Showing posts with label Baseball. Show all posts
Showing posts with label Baseball. Show all posts

Friday, August 17, 2007

Barry Bonds' 756th home run ball may result in big tax bill


21-year-old Matt Murphy snagged a valuable piece of sports history when he caught Barry Bonds' 756th home run. By most estimates, the ball would sell in the half-million dollar range on the open market or at auction. It therefore places Murphy in the highest tax bracket for individual income, where he may face a tax rate of about 35 percent, or about $210,000 on his $600,000 baseball. Kind of sucks eh?

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