Daily Investment Tips

Christian Lopez, the baseball fan who caught Derek Jeter 3000th hit could end up paying the IRS $13,000 in taxes. The reason is Christian Lopez handed the ball back to Yankees and Yankees rewarded him with goodies.

Christian Lopez Taxation

Christian Lopez was rewarded by the Yankees with luxury box tickets for the rest of the season (including postseason), along with signed baseballs, bats and jerseys from Jeter. In addition, Lopez received four premium front-row seats to last Sunday’s Yankees-Rays game. With those generous gifts comes tax liability.

The IRS will likely consider Lopez’s gratuities from the Yankees as income, and if so, he could end up having to pay anywhere from $5,000 to $13,000 in taxes, according to the New York Daily News.

 

written by Constantine Njeru \\ tags: Baseball Fan, Baseballs, Bats, Derek Jeter, Front Row Seats, Game, Generous Gifts, Goodies, Gratuities, Irs Taxes, Jerseys, Last Sunday, Nbsp, New York Daily News, Paying Taxes, Tax Irs, Tax Liability, Taxation, Yankees, York Daily News

When choosing a state to settle in you may consider the level of taxation in that state. Some states levy high income taxes while other level low income tax while some unique states have zero income tax.

The seven states in USA with Zero Income tax are

1. Texas

2. Florida

3. Alaska

4. Nevada

5. South Dakota

6. Washington

7. Wyoming

written by Constantine Njeru \\ tags: Alaska, Income Tax, Income Taxes, Levy, South Dakota, States In Usa, Taxation, Wyoming