popularwoodworking.secondstreetapp.com/og/2fc15e16-ae6c-42ad-ada8-ed541f35ccbf/referrals/11cc26aa-d976-47b5-965c-ce2f6b1f76f5
You can add 11,000 dollars to your income and pay more taxes.I would enter, but if I won I wouldn t know what to do with all of those power tools … LOL!
- Ron Aylor
I would enter, but if I won I wouldn t know what to do with all of those power tools … LOL!
- Ron Aylor
Then it's a good thing I didn't enter … LOL!You can add 11,000 dollars to your income and pay more taxes.
The downside of winning a high-priced item, like a car, is that you may have to sell it to pay the taxes or dip into savings intended for other purposes. You will have to pay tax on the fair market value of the item, so if you won a $50,000 car, you ll owe taxes on that amount. The company providing the winning item should send you a Form 1099 with its fair market value. Again, the prize may move you into a higher tax bracket, so make the same computations as if it were cash. For example, if you are in the 28 percent tax bracket with the car included, a bracket that currently ranges from $91,900 to $191,650, you'd pay $18,713.75 plus 28 percent of the excess over $91,900 for tax year 2017.
- AlaskaGuy
+ 1 for a flat tax on all 10% boom done….Bottom line is that if you are paying taxes your must be making good money so do your part to support the government because half the population pay no income tax at all and the top 20% pay 80% of the taxes.
Personally I think almost everyone should pay something even it it is just a token amount.
- LesB
Ditto. wish it was that easy though.Bottom line is that if you are paying taxes your must be making good money so do your part to support the government because half the population pay no income tax at all and the top 20% pay 80% of the taxes.
Personally I think almost everyone should pay something even it it is just a token amount.
- LesB
+ 1 for a flat tax on all 10% boom done….
- doubleG469
yep, be careful what you wish for, you might just get it.wow, I didn t know any of that, apparently, I should read the fine print a little more. Thanks for all the info though, its good to know!
- artislee
OK, I don't see any Festools or Felder's or any Euro equipment anyway. No 24'' wide jointers either.Don t bother with this "Sweepstakes", fellas. I just entered and I will win it. You ll just be wasting your time.
- Ripper70