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  #1  
Old 04-10-2008, 09:15 PM
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i think 25% on multi-race wagers in california.
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  #2  
Old 04-10-2008, 09:18 PM
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After the withholding on the ticket and the taxes on the 'vette....he isn't gonna have much leftover
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  #3  
Old 04-10-2008, 10:14 PM
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But ya know ... I want to go to California and spend a season. I want to do Del Mar, and Hollywood, and Santa Anita. I want to hear the Friday night bands, watch the partying, and do night racing that's not at Sportsman's in Chicago <g>

California just seems like ... California!
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  #4  
Old 04-11-2008, 12:09 AM
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Quote:
Originally Posted by Payson Dave
After the withholding on the ticket and the taxes on the 'vette....he isn't gonna have much leftover
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!"
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  #5  
Old 04-11-2008, 02:04 AM
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Quote:
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
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  #6  
Old 04-11-2008, 07:52 AM
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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.
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  #7  
Old 04-11-2008, 08:51 AM
Scav Scav is offline
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Quote:
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
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  #8  
Old 04-11-2008, 09:08 AM
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Scav if the guy is buying babies for 600k, he doesnt care about the 25% takeout.
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  #9  
Old 04-11-2008, 12:42 PM
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Quote:
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,"
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  #10  
Old 04-11-2008, 09:09 AM
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Quote:
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!"
Maybe I should go buy a Corvette...
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  #11  
Old 04-11-2008, 02:23 PM
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Quote:
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!"
The guy's 75 and buys $600k babies. If he's not well endowed, he's over it by now. Besides, he's married 50 years so the wife must be pleased with something!
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  #12  
Old 04-11-2008, 03:02 PM
alysheba4 alysheba4 is offline
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after you are old enough to collect S.S dont you skate on gambling taxes?
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  #13  
Old 04-11-2008, 04:02 PM
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I would like to tell my accountant I won over 100K and a Corvette.

I would not be sad, nor would I bitch about taxes
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  #14  
Old 04-11-2008, 06:28 PM
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Quote:
Originally Posted by Linny
The guy's 75 and buys $600k babies. If he's not well endowed, he's over it by now. Besides, he's married 50 years so the wife must be pleased with something!
No, his wife is 50 and he's 75, so that means he doesn't have a little penis. My guess is that he will give the Vette to his girl friend.
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