For Exchanging Derek Jeter’s 3,000 Ball, 14K Tax Bill Awaits Yankees Fan Christian Lo

Dec 2, 2002
3,407
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Poon City
I think the fucker deserves it for giving away a winning lottery ticket. Especially when he had 100k in student loans.

NEW YORK (WFAN / WCBS 880) – The debate raged all weekend long and spilled over into Monday: if you were Christian Lopez, would you have given back Derek Jeter’s 3,000th hit ball?

WCBS 880′s Paul Murnane On The Story

The results were mixed, though now it seems Lopez will have to pay a hefty tax on the bounty he received from the Yankees in exchange for the prized piece of memorabilia.

According to the New York Daily News, Lopez, who admitted he owes more than $100,000 in student loan debt, may have to pony up between $5,000 and $13,000 to the IRS.

The New York Times calculated the superfan’s tax bill — for the Jeter autographed bats, balls and jerseys, four front-row seats on Sunday and four Champions Suite tickets for the remainder of the season — at around $14,000.

“Worse comes to worse, I’ll have to pay the taxes,” Lopez told the New York Daily News. “I’m not going to return the seats. I have a lot of family and friends who will help me out if need be.”
If you're Christian Lopez, are you now regretting your decision to give back Derek Jeter's milestone ball?
Yes, the tax man cometh!No way, Lopez did the right thing no matter what the IRS bills him
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Lopez gave up his chance at selling the ball, valued by Steiner Sports at $250,000 on the open market. Now the 23-year-old Verizon employee wouldn’t mind a little help — maybe from the Yankees?

“The IRS has a job to do, so I’m not going to hold it against them,” he told the Daily News, “but it would be cool if they helped me out a little on this.”

If the Bombers turn a blind eye, Lopez will surely be dreading tax day.

As University of Cincinnati tax professor Paul Caron told the Times, “Pretty clearly he’s going to have to report as income the value of all the stuff he got for the ball.”

Should the Yankees give Lopez a hand with his tax bill? Sound off in the comments below…
 

bcneil

I am from BC
Aug 24, 2007
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Yeah this kid is sounding dumber and dumber.
First he gives back the ball for no cash.

Now he is stuck with high end season tickets for this year only. Has to pay $14,000 tax to use them.
Which works out to him paying $110 per seat for his "prize"

He also doesnt actually live near the stadium. About an hour and a half drive upstate.
 

bcneil

I am from BC
Aug 24, 2007
2,089
0
36
Well, it's tax on $14k, not $14k total. Still sucks.
I heard its $14000 payable.
Based on the tickets being worth 40 something grand.
Plus the signed balls, bats and jerseys, included as a couple grand.
 

klamkracker

Member
Jun 15, 2007
312
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I would of sold the ball and pay the taxes after. But good one him to give it back!
 

FloridaGuy

Member
Mar 5, 2009
284
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Ya he's a hero for helping a multi-millionaire and a billion-dollar baseball team keep a piece of their history intact. Reality is reality - he gave away $250, 000 for sentimentality reasons. He's an idiot.
 
Dec 2, 2002
3,407
5
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Poon City
Was listening to espn and tons of mult millionaires/billionaires in new york would pay atleast a million for the ball. Money is not everything but when u have 100k student loan. You should not be out there helping everybody.

Ya he's a hero for helping a multi-millionaire and a billion-dollar baseball team keep a piece of their history intact. Reality is reality - he gave away $250, 000 for sentimentality reasons. He's an idiot.
 
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