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That is what winning the camaro has cost me in taxes. This is probably why most sell the vehicle, to pay the taxes.
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AWE you poor thing, I really feel for you man, NOT!! LOL I will help you out, I will buy it from you for that price. -
No, I'm fine. I have really nice parents who have loaned me the money I've needed to make the tax payments. My point is that most people probably don't have over ten grand just sitting around to make tax payments on a car that they've won.
When I first won the car, I did some research and found out that most experts on the subject say don't take the car, take the equivalent cash payment. In my case, the cash payment was peanuts. Plus, this car isn't your regular run of the mill car!Comment
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Oh well it was worth a try, HEHEComment
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Well, you can make another offer. LOL, but it better be a lot higher.Comment
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I don't think any of us are going to feel for you. We all paid at least double that, plus you have a kick ass car! I think you made the right choice.Comment
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Whoa, it's not like you won a car. It's "you won half a car, now pay" ha. Oh well, still a cool car.Comment
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I'm not looking for sympathy. I'm happy to pay the taxes. I just wanted you all to know it's not totally free! I was looking to buy a camaro before I got this one. Good thing I waited.Originally posted by priz23 View PostComment
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Meant to beOriginally posted by Blackhawk View Post
Honestly, i entered to win the new, but not original Blackhawks Camaro. Truth is though, i'd take the cash, but that's only because I already have one.2010 Black 2LT/RS (Custom stripes by Showstopper - Red footwell lighting - K&N CAI)Comment
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Why does the taxes cost so much?Comment
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It's because you are taxed at a higher bracket when you win something. I belive you pay almost a 1/3 of the price of the vehicle. Don't quote me on that percentage though, but it is quite a bit.sigpic
So far.... Stock 1LS with a Airaid CAIComment
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You have to claim the value of the vehicle as income on your taxes. That can put you into a higher tax bracket.Comment
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You still won out I think!!!!, One in the world with the signatures and first show a 3ft trophy and many more to come.
Hey I see twin Turbo's in your future too......2018 ZL1 A10 Convertible, Kooks Longtube Headers (to be installed 8Jan) Full Kooks exhaust from Kooks R&D in Mooresville, NC, ZL1 painted GFX, My ShowStopper Custom Engine Cover Kit and painted CAI. For Sale! Color Shift Lights coming soon[/SIZE][/B]
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Definately worth every penny of the $12k.Comment
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