- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
3
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 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
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News