Corvette/$100k single P6 winner at SA

[Kasept]

Originally Posted by hi_im_god

i'm with you. every silver lining has a cloud.

i'd say he won all that money but now has a car that screams "i'm compensating for a small penis!"

OOOOOOO

[whodey17]

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.

[Scav]

Originally Posted by whodey17

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.

He is more talking about having to pay sales tax on the Vette. I think he also has to claim it as a prize won, which means 25% off the top, so about 9k because of prize won + sales tax

[The Bid]

Scav if the guy is buying babies for 600k, he doesnt care about the 25% takeout.

[Scav]

Originally Posted by The Bid

Scav if the guy is buying babies for 600k, he doesnt care about the 25% takeout.

No **** ....

100k to this guy is nothing and he is a dry wall contractor

Anyone that is dropping 600k on a horse, obviously is doing pretty well to start.

I might have to move to California if those dudes get paid that much, lol

[GPK]

Originally Posted by Scav

No **** ....

100k to this guy is nothing and he is a dry wall contractor

Anyone that is dropping 600k on a horse, obviously is doing pretty well to start.

I might have to move to California if those dudes get paid that much, lol

You do realize that involves physical labor?

[Scav]

Originally Posted by GPK

You do realize that involves physical labor?

yes numnuts I do, you would be surprised what I can do with a hammer and a saw, thank you very much

[whodey17]

Originally Posted by Scav

He is more talking about having to pay sales tax on the Vette. I think he also has to claim it as a prize won, which means 25% off the top, so about 9k because of prize won + sales tax

I am pretty sure that in Cali he doesnt have to pay the sales tax. All he has to pay is the fair market value of the car based on his tax bracket. But I could be wrong....but like the one paster said..."if he is buying $600k babies, he could care less about the tax,"

[Payson Dave]

To clarify......twas a nice job of cappin and putting together a big paying ticket....not looking for the dark cloud here just saying that after the withholding on the winnings and the taxes on the 'vette there will not be alot left over to help pay for the 600k filly.



In addition to the Corvette, Scardino noted that the $105,208 will come in handy. “Alex Solis Jr. picked out a 2-year-old filly in training at Keeneland and we just bought her yesterday,” he said. “She went for $600,000, so this helps.”