Jeter's defensive skills might be down this year, but his revenue enhancing VORP has never been higher. At least somebody's doing his job to raise federal government revenue and bring down the deficit.
For Christian Lopez, the 23-year-old fan who came up with Jeter's 3,000th hit at Yankee Stadium on Saturday, the ramifications of his gift from above are as American as baseball, hot dogs and taxes.
"There's different ways the I.R.S. could try to characterize a ball caught by a fan in the stands," said Andrew D. Appleby, a tax associate at the Sutherland Asbill & Brennan law firm in New York who has written about the tax implications of souvenir baseballs. "But when the Yankees give him all those things, it's much more clear-cut that he owes taxes on what they give him."
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