Thread: Corvette/$100k single P6 winner at SA
View Single Post
  #9  
Old 04-11-2008, 07:52 AM
whodey17's Avatar
whodey17 whodey17 is offline
Oaklawn
  
Join Date: Mar 2007
Location: indy
Posts: 2,318
Default
The tax on the car depends on his current tax bracket. He will have to pay a tax on the fair market value of the car. I am sure he has a good accountant that puts him in a low tax bracket.
Reply With Quote