IRS, Baseball, Jimmy Burns discussed on Effectively Wild: A FanGraphs Baseball Podcast


So record setting baseball is held for more than a year would be taxed at the 28% long-term rate on collectibles, however this is a quote in here that this would not be good publicity for the IRS. No. Why would the commissioner want to give everyone who loves the Yankees a recent to hate the IRS, I mean, I don't know that the approval rating for the IRS is all that high to begin with. It may have bottomed out at this point. It's like, oh, there's really on board with that IRS. Just, you know, love everything they do. Just love being a taxpayer and participating in the taxpaying process. But this air judge ball thing. That really slipped it for me. Yeah. So the last thing that the kind of compromise proposition here is that the IRS would tax the baseball catcher immediately for the retail price of the baseball. So $25, right? Hey, you just got yourself a baseball, $25. Used baseball even. Maybe it depreciated. Yeah, there you go. And then treat the increase in value as unrealized gain. Sure. So that the gain would be taxed when and if the ball is sold, but you wouldn't be hit with some huge tax bill off the bat, literally. Well, sure, because the value that, you know, what you're realizing is hypothetical until you sell it. Yeah, right. That's true. I doubt that if it, let's say they slapped you with a huge tax bill right away, and then you sold it at auction, and just kidding, it's actually worth far more than what they originally assessed you at. It's not like they're going to be like, oh, we're good. That's pretends to not be how the IRS operates. No. Anyway, it seems like no one exactly knows this doesn't come up that often. It hasn't come up in a while, really. And so everyone's just kind of trying to fumble forward and hope that they come up with some sort of solution here. So interesting article seems like something that could be codified, although I guess it's probably not the most certainly the most pressing revision to the tax codes that probably needs to be made. Definitely not. All right. You fumble in football Ben, you don't fumble in. Sorry. I mean, you support sometimes. Mostly associated with football, you know. All right, let's end with the past blast. This is episode 1915. And this past bus is also from 1915 and from Jacob and ranki Sabres director of editorial content and chair of the black Sox scandal research committee. 1915, where ballplayers go to retire is the heading for this one. Professional athletes have always known they have a limited window to earn good money in their careers. Before four-o-one-ks existed and before social security was established, they didn't have many options once they're playing days were over. The sporting news reported on one creative plan for retirement in 1915. Quote, what has become of that plan to establish a home for retired ballplayers to be maintained by contributions from players still able to make good money out of the game. Out in California, Jimmy burns a former player and now a member of the legislature has introduced a measure to pension ball players, but he wants the fans to supply the pensions. The time seems very appropriate to take up the idea of the player's home, supported by funds from out of the player's pockets. It is true that in combating the greed of the mercenary magnates, they have had little time to give thought to organized effort for aid of their fellows needing care, but now that the federal league and the players fraternity have compelled reforms attention can be given to the broader things. And Jacob concludes, while Jimmy burns his idea, didn't go anywhere in 1915, players continued to push for a pension fund. The owner set one up in the 1940s, but it was underfunded after Marvin Miller was hired by the MLB Players Association in 1966, one of his first major accomplishments was negotiating a new pension agreement between the players and owners. Pensions were a huge deal. Work stoppages over pensions. And prior to their being a pension, players would often teams or players they would stage exhibition games and benefits, maybe for older former players who had fallen on hard times, you know, there was less of a social safety net and certainly less of a baseball player safety net. So players today, they probably don't take it for granted. I'm sure they're quite grateful to have that, but also maybe we take it for granted that that just exists when for a long time. It did not, and you kind of had to go hand in hand or pass the hat to try to provide for some players who could not provide for themselves. And so it took a way movement and it took many decades to get that to happen. Yeah. All right. Everyone, please enjoy your division series responsibly. Okay, I figured I'd mention this just because we were talking about the Astros future and their player development acumen after we recorded the Giants hired Astros assistant GM in charge of player development, Pete patella as the Giants new GM, replacing Scott Harris, whom the tigers hired away from San Francisco, so patilla is the new number two in San Francisco under farhan zaidi, just seemed worth noting because I remember when I was working on the Astros player development chapter in the MPP machine a few years ago, it seemed like everyone I talked to saying the praises of Pete patella who was not a well-known name particularly at the time I think he was still the director of player development. I'm not sure if he had been elevated to assistant GM by that point, but he started with the esters in 2011 as an intern and just worked his way up and from everything I heard was pretty instrumental in putting into place there, process everyone seemed to like and respect him, don't know him personally. Can't match for him myself, but I remember hearing at the time people I talked to would say, oh, he's definitely going to be a GM some day and probably not in the two distant future. That has happened now. Also, possibly telling that when James click of the rays took over the asterisk for an office, he kept Pete patilla instead of cleaning house of everyone from the Jeff luno era in patella has been up for GM jabs before, including the giant GM chab for that matter, but the Giants already have a pretty good reputation for player development. They've overhauled how they do that over the past few years, so it seems natural that they would be interested in someone who played an important part in that process for some other success organization. No idea what if anything that might mean for the future of the Astros and their ability to keep developing good players, often when someone puts a good process of place like that, others can come along and pick up right where they left off, but the Giants could use the help coming off of 500 season and with potentially a lot of turnover in store for this winter.

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