Det. Brees
E tan e epi tas
- Joined
- Jul 21, 2002
- Messages
- 8,356
- Reaction score
- 3,778
- Age
- 54
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every year here st. judes has a home they give away last year the home was worth 375k.
the man that won the home has not moved into the home yet.
you ask why
the irs says he has to pay 172k in taxes before they will give him the keys... and thats just the fed taxes he has to pay another 7% for state tax. both the state and the feds claim its a cash prize and not property which causes it to be in a higher tax bracket...
its been on the news here because they are giving away another home here tomorrow.
i was hopeing to win this year. the house is a 500k home. and only 10,000 tickets were sold. each ticket cost $100.00
the man that won the home has not moved into the home yet.
you ask why
the irs says he has to pay 172k in taxes before they will give him the keys... and thats just the fed taxes he has to pay another 7% for state tax. both the state and the feds claim its a cash prize and not property which causes it to be in a higher tax bracket...
its been on the news here because they are giving away another home here tomorrow.
i was hopeing to win this year. the house is a 500k home. and only 10,000 tickets were sold. each ticket cost $100.00