Well that sux.

[Dark Mistress]

lawl... canada. damn frenchies.

Lol...

:hop

 

[Ntrik_]

The IRS is out of hand. Germany? That sucks. Move to Canada. Its just forest. That's it. Nothing else.

Actually I think Canadians have more taxes

but then again, I dont realy pay taxes here :violin:

 

[MacMan]

Well that sux.

Not really. If I stumbled upon a solid-gold castle and made it my home, I wouldn't complain about my taxes going up because I would know full-well that my net worth had increased. That's all that's happened here... he is now very wealthy, regardless of whether he sells the ball or not. Taxes are based on ones worth. Not that hard to understand.

 

[Sogeking]

Not really. If I stumbled upon a solid-gold castle and made it my home, I wouldn't complain about my taxes going up because I would know full-well that my net worth had increased. That's all that's happened here... he is now very wealthy, regardless of whether he sells the ball or not. Taxes are based on ones worth. Not that hard to understand.

he isn't very wealthy until he sells it. his net worth may have increased but his net income hasnt

 

[MacMan]

he isn't very wealthy until he sells it. his net worth may have increased but his net income hasnt

So, by your logic, someone like Bill Gates should just quit his job and never have to pay taxes again? Because then his net income would be ZERO OMG! I can see it now, "He's worth billions, but he's not making any money, so we shouldn't even bother to tax him!"

That's ****ing moronic. The reason the system doesn't work like that is because that would just introduce a huge-ass loophole to allow the rich to never be taxed and furthermore they would never have to hold a job.

 

[Sogeking]

So, by your logic, someone like Bill Gates should just quit his job and never have to pay taxes again? Because then his net income would be ZERO OMG! I can see it now, "He's worth billions, but he's not making any money, so we shouldn't even bother to tax him!"

That's ****ing moronic. The reason the system doesn't work like that is because that would just introduce a huge-ass loophole to allow the rich to never be taxed and furthermore they would never have to hold a job.

i think theres a difference between someone who worked to get that money up and someone who caught a baseball.

 

[MacMan]

i think theres a difference between someone who worked to get that money up and someone who caught a baseball.

How is catching a ball any different that winning a lottery? The exact same rules apply. Instead of a ball worth hundreds of thousands of dollars, a lottery winner has a ticket worth hundreds of thousands of dollars. This is nothing special, you just can't get passed the fact that it's a baseball in question.

 

[Sogeking]

How is catching a ball any different that winning a lottery? The exact same rules apply. Instead of a ball worth hundreds of thousands of dollars, a lottery winner has a ticket worth hundreds of thousands of dollars. This is nothing special, you just can't get passed the fact that it's a baseball in question.

i think your the one that cant get around the fact that its a baseball. anyone can catch a baseball but you need to be 18 to buy a lotto ticket.

 

[MacMan]

i think your the one that cant get around the fact that its a baseball. anyone can catch a baseball but you need to be 18 to buy a lotto ticket.

And the guy who caught the ball is 21, why the **** do you still think he should be exempt from paying taxes? My point, which you completely missed, is this is no different than if he had bought a lottery ticket and won. If a kid had caught it the parents would be responsible.

 

[Sogeking]

And the guy who caught the ball is 21, why the **** do you still think he should be exempt from paying taxes? My point, which you completely missed, is this is no different than if he had bought a lottery ticket and won. If a kid had caught it the parents would be responsible.

you dont get jack squat from a lotto ticket until you turn it in.

 

[MacMan]

you dont get jack squat from a lotto ticket until you turn it in.

Doesn't change the fact that if you don't report you have a ticket worth hundreds of thousands of dollars to the IRS then you are committing tax fraud. The kid won't get jack squat until he sells the ball. Are you starting to see the similarities?

 

[Sogeking]

Doesn't change the fact that if you don't report you have a ticket worth hundreds of thousands of dollars to the IRS then you are committing tax fraud. The kid won't get jack squat until he sells the ball. Are you starting to see the similarities?

ticket isnt worth SHIT until you turn it in...then of course theres the option to have ## annual payments or the lump sum.

didnt the IRS try to pull this shit with the stock market a few years back?

 

[MacMan]

ticket isnt worth SHIT until you turn it in

A winning ticket is redeemable for money; it has a value equal to its winnings.

 

[Sogeking]

A winning ticket is redeemable for money; it has a value equal to its winnings.

so you have to REDEEM it to receive the money.

rofl, wanna keep arguing about lottery? cos im done.

 

[MacMan]

And the guy who caught the ball is 21, why the **** do you still think he should be exempt from paying taxes?

Want to actually answer my question?

 

[Sogeking]

if he earned over 7,000 dollars(thats the lowest tax bracket right?)

out of curiosity, what do you think would happen if the guy who caught the ball was from out of the country?

 

[Vadriel]

I still seriously hold the belief that if the IRS wants 35% of that ball's worth, it should get 35% of the ball itself. Take a big knife, cut it apart, and hand them their cut, see how they like it.

 

[Ntrik_]

wow who cares just pay the 300k to IRS, and get that 400k and be on your way LoL