Rather than leave a 56-year-old uniform hanging in a closet at his Idaho home, Don Larsen decided it should be used for education. He's auctioning off the Yankee pinstripes he wore in 1956 when he pitched the only perfect game in World Series history, and will use the proceeds to pay college tuition for his grandchildren, one in college and the other a high school freshman."I'm not getting any younger and I want to see them get an education before I leave," the 83-year-old Larsen said. "They'll be appreciative later, more so than now, I'm sure."Similarly, Bob Knight is selling his NCAA championship rings and other mementos to fund education in his family.In fact, a slew of sports memorabilia is on the market, coincidentally or not, just ahead of possible tax increases that could eat up some of the proceeds. Starting Jan. 1, there will be a new Medicare tax on income from investments for higher-earning people. The IRS hasn't issued rules yet, so money from the sale of collectibles may be subject to the new levy.Read the text and answer the questions.The author mentions the new levy in order to ____________.explain why many sports memorabilia are on the marketdiscuss details of a new Medicare taxdiscuss when the IRS will clarify rules surrounding the new levyexplain who will not be affected by the new lawI don't know
Question
Rather than leave a 56-year-old uniform hanging in a closet at his Idaho home, Don Larsen decided it should be used for education. He's auctioning off the Yankee pinstripes he wore in 1956 when he pitched the only perfect game in World Series history, and will use the proceeds to pay college tuition for his grandchildren, one in college and the other a high school freshman."I'm not getting any younger and I want to see them get an education before I leave," the 83-year-old Larsen said. "They'll be appreciative later, more so than now, I'm sure."Similarly, Bob Knight is selling his NCAA championship rings and other mementos to fund education in his family.In fact, a slew of sports memorabilia is on the market, coincidentally or not, just ahead of possible tax increases that could eat up some of the proceeds. Starting Jan. 1, there will be a new Medicare tax on income from investments for higher-earning people. The IRS hasn't issued rules yet, so money from the sale of collectibles may be subject to the new levy.Read the text and answer the questions.The author mentions the new levy in order to ____________.explain why many sports memorabilia are on the marketdiscuss details of a new Medicare taxdiscuss when the IRS will clarify rules surrounding the new levyexplain who will not be affected by the new lawI don't know
Solution
The author mentions the new levy in order to explain why many sports memorabilia are on the market.
Similar Questions
What can be inferred from paragraph 4?After the IRS issued the new rule, fewer sports memorabilia came out to the market.The proceeds should remain intact despite the possible tax increase.Don Larsen may need to pay more tax for the sale of sports memorabilia.Don Larsen is assumed to sell his uniform to pay less tax.I don't know
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Baseball became America’s national sport over 150 years ago, but for over 100 years baseball had beena segregated sport. The refusal to allow black players to play in Major League Baseball continued fromthe mid 1800’s until 1947. Allowing the first black player to playwas known as “breaking the color barrier” and it took a very specialindividual to make it happen. His jersey number was 42. His namewas Jackie Robinson.Segregation was part of the Jim Crow Laws in the Southern States,but even in the North the owners of baseball teams refused to letblack and white players play on the same team. Baseball waspopular with everyone and so Negro Leagues were created andwere successful in catering for their own segregated community.After WW2 one baseball executive, Branch Ricky, the whitepresident of the Brooklyn Dodgers decided that segregation had toend. He knew that there were black players of extremely highquality and that allowing his team to be mixed would help his teamwin. Branch Ricky faced opposition from all around Major LeagueBaseball but pushed on. He had decided on a young talented playernamed Jackie Robinson to be the first to break into this all-white league in 1947.The opposition faced by Branch Ricky wasminimal compared to the abuse faced byRobinson, both on and off the field.Robinson received hundreds of deaththreats, both via mail and in person. Some ofhis Dodgers team mates signed a petition totry to get him kicked off the team. Playersand managers from other clubs hurled abuseat him while he was trying to bat. He wasrefused entry into hotels and restaurantsthat his team was booked into when he travelled.Robinson not only had to put up with the abuse on a personal level, he also had to perform at thehighest level of baseball to prove he was worthy of all the controversy. Robinson succeeded beyond allexpectations. He was named Rookie of the year and was in the running for MVP (Most Valuable Player)in all of baseball in his first year.After Robinson’s controversial beginning, baseballbegan to completely desegregate. His contribution toBaseball and to race relations in America is stillremembered. No longer in baseball is anyoneallowed to wear Jackie’s number 42, it has beenretired, except for one day every year when ALLplayers wear it, April 15, Jackie Robinson Day, theanniversary of his first appearance.20 Jackie RobinsonChanging Rights and Freedoms MacaulayUnderstanding1. Define the words in bold.2. When did baseball become a nationalsport in America?3. For how long was baseball segregated?4. What was letting the first black playerplay known as?5. Who refused to let black players play?6. Which baseball president wanted todesegregate his team?7. Why did he do it?8. What opposition did Jackie Robinsonface?9. How successful was Robinson in his firstyear?10. What is Jackie Robinson’s legacy?
n what year did the American League start using the designated hitter?
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