IRS Spoils Dream Trip To Space
LOS ANGELES, California (AP) -- Brian Emmett's childhood fantasy came true when he won a free trip to outer space.
But the 31-year-old was crushed when he had to cancel his reservation because of the IRS.
Emmett won his ticket to the stars 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 hit. 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 software consultant from the San Francisco Bay area gave up his seat.
Read article here.
Read Brian Emmett's blog here.
But the 31-year-old was crushed when he had to cancel his reservation because of the IRS.
Emmett won his ticket to the stars 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 hit. 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 software consultant from the San Francisco Bay area gave up his seat.
Read article here.
Read Brian Emmett's blog here.
posted by The Freedom Fellowship at
2:52 PM
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