. You have to pay an annual tax just to own it. And consider the "standing timber" tax. You own property. That property has over X dollar's worth of timber. You have to pay a tax on that. Ahhh, why not impose the tax when the value is realized?

    Comment by Burns— 2007/08/09 @ 12:28 PM — (Reply)

  2. RIGHT.... till then its "SPECULATIVE"....AND IF I OWN IT THAT MEANS IT IS NOT FOR SALE....SO WAIT AND SEE IF I CHANGE MY MIND LATER ...THEN TAX ME...

    Comment by aza spade— 2007/08/09 @ 01:27 PM — (Reply)

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