RSS Feed
TwitterUncle Sam spoils dream trip to space, 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 Uncle Sam. .. 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. ... That spaceflight will be provided by Space Adventures Ltd., the same company that brokers deals for trips on Russian rockets to the orbiting international space station for a reported $20 million per customer."
