Originally Posted By: demarpaint
She was Pizt when she found out she had to pay tax on the car, and needed to take a loan to pay it. LOL
LOL. Remember when Oprah gave away a new Pontiac to every member of the audience a dozen or so years ago? I was reading a news article about that a year later and it reported that 40% of those people in the audience had to sell their car a year later to pay for the taxes. I guess nobody told them that their winnings for that day was considered non-taxed taxable income.
Way back in the late 80s, I had a coworker who won a Mercury Cougar on a raffle that he had signed up for. IIRC, he told me he to pay $4500 in taxes on a car that sold for about $15K.
She was Pizt when she found out she had to pay tax on the car, and needed to take a loan to pay it. LOL
LOL. Remember when Oprah gave away a new Pontiac to every member of the audience a dozen or so years ago? I was reading a news article about that a year later and it reported that 40% of those people in the audience had to sell their car a year later to pay for the taxes. I guess nobody told them that their winnings for that day was considered non-taxed taxable income.
Way back in the late 80s, I had a coworker who won a Mercury Cougar on a raffle that he had signed up for. IIRC, he told me he to pay $4500 in taxes on a car that sold for about $15K.