GoFuckYourself.com - Adult Webmaster Forum - View Single Post - guy will have to pay taxes on Bonds ball even if he keeps it.

kane · 08-09-2007, 02:07 PM

Here is an interesting story. http://www.forbes.com/feeds/ap/2007/...ap4005614.html

They say that the record breaking bonds ball is worth 500K to 600K and that if he sells it he will have to pay around 35% of the sale price in taxes. The problem for him is that if he decides he wants to keep it he will still have to pay the taxes on the appraised value of the ball and he would have to pay capitol gains tax on it if the value goes up and he sells it down the road.

What I wonder is if they find out Bonds was roided up and the value of the ball plummets, would he get his taxes back?

08-09-2007, 02:07 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	guy will have to pay taxes on Bonds ball even if he keeps it. Here is an interesting story. http://www.forbes.com/feeds/ap/2007/...ap4005614.html They say that the record breaking bonds ball is worth 500K to 600K and that if he sells it he will have to pay around 35% of the sale price in taxes. The problem for him is that if he decides he wants to keep it he will still have to pay the taxes on the appraised value of the ball and he would have to pay capitol gains tax on it if the value goes up and he sells it down the road. What I wonder is if they find out Bonds was roided up and the value of the ball plummets, would he get his taxes back?