Miller Paying The Taxes - Democratic Underground

ProfessorGAC

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Thu Jul-14-11 04:51 AM
Original message

Miller Paying The Taxes

Miller High Life has announced that it's going to pay the taxes on the gifts Lopez received for Jeter's 3,000 hit ball.

I think it would have been better if Derek did it, but good on Miller.

(To be fair, we don't know if Derek did something nice for the guy and just didn't publicize it.)
GAC

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RockaFowler

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Thu Jul-14-11 07:52 AM
Response to Original message

1. I don't understand this

Aren't the cost of these items only determined if he sells them?? I had no idea people weren't allowed to get gifts from other people. And does Jeter then have to pay taxes for the baseball??

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brendan120678

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Thu Jul-14-11 07:59 AM
Response to Reply #1

2. I think, in most circumstances, you pay taxes...

on the actual value of the item received if it is over a certain amount.

Jeter's baseball, while having the potential to be appraised at thousands of dollars, is worth what - $6.00?
The suites that Lopez received are worth $60K. That's taxable.

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ProfessorGAC

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Thu Jul-14-11 02:23 PM
Response to Reply #1

3. No.

There was a thread on this in GD yesterday. Somebody actually posted a clip from the IRS code.

That gift is taxable, just like winning on a game show. It doesn't seem totally fair to me either, but apparently it's true.

Cool that Miller is stepping up. It may be bandwagon jumping, but still. . . .

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Renew Deal

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Thu Jul-14-11 05:04 PM
Response to Reply #1

4. I really think this is an internet joke that went haywire.

:shrug:

But he did receive "gifts" in the season tickets. Whatever.

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MrSlayer

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Thu Jul-14-11 08:20 PM
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5. The guy is a flat out fool for giving up the ball.

He should get stuck paying for whatever comes just for being such a dumbass.

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ProfessorGAC

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Thu Jul-14-11 08:38 PM
Response to Reply #5

6. Whatever

You call it dumbass, i call it being a nice guy. He got rewarded and he's happy. Why so bitter? Jealous you didn't catch the ball?

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MrSlayer

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Thu Jul-14-11 09:03 PM
Response to Reply #6

7. No, I just think he's stupid.

Giving up what would be at least a half a million dollars to a guy who couldn't care less about you and who has made over $200 million in his career is just dumb. Particularly when you are in as much debt as he is. I'm not jealous, I'm irritated at his stupidity.

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flvegan

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Thu Jul-14-11 10:13 PM
Response to Reply #7

8. Really?

Well, from what I've seen, certain interests have guaranteed his tax debts on his merch, $50k in cash, a shitpile of marketing and promotion ops which will probably become more $$$$, a Topps Baseball card (at least) and part of the legacy that is the Yankees. And Lord only knows what Jeter has offered outside of what we know.

Yeah, he's stupid. Okay.

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