College student makes thousands w/ sign on College Game Day asking for beer money

BleedGopher

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per TheComeback.com:

The “Mom, send beer money” sign and its many variations is a familiar sight to college football fans. However, it was always met with a chuckle before today. The hopeful sign holder’s desperation play, although humorous, never really had a shot at working. Mom and dad are usually not keen on funding their college student’s drunken debauchery.

That all changed on this morning’s College Gameday on ESPN.

Thanks to the wonders of modern technology, one budding entrepreneur saw an opportunity in this sign that his predecessors had overlooked. The plea might be directed at mom and/or dad, but it is the kindness of strangers one should really be aiming for.

Before, the challenge had always been directing those generous strangers to the right wallet. Now, thanks to the Venmo app, which allows users to instantly send money to one another simply by knowing another’s username, it has never been easier to collect money from random strangers all over the country.

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Budding businessman Sam Crowder, AKA “SamC227C,” cashed in big time when his sign asking his mom for beer money made it on ESPN this morning. Crowder wisely included his Venmo username, and soon the donations started pouring in from complete strangers all over the country.

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Venmo does not show the amounts paid to anyone but those involved in the transaction, but it is safe to say Crowder’s personal slush fund has grown substantially since he got out of bed this morning.

Capitalism at its finest, folks.

http://thecomeback.com/ncaa/college...on-college-gameday-asking-for-beer-money.html

Go This Guy!!
 



Brilliant move by him, but it would be nice if he donated a lot of it.

As a 20 something college student, I would not have donated it. Take your friends out for some drinks and have fun with it!
 

Brilliant move by him, but it would be nice if he donated a lot of it.

No chance. And I don't blame him for keeping it either.

In other news his tax return should be fun.
 


No chance. And I don't blame him for keeping it either.

In other news his tax return should be fun.

There's about a 2% chance he reports it.

Although with the publicity this has gotten, I'd be shocked if he wasn't already on some sort of IRS audit list.
 


Turns out I don't think the income is taxable, as I'm assuming all payments were below the taxable IRS threshold of $14,000: http://blog.taxact.com/gift-tax-do-i-have-to-pay-gift-tax-when-someone-gives-me-money/

Not sure if the amount in the aggregate would trigger some sort of tax law though, because I bet he is over $14,000 total.


Sent from my iPhone using Tapatalk

Nope...if you can convince 1,000 to each give you $14,000 (adjusted for inflation annually) you can keep it all free from taxes.

Pretty common for 2 parents to "join" in a gift to children, for example, and gift them a total of $28,000.

Anyone wanna bet the over/under on the number of similar signs this week?
 




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