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CC Advertisers
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11-13-2007, 11:58 AM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
Lcs Raffle Car Tickets Are Up!!
The ticket sales for the 2008 raffle car are now available online at http://www.londoncobrashow.com/Defau...arRegistration
There will only be 10,000 tickets sold for the Superformance black beauty with a fire breathing Keith Craft motor perfectly fitted at Dynamic Motorsports just a few weeks ago.
Hear ye, hear ye! We WILL SELL OUT OF RAFFLE TICKETS THIS YEAR So, don't wait, get yours now and help out Cystic Fibrosis.
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11-13-2007, 01:01 PM
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CC Member
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Join Date: Feb 2006
Location: Arlington Hts,
IL
Cobra Make, Engine: SPF, KC 427
Posts: 424
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Not Ranked
The tickets will make a nice Christmas present for me to buy myself. A tax deduction now and if I win it'll be Christmas in June. Don't know what I'll do with two SPF cobras, but it'll be fun trying to figure that out.
__________________
To my Cobra: - - when I'm with you - Oboy!
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11-14-2007, 05:31 AM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
Now that is the Christmas spirit!
As for the tax deduction, check with your accountant. It is my understanding that raffle tickets are not deductable even though we are a 501(c)3 corporation.
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11-14-2007, 05:40 AM
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CC Member
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Join Date: Dec 2001
Location: Louisville,
KY
Cobra Make, Engine: I'm Cobra-less!
Posts: 9,391
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Not Ranked
Rick, what are the engine specs?
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11-14-2007, 05:46 AM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
Quote:
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Originally Posted by blykins
Rick, what are the engine specs?
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Heck I am not sure! But I have asked the question and will let you know! Last time I saw the car the engine bay was empty. |
11-14-2007, 06:17 AM
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CC Member
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Join Date: Feb 2004
Cobra Make, Engine:
Posts: 563
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Not Ranked
.............
Last edited by rob frink; 12-29-2010 at 06:56 AM..
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11-14-2007, 06:22 AM
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CC Member
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Join Date: Dec 2001
Location: Louisville,
KY
Cobra Make, Engine: I'm Cobra-less!
Posts: 9,391
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Not Ranked
Is this one 427ci?
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11-14-2007, 11:47 AM
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CC Member
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Join Date: Oct 2006
Location: McLeansboro,
Il
Cobra Make, Engine: LA Exotic
Posts: 235
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Not Ranked
tax's who pays tax's?
I do know if you win it you owe income tax on it...what ever value is put on it is questionable..but you will owe ordinary income tax..depends on your tax rate how much you owe...nothing is free! I think you can deduct the price of the raffle ticket from the value of the vehicle if that helps you.
A friend of mines wife won a car on a game show....had to sell the car to pay the income tax on it(long time ago and they were a young married couple with a couple of kids). Boy do I remember those days.
You guys just go ahead buy you tickets and let me win it cause I can pay the taxes now. I know it is a dark and lonley job but someone has to do it, mite as well be me.
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11-14-2007, 12:21 PM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
I need to talk to your accountant! Seems to me that previous winners paid taxes on what we had in it but I have no clue! Since a large portion of the car is donated every year, it is a heck of a deal!
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11-14-2007, 12:39 PM
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CC Member
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Join Date: Dec 2001
Location: San Diego,
CA
Cobra Make, Engine:
Posts: 2,977
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Not Ranked
My wife is the office manager for tax office and said the taxes owed should be based on the fair market value of the prize.
__________________
Remember, It's never too early to start beefing up your obituary.
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11-14-2007, 12:46 PM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
If you win, I will give you $20 for the car and then you won't have to pay taxes   |
11-14-2007, 12:49 PM
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Senior Club Cobra Member
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Join Date: Apr 2006
Location: Sparks,
NV
Cobra Make, Engine: None at this time sold the last one
Posts: 191
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Not Ranked
As always I like to participate where I can, I just bought 20 tickets and will be buying more, like I said in the past this is for a great cause regardless of the chances of winning a beautiful car.
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11-14-2007, 12:53 PM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
Way to go! I would say you have a 1 in 500 chance at this point! You should see the list of shows this car is going to... it is very agressive. Some big shows to!
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11-14-2007, 12:59 PM
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CC Member
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Join Date: Feb 2004
Cobra Make, Engine:
Posts: 563
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Not Ranked
.............
Last edited by rob frink; 12-29-2010 at 06:56 AM..
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11-14-2007, 01:02 PM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
25 cents on the dollar? Count me in! |
11-14-2007, 04:00 PM
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CC Member
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Join Date: Mar 2007
Location: Montgomery,
TX
Cobra Make, Engine: FFR 289 USRRC - sold, RCR GT40 - Sold , WC Cobra - Sold, Stallion - Sold, Tiger - sold
Posts: 44
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Not Ranked
I just bought 5 tickets. I will be in Ohio around then anyway...so it will be easy to pick up my Cobra.
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11-15-2007, 06:06 AM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
This years winner was here as well. He just had to figure out how to get two cars home! Even if you are not here, no big deal. We can help find a way.
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11-15-2007, 07:06 AM
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CC Member
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Join Date: Jul 2004
Location: The Mancave,
OH
Cobra Make, Engine: SPF#1981/ 418Stroker
Posts: 519
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Not Ranked
Quote:
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As always I like to participate where I can, I just bought 20 tickets and will be buying more, like I said in the past this is for a great cause regardless of the chances of winning a beautiful car.
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Thank you Mr Thiel! We always appreciate your great support! |
06-10-2008, 05:29 PM
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CC Member
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Join Date: Apr 1999
Location: cleveland,
OH
Cobra Make, Engine: CSX4000, 427
Posts: 1,999
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Not Ranked
I take it that if you buy the tickets on-line, they are automatically entered in the raffle, that is, you don't need to send any paperwork/tickets to be entered in the raffle drawing?
__________________
"After jumping into an early lead, Miles pitted for no reason. He let the entire field go by before re-entering the race. The crowd was jumping up and down as he stunned the Chevrolet drivers by easily passing the entire field to finish second behind MacDonald's other team Cobra. The Corvette people were completely demoralized."
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06-11-2008, 06:15 AM
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Renegade Nuns on Wheels
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Join Date: Aug 2001
Location: columbus,
Oh
Cobra Make, Engine: Unique 427 roadster with 351C-4B
Posts: 5,129
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Not Ranked
Quote:
Originally Posted by Anthony
I take it that if you buy the tickets on-line, they are automatically entered in the raffle, that is, you don't need to send any paperwork/tickets to be entered in the raffle drawing?
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That is correct! All the sales go into our database and tickets are printed for the drawing from that database. Need not be present to win! |
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