Interesting story

[1988GTU]

http://video.google.com/videoplay?docid=-2715792117793977759&

http://www.thenewspaper.com/news/19/1961.asp

http://www.stltoday.com/stltoday/news/stories.nsf/stlouiscitycounty/story/D46A8EE4AB8299A68625735D000200C0?OpenDocument

Discuss.

[SappySE107]

click click click click

seen it before, don't wanna see it again.

[1988GTU]

How about this one:
Aug 09, 2007 04:30AM
NEW YORK –
Matt Murphy's stopover in San Francisco included a wild ride, and it wasn't on a cable car.

The 21-year-old college student who grew up near Shea Stadium emerged from a mad scramble at AT&T Park on Tuesday night with a bloodied face and the city's most-prized souvenir: the ball from Barry Bonds' record 756th home run.

"I won the lottery," Murphy told the New York Daily News in a story posted on its website yesterday. "I'm scraped up but nothing serious."

Murphy said the ball was "under lock and key."

"I'm going to be smart about what I do with it," he said. "Funny enough, I'm only keeping 51 per cent of what the ball brings."

He said the rest would go to a friend with him at the game.

According to experts, the ball became taxable income in the eyes of the Internal Revenue Service.

"It's an expensive catch," said John Barrie, a tax lawyer with Bryan Cave LLP in New York. "Once he took possession ... it was income to him based on its value."

That would have Murphy facing a tax rate of about 35 per cent, or about $210,000 (U.S.) on a $600,000 ball.

The IRS had no comment.

Wearing a Mets jersey, Murphy went to the stadium and got a seat in right-centre field to see the Giants play Washington.

Then in the fifth inning, Bonds struck. The slugger sent a drive into the stands to break Hank Aaron's home run record.

San Francisco police officer Ana Morales and her partner, Kevin Martin, were assigned to the lucky section at the ballpark. When Bonds connected, "there was complete chaos," she said yesterday from San Francisco.

There was a massive pile of fans scrambling to get to the ball, and Murphy was on the bottom, Morales said. The officers began peeling people off the top.

"When I caught the ball, I just curled up under a bleacher and immediately there was a 30-person dogpile," Murphy said.

"The SFPD saved my life."

Morales and Martin led Murphy to a secure area in the ballpark where he met with Giants officials who authenticated the baseball.

Murphy grew up in Queens and when he's not in school, he lives in a tidy house with his parents, grandmother and little brother.

Neighbour Kay Mitchell said Murphy is a real clean-cut guy. "You never hear anything bad about him. He's a nice college kid," she said

[PCGUY112887]

I don't get it? He gets taxed on it if he sells it... so?

[1988GTU]

No.... No matter what he does with it he will owe taxes on the foreseen value on that ball.
"It's an expensive catch," said John Barrie, a tax lawyer with Bryan Cave LLP in New York. "Once he took possession ... it was income to him based on its value."

So if he sells it for 10,000 and the value is seen to be 100,000 he will owe the tax value of whatever % they charge on the 100,000. I think it's 42%. So he'll owe a lot.

[SappySE107]

it already sold. The moral of the story is, you shouldn't go to giants games.

[john_V63400]

haha good one, marc echo baught it you can actually go on his website and vote for what you think he should do with the ball
Blow it up
Send it to space
stuff like that
Oh yeah you know Marc Echo
Echo brand cloths, shoes and stuff, yeah the owner guy, thats him who baught it for sum 700K or sumthing