
The Fan Who Caught Shohei Ohtani’s 50-50 Home Run Ball May Be Unable To Dodge A Significant Income-Tax Bill
The IRS is likely to treat the ball as a 'collectible,' meaning that it will be taxed at a flat 28% rate.
The IRS is likely to treat the ball as a 'collectible,' meaning that it will be taxed at a flat 28% rate.
The story has a lot of twists and turns.
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it seems wrong to make Ohtani the poster boy for tax reform.
This lawyer has a soft spot for meet cute stories.
This landmark partnership in baseball and sports is exciting though not entirely surprising.
Fans of the NY Mets have a certain fortitude about them.
* A family is suing an auction house for purportedly losing a rare photograph of Babe Ruth. Could be the plot of a sequel to Sandlot... [Democrat & Chronicle] * The Pennsylvania Supreme Court has overturned Bill Cosby's conviction for sexual misconduct. [Business Insider] * An Ohio lawyer has been suspended from practice after his paralegal embezzled $200,000 under the lawyer's watch. [Enquirer] * A Texas lawyer, who allegedly bribed a judge, has resigned from practice. [Texas Lawyer] * James Franco is paying $2.2 million to settle a sexual misconduct lawsuit. [Fox News] * Gavin Newsom is filing a lawsuit to be designated as a Democrat in an upcoming recall election after his team inadvertently left his party preference blank on election paperwork. Oops... [CNN]
It's marginally less humiliating than getting struck out for nine consecutive innings.
* A lawsuit alleges that the wife of an MLB star had an affair with a former pastor. Guess that pastor allegedly made it to home base... [Fox News] * A lawyer at Dechert has been sanctioned $10,000 for conduct during closing arguments of litigation involving purportedly defective earplugs. [Reuters] * A defendant accused of stabbing a California attorney to death is due in court. [ABC News] * A class action has been filed over a massive chemical fire that occurred at a Chemtool plant earlier this month. [Chicago Tribune] * Harvard successfully dismissed a lawsuit alleging that students should receive tuition discounts due to COVID-19. Guess a Harvard education doesn't just cost a Zoom subscription and $1.50 in late fees at the public library. [Forbes]
Holy train wreck, Batman!
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You know, for the free market!
The defendants will undoubtedly assert that they are private entities that can do as they wish, including moving an All-Star Game.
* A lawsuit alleges Florida police used excessive force after mistaking Star Trek memorabilia for weapons. They should have set their phasers to stun... [Hill] * The Trump Organization has hired a criminal defense lawyer. [Wall Street Journal] * A public defender is suing her boss for allegedly being told to dress more modestly to avoid the sexual interest of male prisoners. [Daily Mail] * Three Michigan lawyers have been charged in a scheme to collect debts on money that was allegedly never owed. [Fox News] * Check out this article on how Originalism is being used by state court judges. [Juris Lab] * A man's death after participating in a taco-eating contest has spawned a lawsuit against a minor-league baseball team. [Washington Post] * The Biden Administration is asking a judge to dismiss a climate change lawsuit filed on behalf of kids. Hope they can handle the heat... [Hill]
Wait, did you see that?