- Oct 21, 2004
So Matt Murphy has a decision to make. Catching Barry Bond's record breaking 756th home run has put him in a precarious position. If he sells the ball at an estimated $500,000-600,000, based on current value, he'll owe the IRS one third ~$210,000 in taxes. If he elects to keep the ball, he's still liable for taxes based on the estimated value of the ball. What should Murphy do? What would you do? Maybe he'd been better off to have thrown it back.
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