Posted on 10/17/2007 1:23:30 PM PDT by rface
I told my wife that this was going to go into the several hundred thousands by the time it was through....
The bidding at EBay has reached $100,000.
No word from the signers of the original letter if any of them plan to contribute....much less match the winning bid as Limbaugh has pledged to do.
Do any of the following signers represent your state???
......Harry Reid ......Hillary Rodham Clinton ......Blanche Lincoln
......Richard Durbin ......Kent Conrad .......Bob Menendez
......Charles Schumer ......Christopher Dodd ......Barbara Mikulski
......Patty Murray ......Byron Dorgan ......Bill Nelson
......Daniel Akaka ......Dianne Feinstein ......Barack Obama
......Max Baucus ......Tom Harkin ......Jack Reed
......Joseph Biden .......Daniel Inouye .......Jay Rockefeller
......Barbara Boxer ......Edward M. Kennedy ......Ken Salazar
......Sherrod Brown ......John Kerry ......Bernie Sanders
......Robert Byrd ......Amy Klobuchar ......Debbie Stabenow
......Benjamin Cardin ......Mary Landrieu .......Jon Tester
......Tom Carper .......Frank Lautenberg ......Jim Webb
......Bob Casey ......Patrick Leahy ......Sheldon Whitehouse
......Carl Levin ......Ron Wyden
So I guess there would have to be a valuation done by a reputable appraiser as to the “fair market value” of the letter and only the amount that exceeds that valuation would be tax deductible. Although I find it hard to see how they could appraise it very easy, as their has to be very few comparables. I think the best analogy is again that of a famous baseball, like Mark McGwire’s 70th homerun baseball that was sold for $3 million clam shells. Granted a league approved baseball isn’t worth more than $3 bucks, however if you were to donate that McGwire baseball to a charity it wouldn’t be valued at $3 bucks. Logically since there are numerous bidders who have bid the price of the letter up to over $130,000, the letter is worth more than the price of 4 pieces of paper and the ink. It would be a huge hassle to try and take a deduction on the bidders side, Rush has it easy, he just donates whatever he gets, and it’s deductible.
US $138,100.00...Rush will phone in to Hannity & Colmes tonight!
$141,100.00 BUMP
US $142,100.00 Bump!
$500,000!!!
$500,000!!!
US $511,100.00 !!!!!!!!!!!!!!!!!!!
You have to keep a sharp eye...US $511,100.00!
Wow!!!!
I guess the big checkbooks are finally out.
It may be “all over”....with one possible exception. I just went through a few pages of DUmmie threads and could find nothing on it. LOL! They are avoiding it like the plague, as they do with anything that makes Dems/Libs look foolish. I watched H&C this evening and was very impressed when Rush said he will match what it goes for. I am betting everyone who signed the letter is really feeling stupid today.
At this time on the last day of bidding, bid now
$2,100,100.00
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