Fan's $75K half-court shot comes with $22K tax bill

[green73]

Michael Drysch (http://espn.go.com/nba/story/_/id/8885481/michael-drysch-fan-hit-half-court-shot-pay-22k-taxes) hit a half-court shot the other day and won $75,000 for himself and for the Boys and Girls Club of America. About $22,000 will be taken in taxes.


http://www.youtube.com/watch?feature=player_embedded&v=rnGEEius_J8

http://www.tomwoods.com/blog/fans-shot-comes-with-22000-tax-bill/

[jbauer]

I guess if thats to much I'd still take the $52k. But yeah after federal, state and maybe local that seems about par for the current course.

[green73]

I guess if thats to much I'd still take the $52k. But yeah after federal, state and maybe local that seems about par for the current course.

Even in the grotesque UK they don't tax winnings.

[erowe1]

I'm against all taxes.

But of all the examples there are, it's tough to see how this guy would be the one anyone's going to feel sorry for.

[BlackTerrel]

Pretty sure I'm in a higher tax bracket than this guy.

[Confederate]

Even in the grotesque UK they don't tax winnings.

Same with Canada. All lottery, raffle, and content winnings are tax-free.

[Romulus]

I found a $10 bill on the ground... am I supposed to 'legally' pay taxes on that?

[itshappening]

Maybe Lebron James can pay his tax bill? that would be a nice gesture..

[tod evans]

I found a $10 bill on the ground... am I supposed to 'legally' pay taxes on that?

Reported:eek:

[oyarde]

I found a $10 bill on the ground... am I supposed to 'legally' pay taxes on that?

Give me $5 , I will advise you :)

[kcchiefs6465]

Is that all? Guy got a pretty good deal, all things considered.

[QuickZ06]

They should give a before and after taxes winnings number, just to show everyone in that stadium what exactly is going on. Along with those statistics on how other countries do not tax winnings.

[Danke]

I found a $10 bill on the ground... am I supposed to 'legally' pay taxes on that?

No.