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Message
1
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.
Posted on 4/23/15 at 8:11 pm to stout
quote:
Yea I would work something like that out for sure but just saying not everyone would or could.
I am sure either the show would help her out or dozens of car dealers would approach her. I agree with you people may not want a $30,000 vacation or something but this is a supercar that can EASILY be sold. To dealers with high end clientele it's essentially the same as cash.
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.
Posted on 4/23/15 at 8:14 pm to saintsfan22
quote:
Should David Dellucci feel weird for having actually made it to the show but ending up with Josh Booty's leftovers(the model is his wife, Booty's ex-wife)?
That's the weirdest analogy I've ever heard. Also: Josh Booty has had my sloppy seconds. She went on to marry an actual billionaire.
This post was edited on 4/23/15 at 8:16 pm
Posted on 4/23/15 at 8:17 pm to GRTiger
You have no clue about how taxes work, obviously. Her total taxes she would have to be at the time would only be like 15k and she was given 10k cash. I am pretty sure she could find another 5k in order to get the car.
Posted on 4/23/15 at 8:21 pm to lsu480
I was making a joke about California taxes, you silly mother fricker. Jesus
Posted on 4/23/15 at 8:22 pm to GRTiger
Oh, well it wasn't that funny. If you make under around 250k it's still under 10%
Posted on 4/23/15 at 8:31 pm to anc
Y'all do realize in order to pay $157000 for a car, you have to earn about $200000 pre taxes just to pay for it.
She's only got to pay "income" tax of 157000 to take it home. Basically getting a car for about $80000 that you and me would have to earn 200000 for.
Super deal for her.
She's only got to pay "income" tax of 157000 to take it home. Basically getting a car for about $80000 that you and me would have to earn 200000 for.
Super deal for her.
Posted on 4/23/15 at 8:38 pm to East Coast Band
She won the car, of course she is getting a better deal on it than the average person would!
ETA: Also, you would have to earn a lot more than that in Cali to buy that car when you factor in state and federal
ETA: Also, you would have to earn a lot more than that in Cali to buy that car when you factor in state and federal
This post was edited on 4/23/15 at 8:40 pm
Posted on 4/23/15 at 8:40 pm to lsu480
Or you could finance the car for enough money to pay the taxes.
Posted on 4/23/15 at 8:43 pm to 007mag
quote:
Or you could finance the car for enough money to pay the taxes.
Do you REALLY think that lady would qualify for that amount of financing?
Posted on 4/23/15 at 8:47 pm to lsu480
quote:
Do you REALLY think that lady would qualify for that amount of financing?
Finance $15k with $150k collateral? I'd offer it to her.
Posted on 4/23/15 at 8:48 pm to loopback
quote:
Apparently you HAVE to pay taxes on your winnings before they can leave the state of California.
Thats easy. I would have called my bank and taken out a car loan for the value of the taxes then sold the car when I got home and paid the loan off and kept the profit.
Posted on 4/23/15 at 8:49 pm to lsu480
With a brand new car for collateral and only financing enough for the taxes, yeah.
Posted on 4/23/15 at 8:50 pm to anc
What's to stop her buddies in the stands from looking up the price?
Posted on 4/23/15 at 9:38 pm to anc
Like any of you frickers 1. Would keep a &150k car. 2. Could've picked the right price.
Posted on 4/23/15 at 10:29 pm to Tigah in the ATL
Found a follow up story on her.
LINK
She's a nurse and the tax bill was $61k. California taxes were $12k, which is what she had to pay to take delivery. A little better than I imagined. She certainly could have ended up with $100k if she hired a good CPA.
LINK
She's a nurse and the tax bill was $61k. California taxes were $12k, which is what she had to pay to take delivery. A little better than I imagined. She certainly could have ended up with $100k if she hired a good CPA.
Posted on 4/23/15 at 10:38 pm to anc
There is a better chance that Drew Carrey had a threesome with her and the girl turning the cards around than the lady that won the car had the money to pay the taxes.
Posted on 4/23/15 at 10:44 pm to anc
That was awesome
Good for her
Good for her
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