From: LaZerDude (C_BURKE) [#36]
18 Mar 2007
To: RICK (THUMBSUP) [#32] 19 Mar 2007
quote:
And as for Harvey-it was a noble thing he did to return his own name to the bucket after drawing it.He was still rewarded with a poker chip for his nobility.
Rick, you are correct.....but did you try getting that camera from Dee? I would soon swim with Pirhana. :D
From: Cap'n Ron (RONSTROWGER) [#37]
20 Mar 2007
To: sprinter [#29] 20 Mar 2007
Sprinter,
Why does the government feel the need to re-tax what has already been taxed? All these issues sure put a kink in the fun. I am finding a ton of these issues for this raffle. It is begining to spiral out of control in all this government bureaucracy. No wonder the trade deficit and budget are in such a mess. Thank you for your reply.EDITED: 20 Mar 2007 by DGL
From: Lisa (TROPHYUSA) [#38]
20 Mar 2007
To: ALL
For all of you that are feeling bad about winning prizes, I would happily take them off your hands -- in the interest of making you feel better, of course!
From: Dee (DEENA-ONLY) [#39]
20 Mar 2007
To: Lisa (TROPHYUSA) [#38] 20 Mar 2007
I'm not feeling bad about winning! :P
Dee
From: Lisa (TROPHYUSA) [#40]
20 Mar 2007
To: Dee (DEENA-ONLY) [#39] 21 Mar 2007
Rats! I need a new camera!
From: UncleSteve [#41]
20 Mar 2007
To: Stunt Engraver (DGL) [#40] 21 Mar 2007
David,
Here is a similar situation that was on the CBS news this morning:
http://www.winmyhouse.net/
It was done as a contest.........
From: sprinter [#42]
20 Mar 2007
To: ALL
This is just part of the Federal Law on Taxes for Raffle Prizes
Federal Income Tax Withholding: Raffle Prizes
Individual raffle prizes have the potential to be $600 or greater. It is imperative that organizations holding raffles be aware of the federal income tax withholding requirements. The following was reviewed by the IRS on November 23, 2004.
If the prize amount is more than $5,000, the organization must obtain proper identification from the winner (as described above) and withhold 25% of the prize. If the organization is unable to obtain proper identification, they must withhold the higher "backup withholding.
Most states also have similiar taxes on Raffle Prizes. (when I won the car in a raffle, California tax rate was 33%)
Contest winners are subject to similiar taxes.
They all have their hand out to get their share.
EDITED: 20 Mar 2007 by SPRINTER
From: Cap'n Ron (RONSTROWGER) [#43]
31 Mar 2007
To: sprinter [#42] 31 Mar 2007
It is turning into the give-me-more of my share with the government. Because I am not a non-profit business, raffle across state lines is taboo. Permits would have to be obtained in every state. It seems that there are too many that do not allow these activities. Then there is this taxes thing. I have already paid the taxes on this stuff. Sure seems I should be able to do what ever I want with it! Anyhow, I seem to be running out of options. Seemed fun at the get go.
From: Stunt Engraver (DGL) [#44]
1 Apr 2007
To: Cap'n Ron (RONSTROWGER) [#43] 2 Apr 2007
Ron,
Being that the raffle looks impossible, how will you promote the sale of your equipment?
ebay?
From: Cap'n Ron (RONSTROWGER) [#45]
2 Apr 2007
To: Stunt Engraver (DGL) [#44] 2 Apr 2007
David,
That seems to be the next best thing. I am working with a friend who ebays alot to get the best advice to show the stuff. This will probably be the best low cost avenue. What would you look for when bidding on something like this on ebay?
From: Stunt Engraver (DGL) [#46]
2 Apr 2007
To: Cap'n Ron (RONSTROWGER) [#45] 2 Apr 2007
quote:
What would you look for when bidding on something like this on ebay?
I've never listed anything or bid on ebay. Plenty of people here have and I'm sure they can offer some prudent advice.
Message 6304.47 was deleted
Show messages:
1-15
16-35
36-47