Matthew T. Phillips

Foul ball

A few interesting things about this story from the Houston Chronicle: first all tax lawyers tell corny jokes (“…you have to pay in dough,” yuk, yuk, yuk); second, the reporter (and the taxpayer) seem confused about the difference between the income ($927) and the amount owed in tax (closer to $250, probably); and, finally, there is good anecdotal evidence that the IRS would have caved if the winner had said the subjective value of the coupons to him was lower than their face value.