Evidently there is a big debate among tax geeks about how to tax record setting baseballs.

Here is an excerpt from the article.

“Aside from the fact that this issue involves taxing America’s pastime, taxing record-setting baseballs is important for two reasons. First, the principles behind taxing record-setting baseballs apply to all found property. Second, taxing record-setting baseballs is highly publicized, perhaps more than any other taxation issue. This issue reaches mainstream America and is largely on a level that the average taxpayer can comprehend. Thus, taxing record-setting baseballs is incredibly important for the IRS to manage taxpayer morale“.

While I’m certainly not an expert in tax policy, it seems to be bad manners to stick someone who is lucky enough to catch a record setting baseball with a big tax bill. Most of the people who get lucky like that are working stiffs who already pay their fare share.

Best,

James

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