Upbeat Cynicism

what do you mean i lost my mind?

Our Motto: Ain’t No Dream We Can’t Ruin!

with 2 comments

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.

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Written by [IMH]

28 January 2007 at 2:32 pm

2 Responses

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  1. There has to be a way to make things happen but I guess no matter what the taxes have to be paid and even if the corporation takes the hit, that would still be income… this just sucks. Maybe they can give the price to Lance Bass.

    logtar

    28 January 2007 at 8:01 pm

  2. There has to be a way to make things happen but I guess no matter what the taxes have to be paid and even if the corporation takes the hit, that would still be income… this just sucks. Maybe they can give the price to Lance Bass.

    logtar

    28 January 2007 at 8:01 pm


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