Sunday, August 12, 2007

Homeland Stupidity...

Not to be confused with the libertarian blog of the same name...

Some recent blog posts have caught my eye...

Apparently, catching a baseball can be counted as taxable income by the IRS. That's right, the college student who caught Barry Bonds's 756th home run is going to get taxed in the highest bracket for the simple fact that he now owns the ball. What's particularly sad about this is that the receiving individual doesn't even get the choice to keep it without getting taxed. If he does so, how could one even place a value on it? You could estimate, but without actually making a sale one has no blinking idea what it actually would be sold at! He is now effectively forced to make a sale just to cover his expense of catching a !@%(#@^ ball.

In other sports news, did you know that money you pay to rent a car is used to finance stadiums? This always blows my mind, how is it that these people can afford to pay baseball players millions of dollars but cannot afford a stadium without taxing people? Does this make any sense to anybody?

Ethanol is such a scam.

Cross-posted at the new Libertarian Longhorns blog.