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RandallNeighbour · 12-08-2005, 06:55 AM

http://www.ashevillesymphony.org/raffle.html

My wife thinks this is a ridiculous way to waste $125, but I'm seriously thinking of doing it. It's the only raffle I've seen that pays the taxes on the car you win. I do understand that you have to pay taxes on the tax money you've been given, so it ain't gonna be free for the winner, but it sure will be less than the cost of the car, that's for sure.

Can anyone tell me what the true tax implications are if I were to win this car?

And how much would you all hate me if I won it?

12-08-2005, 06:55 AM	#1
RandallNeighbour Registered User Join Date: Jul 2004 Location: Houston, Texas Posts: 7,243	Boxster Raffle http://www.ashevillesymphony.org/raffle.html My wife thinks this is a ridiculous way to waste $125, but I'm seriously thinking of doing it. It's the only raffle I've seen that pays the taxes on the car you win. I do understand that you have to pay taxes on the tax money you've been given, so it ain't gonna be free for the winner, but it sure will be less than the cost of the car, that's for sure. Can anyone tell me what the true tax implications are if I were to win this car? And how much would you all hate me if I won it?