Topic: Woman in my neighborhood won a 67 L89
in Forum: All Vettes Discussion

Link to pics...
https://www.ronald-mcdonaldhouse.com/events/car2005/car05.ph p#

A guy right here in my town won a new C6 Vert earlier this year. Red with black interior. Great looking car too.





Honestly I do not know if the lucky winner was lucky of not...
Seems I have never heard of a Happy winner 6-7 months AFTER they
won the car and had to deal with the IRS ..
Knew the guy who won the give a way car at Carlisle about 4-5 years ago... turned out to be a very expensive "win"... one that in the end was ok because he only had to pay 3/4 of what the car was worth in taxes
but the hassle with the IRS (State & Federal) was the killer...
But then again getting a 25 PERCENT DISCOUNT off a Mid Year would be nice...but it is not like it was free for sure
Bob G.
Bob
64,72 & 98 Corvette Ragtops
76 & 79 & qa 88 ANC Corvette Coupes
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Wow my favorite kind of Corvette, a $50 Corvette That car is beautiful, even know I'm not fond of the Red line wheels and Red Stinger, hell who would complain
MARK
LIFETIME MEMBER #117
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Depends on what the posted (stated) value of the vehicle was for the raffle. THat's what you have to pay the taxes on because the Fed considers it as part of your income. I believe there may also be a penalty because the value would more than likely put anyone over the 90% estimated income you had from the previous year.
Ahh, the joys of dealing with that one little word - FREE!
Still, then again, I could handle winning a 67 vert for the price of $50.00, no matter what the cost of taxes.












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MICK - C3VR Lifetime Member #113