won an atv
#11
#12
won an atv
What the ? $32,550 is the 25% tax bracket. 4,500 X .25 = $1,125. Plus what ever state tax is, 5-8% $270 at 6%. Plus if your in a state that requires the ATV to be titled for a state registration they will make you pay sales tax to get a title. Another 6% at $270 for a total of $1,665. The next thing your going to tell me is the Power Ball winnings are not taxed either. It doens't matter if its Power Ball winnings or a raffle, it is taxed as income.
#13
#14
#15
won an atv
<div class="FTQUOTE"><begin quote>Originally posted by: olyguy12
What the ? $32,550 is the 25% tax bracket. 4,500 X .25 = $1,125. Plus what ever state tax is, 5-8% $270 at 6%. Plus if your in a state that requires the ATV to be titled for a state registration they will make you pay sales tax to get a title. Another 6% at $270 for a total of $1,665. The next thing your going to tell me is the Power Ball winnings are not taxed either. It doens't matter if its Power Ball winnings or a raffle, it is taxed as income.</end quote></div>
Do you make a habit out of raining on other peoples parade?
Enjoy your ATV deltarider! [img]i/expressions/face-icon-small-smile.gif[/img]
What the ? $32,550 is the 25% tax bracket. 4,500 X .25 = $1,125. Plus what ever state tax is, 5-8% $270 at 6%. Plus if your in a state that requires the ATV to be titled for a state registration they will make you pay sales tax to get a title. Another 6% at $270 for a total of $1,665. The next thing your going to tell me is the Power Ball winnings are not taxed either. It doens't matter if its Power Ball winnings or a raffle, it is taxed as income.</end quote></div>
Do you make a habit out of raining on other peoples parade?
Enjoy your ATV deltarider! [img]i/expressions/face-icon-small-smile.gif[/img]
#16
won an atv
I just think people need to be prepaired for what is coming. Sticking your head in the sand is not going to keep the IRS man from coming and knocking on the door. Personally I think it's a crime that the government can not leave well enough alone and let a person have a good day occasionally. But since they're a bunch of money stealing pigs that worry about lip stick too much and not enough about controlling all the manufacturing jobs leaving the US that our life style was built upon, topics as this come up.
#18
won an atv
Here a link to that machine Scout 400 4x4
You won it so you have nothing to loose so give it a try,I say.[img]i/expressions/face-icon-small-smile.gif[/img]
You won it so you have nothing to loose so give it a try,I say.[img]i/expressions/face-icon-small-smile.gif[/img]
#19
won an atv
<div class="FTQUOTE"><begin quote>Originally posted by: olyguy12
What the ? $32,550 is the 25% tax bracket. 4,500 X .25 = $1,125. Plus what ever state tax is, 5-8% $270 at 6%. Plus if your in a state that requires the ATV to be titled for a state registration they will make you pay sales tax to get a title. Another 6% at $270 for a total of $1,665. The next thing your going to tell me is the Power Ball winnings are not taxed either. It doens't matter if its Power Ball winnings or a raffle, it is taxed as income.</end quote></div>
So take it and donate it to the Red Cross or another charitable organization. Write it off on taxes.
What the ? $32,550 is the 25% tax bracket. 4,500 X .25 = $1,125. Plus what ever state tax is, 5-8% $270 at 6%. Plus if your in a state that requires the ATV to be titled for a state registration they will make you pay sales tax to get a title. Another 6% at $270 for a total of $1,665. The next thing your going to tell me is the Power Ball winnings are not taxed either. It doens't matter if its Power Ball winnings or a raffle, it is taxed as income.</end quote></div>
So take it and donate it to the Red Cross or another charitable organization. Write it off on taxes.