Our Motto: Ain’t No Dream We Can’t Ruin!
Like this, for instance:
LOS ANGELES – Brian Emmett’s childhood fantasy came true when he won a free trip to outer space. He was crushed when he had to cancel his reservation because of Uncle Sam.
Emmett won his ticket to the heavens in a 2005 sweepstakes by Oracle Corp., in which he answered a series of online questions on Java computer code. He became an instant celebrity, giving media interviews and appearing on stage at Oracle’s trade show.
For the self-described space buff who has attended space camp and watched shuttle launches from
Kennedy Space Center, it seemed like a chance to become an astronaut on a dime.
Then reality struck. After some number-crunching, Emmett realized he would have to report the $138,000 galactic joy ride as income and owe $25,000 in taxes. Unwilling to sink into debt, the 31-year-old software consultant from the San Francisco Bay area gave up his seat.
The IRS declined to comment, saying it does not talk about individual matters.
Classy, guys, real classy.