FedEx Captain wins new Cirrus
02-08-2010, 07:53 AM
#11
Gets Weekends Off
Joined APC: Nov 2005
Position: 777 FO
Posts: 931
Originally Posted by Jetjok
You two are really something. Life must really suck to be you.
Conversely, congratulations to Michael Graves. Enjoy your new toy.
JJ
Conversely, congratulations to Michael Graves. Enjoy your new toy.
JJ
Congradulations!!
02-08-2010, 08:26 AM
#14
Gets Weekends Off
Joined APC: Jan 2010
Posts: 327
Originally Posted by AirbusA320
What's the IRS tax bill going to be on it?
Sound about right to anyone?
02-08-2010, 08:39 AM
#15
Gets Weekends Off
Joined APC: Jan 2010
Posts: 327
After some quick research...
"High-value prizes are a real charge to win, but remember that you're going to be paying sweepstakes taxes on your prizes - and sometimes, it's just not worth it. Remember that the rule of thumb is that you'll be paying about 1/3 of the prize value in taxes (your individual tax situation will determine the exact amount. Speak with a tax consultant for a more exact number). So if you win, say, a $90,000 vacation, you can expect to pay somewhere around $30,000 in taxes next year."
http://contests.about.com/od/sweepst...weepstakes.htm
Anyway... still heck of a deal to get a half-million dollar airplane for a third the price.
"High-value prizes are a real charge to win, but remember that you're going to be paying sweepstakes taxes on your prizes - and sometimes, it's just not worth it. Remember that the rule of thumb is that you'll be paying about 1/3 of the prize value in taxes (your individual tax situation will determine the exact amount. Speak with a tax consultant for a more exact number). So if you win, say, a $90,000 vacation, you can expect to pay somewhere around $30,000 in taxes next year."
http://contests.about.com/od/sweepst...weepstakes.htm
Anyway... still heck of a deal to get a half-million dollar airplane for a third the price.
02-08-2010, 08:58 AM
#16
Gets Weekends Off
Joined APC: Sep 2006
Position: Retired
Posts: 3,717
Burgenflyer,
If your comment was not meant in an off-handed way, I apologize. I took both Deuce130's comment about Bill Gates winning the power ball lottery, and your immediate reply (to his comment) as comments made in very poor taste. Again, if it wasn't meant that way, or I misinterpreted it, I'm sorry. Same applies to you Deuce. I would have thought just a nice "Congratulations Mike" would have done it.
JJ
If your comment was not meant in an off-handed way, I apologize. I took both Deuce130's comment about Bill Gates winning the power ball lottery, and your immediate reply (to his comment) as comments made in very poor taste. Again, if it wasn't meant that way, or I misinterpreted it, I'm sorry. Same applies to you Deuce. I would have thought just a nice "Congratulations Mike" would have done it.
JJ
02-08-2010, 09:04 AM
#17
Gets Weekends Off
Joined APC: Aug 2006
Position: Triple Capt
Posts: 608
Originally Posted by AKASHA
After some quick research...
"High-value prizes are a real charge to win, but remember that you're going to be paying sweepstakes taxes on your prizes - and sometimes, it's just not worth it. Remember that the rule of thumb is that you'll be paying about 1/3 of the prize value in taxes (your individual tax situation will determine the exact amount. Speak with a tax consultant for a more exact number). So if you win, say, a $90,000 vacation, you can expect to pay somewhere around $30,000 in taxes next year."
5 Reasons Not to Enter Sweepstakes - Think Twice Before Entering Blindly
Anyway... still heck of a deal to get a half-million dollar airplane for a third the price.
"High-value prizes are a real charge to win, but remember that you're going to be paying sweepstakes taxes on your prizes - and sometimes, it's just not worth it. Remember that the rule of thumb is that you'll be paying about 1/3 of the prize value in taxes (your individual tax situation will determine the exact amount. Speak with a tax consultant for a more exact number). So if you win, say, a $90,000 vacation, you can expect to pay somewhere around $30,000 in taxes next year."
5 Reasons Not to Enter Sweepstakes - Think Twice Before Entering Blindly
Anyway... still heck of a deal to get a half-million dollar airplane for a third the price.
At least it sounds like our fellow Capt will take the airplane and enjoy it. Good for him!
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