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Posted on 2/15/16 at 3:00 pm to anc
The flaw in assessing tax based on the MSRP is that the MSRP is not the FMV of the vehicle. The FMV of the vehicle should be the price that the manufacturer sells it to a dealer willing to purchase the vehicle, an arms length transaction between a willing buyer and seller. The IRS, and the states, perpetrate a fraud when they knowingly insist the FMVs of prize vehicles are the MSRPs used as starting points for negotiating an actual sales price.
I don't understand why some prize winners haven't sued the promoters of contests for fraud. They knowingly overstate the value of the prize causing economic damage to the contest winners.
I don't understand why some prize winners haven't sued the promoters of contests for fraud. They knowingly overstate the value of the prize causing economic damage to the contest winners.
Posted on 2/15/16 at 3:04 pm to anc
Man, the posterior on that blonde model is INSANE!
Posted on 2/15/16 at 3:10 pm to anc
She's a woman, she'll probably wreck it 2 weeks after getting it
Posted on 2/15/16 at 3:14 pm to SlowFlowPro
quote:
she won't have title of the car to get that loan
No one has a title when they get a loan. You sign a power of attorney allowing the bank or whoemver to do the title work for you. Navy Fed, my bank, loaned a buddy of mine stationed at P'cola money on a new Vette he won in a tournament hole in one contest that was this exact same situation.
Posted on 2/15/16 at 3:39 pm to anc
The bitch who won it is actually pretty hot. I would definitely hit that. On top of her new Aston Martin too.
This post was edited on 2/15/16 at 3:46 pm
Posted on 2/15/16 at 3:46 pm to Cosmo
quote:
iwhi
Posted on 2/15/16 at 3:49 pm to John88
SVP & Elvis Costello had a baby and the little peckerhead is hosting TPIR?
Posted on 2/15/16 at 4:28 pm to soccerfüt
quote:
SVP & Elvis Costello had a baby and the little peckerhead is hosting TPIR?
thats the biggest rip off of all. i think drew carry makes like 10mm a year hosting TPIR
Posted on 2/15/16 at 4:32 pm to Happygilmore
quote:
10mm a year
Well, he does work 5 hours per day.
Posted on 2/15/16 at 4:36 pm to Horsemeat
Rachel reynolds
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Posted on 2/15/16 at 4:37 pm to anc
I wonder how many weddings per month she'd have to work just to pay for the insurance?
Posted on 2/15/16 at 4:44 pm to cas4t
I bet she could get Bob Barker to pay the bill if she bent it over for him. There's plenty of rich old bastards in Cali. Boyfriend will just have to deal with it.
Posted on 2/15/16 at 4:49 pm to anc
Damn price is right is stepping up their game. Last I saw they were giving away a ford escape
Posted on 2/15/16 at 4:56 pm to anc
This is very interesting to me. My wife and I had a discussion about this just last week regarding the raffle of a $60,000 car.
I'm no accountant, but the conclusion I came to was that for someone to come out on top winning it assuming they are not in a financial position to go out of pocket on the taxes, they would at least have to have a current vehicle that they could liquidate to pay at least half of the taxes and then secure a loan for the rest. In that scenario, let's say you have a vehicle that you have payed off or payed down that can be readily liquidated to pay $10,000 on the tax bill. Now, all you have to do is secure a loan for $10-$12,000 or so and that's you're price for a $60,000 vehicle.
Am I about right?
I'm no accountant, but the conclusion I came to was that for someone to come out on top winning it assuming they are not in a financial position to go out of pocket on the taxes, they would at least have to have a current vehicle that they could liquidate to pay at least half of the taxes and then secure a loan for the rest. In that scenario, let's say you have a vehicle that you have payed off or payed down that can be readily liquidated to pay $10,000 on the tax bill. Now, all you have to do is secure a loan for $10-$12,000 or so and that's you're price for a $60,000 vehicle.
Am I about right?
This post was edited on 2/15/16 at 5:00 pm
Posted on 2/15/16 at 5:05 pm to anc
Friend of mine won a truck in some radio station contest. He had to drive it for a year with all the trashy advertising on it before he could get it repainted 
Posted on 2/15/16 at 5:07 pm to Scoop
Just use the new vehicle for collateral on a regular auto loan.
The only problem is that if they are financially destitute they may not be able to pay any note.
In that case, yes, they would just sell the car at a discount to pay the taxes.
The only problem is that if they are financially destitute they may not be able to pay any note.
In that case, yes, they would just sell the car at a discount to pay the taxes.
Posted on 2/15/16 at 5:12 pm to anc
Gd she sounds sho hot and she looks it
Posted on 2/15/16 at 5:20 pm to DoUrden
A LOUISIANA CHICK?
Posted on 2/19/16 at 10:26 am to Horsemeat
Some dude just won a $140k merc.
And he won the wheel so he's going to the showcase.
And he won the wheel so he's going to the showcase.
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