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Old 12-14-2014, 09:45 AM
kanuck kanuck is offline
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Join Date: Sep 1999
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Default Wounded Warriors Cobra

I was telling my buddy about this cobra raffle, and being a finance guy he was telling that, if I did win it that they were going to give me a "1099" stating that, I had just received goods also counted as income for 150 thousand dollars, and that I would owe the IRS 28% and 7% state for a total of, 35% of the value which turns out to be over 52 thousand dollars, is this true and is this car really worth 150K, I have not seen to many lately sell for even close to that, don't get me wrong it is an good cause, but that did put a damper on my dreams, of driving of into the sunset in a red cobra.
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Last edited by kanuck; 12-14-2014 at 12:49 PM..
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