Getbig.com: American Bodybuilding, Fitness and Figure

Getbig Main Boards => General Topics => Topic started by: Tre on January 29, 2007, 09:42:32 AM

Title: Would you report the 'income'?
Post by: Tre on January 29, 2007, 09:42:32 AM

Or tell the IRS to f*ck off?

http://www.cbsnews.com/stories/2007/01/29/tech/main2407601.shtml

Title: Re: Would you report the 'income'?
Post by: 240 is Back on January 29, 2007, 09:48:35 AM

Oracle should do the right thing and pay it.

Title: Re: Would you report the 'income'?
Post by: Tre on January 29, 2007, 09:50:42 AM

Quote from: 240 is Back on January 29, 2007, 09:48:35 AM

Oracle should do the right thing and pay it.

Perhaps, but according to the 'tax experts', the IRS would lay claim to a lump of those earnings as well.  Damn them!

Title: Re: Would you report the 'income'?
Post by: Dan-O on January 29, 2007, 10:15:17 AM

Geeze...  qualifying a space flight as "income" seems a bit far-fetched.  It would seem that Oracle could legally redefine the prize somehow so it wouldn't be taxable, but what do I know.

Title: Re: Would you report the 'income'?
Post by: 24KT on January 29, 2007, 10:37:19 PM

Quote from: 240 is Back on January 29, 2007, 09:48:35 AM

Oracle should do the right thing and pay it.

I agree. It's certainly a drop in the bucket for them, ...and far less than the value of the publicity they got from this.