Man who caught Bonds HR ball may not sell it

[Gator2753]

SI.com - MLB - Student says he might keep 756 baseball - Thursday August 9, 2007 1:27PM (http://sportsillustrated.cnn.com/2007/baseball/mlb/08/09/bonds.ball.ap/index.html)
"Selling the ball for that amount would instantly put Murphy in the highest tax bracket for individual income, where he would face a tax rate of about 35 percent, or about $210,000 on a $600,000 ball."
"On the other hand, he said, if the ongoing federal investigation into steroid abuse among professional athletes takes a criminal turn for Bonds, the ball's value could go down -- which would likely allow Murphy to claim a loss."

[crimsonnation713]

BS...hes going back to Australia and it will be on the market.

[Seppeh]

I heard about the tax part. And think thats complete Bull. What other home run balls that have been sold, was tax taken out?

Give me a break.

[fernandomike]

I heard about the tax part. And think thats complete Bull. What other home run balls that have been sold, was tax taken out?

Give me a break.

Nah, dude. The government is pretty good about keeping up with unexpected sources of income when they're that big. They want their cut.

[Kevhugh]

Some tax attorneys were actually arguing that it was the same as receiving a gifted car. In other words the tax was due NOW on the PERCEIVED value of the ball. That's nuts. But if he does sell it he will have to report it as income and will lose a good deal of it to taxes. But hey, I'd walk away from AT&T park with a 390,000 profit anyday.