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re: Would you have risked it?
Posted on 4/23/15 at 8:09 pm to GRTiger
Posted on 4/23/15 at 8:09 pm to GRTiger
quote:
1. Win 160k car in California 2. Pay 20k in taxes 3. Sell it for 100k 4. Pay 40k in state taxes and 20k in fed taxes 5. ????? 6. (Barely) Profit
More like win 160k car plus 10k. Pay around 50k in taxes. Sell the 160k car for 150k if the buyer pays taxes and you walk with 100k.
1
Posted on 4/23/15 at 8:14 pm to lsu480
quote:
More like win 160k car plus 10k. Pay around 50k in taxes. Sell the 160k car for 150k if the buyer pays taxes and you walk with 100k.
Shut up, Meg.
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