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Started By
Message
Anyone want to buy a new 21' Contender for $25?
Posted on 1/3/13 at 9:48 am
Posted on 1/3/13 at 9:48 am
Saw an ad for this on LA Sportsman and thought some of you OB ballers would throw in for a good cause.
"A Child's Wish" Charity Raffle
Not too shabby with 4000/1 odds.
Oh yeah, if I win that boat, I'll sponsor a Tigerdroppings' OB fishing trip.
"A Child's Wish" Charity Raffle
Not too shabby with 4000/1 odds.
Oh yeah, if I win that boat, I'll sponsor a Tigerdroppings' OB fishing trip.
This post was edited on 1/3/13 at 5:06 pm
5
Posted on 1/3/13 at 10:25 am to stewie
Thanks for posting that! I'm in for a chance.
an emotional escape from the reality of their everyday fight.
I know this feeling, facing it everyday myself. Just small getaways take a ton off my mine.
an emotional escape from the reality of their everyday fight.
I know this feeling, facing it everyday myself. Just small getaways take a ton off my mine.
Posted on 1/3/13 at 10:31 am to stewie
Bought one. 
Posted on 1/3/13 at 10:34 am to stewie
Thanks for posting........grabbed two entries. When is the drawing?
Posted on 1/3/13 at 10:49 am to TJG210
quote:
When is the drawing?
It's March 10th, the last day of the New Orleans Boat Show down in the Superdome.
*Ticket buyer doesn't have to be there to collect their prize*
Posted on 1/3/13 at 10:50 am to stewie
Great thread
Bought 2 tix
Bought 2 tix
This post was edited on 1/3/13 at 10:51 am
Posted on 1/3/13 at 11:04 am to DirtyMikeandtheBoys
Seems like the OB is buying up all the tickets
Posted on 1/3/13 at 11:25 am to Bush Hog
I bought one. After check out it also said something about other prizes like a yeti, fishing gear...
guess I'll have to buy a yeti sticker...
guess I'll have to buy a yeti sticker...
Posted on 1/3/13 at 11:40 am to Coon
I bought tickets about two weeks ago and was hoping that no one else would notice the raffle.
Seriously, though, the winner will still have to shell out about $20k in taxes and fees to keep the boat. Perhaps no one else should buy a ticket. Just donate cash to the foundation.
Seriously, though, the winner will still have to shell out about $20k in taxes and fees to keep the boat. Perhaps no one else should buy a ticket. Just donate cash to the foundation.
Posted on 1/3/13 at 11:46 am to TBoy
quote:
I bought tickets about two weeks ago and was hoping that no one else would notice the raffle.
quote:
the winner will still have to shell out about $20k in taxes and fees to keep the boat
Posted on 1/3/13 at 11:53 am to TJG210
quote:
quote: the winner will still have to shell out about $20k in taxes and fees to keep the boat
That seems a bit steep, I think they valued the package at apox. $65,000.
My advice, hire (if you don't already have one) a good CPA.
Posted on 1/3/13 at 11:56 am to stewie
quote:
Not too shabby with 4000/1 odds.
just got one
Posted on 1/3/13 at 12:33 pm to stewie
quote:
That seems a bit steep, I think they valued the package at apox. $65,000.
You have to pay sales tax and registration fees at the declared value of the boat. You also have to pay income tax on the winnings at a rate of 25% of declared value. The income tax alone is more than $16k. There is some offset on the income tax for sales tax but I'm not sure how that works out. By my estimate you will have to pay about 30% of the value of the boat for sales and income tax, title and registration.
I still bought 2 tickets.
This post was edited on 1/3/13 at 12:35 pm
Posted on 1/3/13 at 12:35 pm to TBoy
Win boat, pay taxes, sell boat, but boat I want with profits.
Posted on 1/3/13 at 3:24 pm to TBoy
20K for a brand new Contender is still pretty sweet.
Would want to keep it, but I'm not sure what the wife would say.
Hopefully, I'll get to cross that road later
Would want to keep it, but I'm not sure what the wife would say.
Hopefully, I'll get to cross that road later
Posted on 1/3/13 at 3:30 pm to stewie
Just bought a ticket. It's going to a good cause even if I don't win. Thanks for the link
Posted on 1/3/13 at 3:36 pm to stewie
You do have to pay sales tax on it, which is nearly $6,000. However, if you win and say the total 1099-Misc they send you is $65,000 and you sell the boat for lets say $50,000, this becomes your Cost of Goods and you'll only have to pay income taxes on the $15,000 difference. So depending on your marginal rate..the tax damage could be minimal.
Posted on 1/3/13 at 4:29 pm to LSUchuck
Well, that's a game changing bit of info
Posted on 1/3/13 at 5:23 pm to stewie
quote:
Just bought a ticket. It's going to a good cause even if I don't win. Thanks for the link
+1
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