??? tagged Redfish

[JT]

Yea,and I wonder what that $10-12,000 T,T&L tastes like that comes with that truck/boat package....which btw comes out of your pocket."Enjoy your new truck and boat sir!",Oh,by the way,here's a bill for 10 grand".

LOL. And then you get a 1099 for the cost of the Bote/truck and get to pay taxes to the IRS.

Still a great deal but it will cost you those taxes. I'd love to catch one.

[Robalo]

My Skeeter was a Door Prize for the AADE Tourney. heck, taxes were gladly paid by the winner.

[JT]

My Skeeter was a Door Prize for the AADE Tourney. heck, taxes were gladly paid by the winner.

Did you win that like I won that Yeti at your tournament? Lmao

[Moe]

Yea,and I wonder what that $10-12,000 T,T&L tastes like that comes with that truck/boat package....which btw comes out of your pocket."Enjoy your new truck and boat sir!",Oh,by the way,here's a bill for 10 grand".

Please allow me to help you with your tax numbers. The personal income tax will cost you just under 1/4 of the value of the truck/boat package. My taxes on the boat I won ran right at $8k. Taxes on the truck/boat will be around $17k-$18k! You could sell that pkg for $60k-$70k, pay your taxes and still have a nice little chunk o change for catching a tagged red! Not bad! Enjoy!!


The majority of caught tagged reds do not qualify due to not being registered in the tourney. The lie detector test is not that difficult. The process is simplified! Still does not mean you won't be nervous, but it is not as difficult as you think.

Moe

[Moe]

Fact is they don't tell you up front. Lots of people don't have 10k or the ability to borrow it.

You do not have to pay the taxes up front. You fill out a form and pay it off in monthly installments. The IRS works with you. Yes, CCA explained the taxes up front and I learned about the installments by calling the IRS.

Moe

[SCHU]

Moe, did you get a 1099 form to add the cost of the rig to your income taxes for that year? Just curiuos. R did you just have to pay the "sales tax" on it?

[corndog]

Wow!...I wonder what an $80,000 redfish tastes like!!

It taste like a bald eagle!!!

[Moe]

Yes, I got a 1099. You pay sales tax on the boat, motor, and trailer each, plus all registration and license fees too. A trip to the county and tp&w.

[pieman]

Moe, thanks for all the info. I hope I get to use it soon!!! Still chasin tail!

[Moe]

No problem. I'm eligible again next summer. I look forward to winning again!! Ha!!