TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

Thursday, June 2, 2005

More on Tax Consequences of Buying and Selling Uniform Numbers

Redsoxlogo_1A few weeks ago, we blogged the Tax Consequences of Buying and Selling Uniform Numbers (5/13), triggered by the New York Times front page story, What Is a Number Worth? Some Athletes Pay the Price.  (In a quirk, the Wall Street Journal that day also ran a front page story on uniform numbers, One Through Nine Are Loneliest Numbers For Pitchers in Majors.)  It appears that David Wells and Edgar Renteria of my beloved Red Sox are readers of this blog:  after getting off to a dreadful start, Renteria this week paid Wells for the right to wear the unform number 3 he has worn throughout his career.  How much did he pay?  Wells is not saying:  "If I tell you, the IRS will be in here."  (See press reports here; for prior posts chronicling my Red Sox obsession, see here.)

http://taxprof.typepad.com/taxprof_blog/2005/06/more_on_tax_con.html

News | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef00d8354754e269e2

Listed below are links to weblogs that reference More on Tax Consequences of Buying and Selling Uniform Numbers: