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Chance to win $11,000 shop from Popular Woodworking

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Forum topic by artislee posted 05-08-2018 12:15 PM 632 views 0 times favorited 14 replies Add to Favorites Watch
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artislee

28 posts in 464 days


05-08-2018 12:15 PM

Topic tags/keywords: win shop

popularwoodworking.secondstreetapp.com/og/2fc15e16-ae6c-42ad-ada8-ed541f35ccbf/referrals/11cc26aa-d976-47b5-965c-ce2f6b1f76f5

-- "Woodworking is cheaper than therapy!"


14 replies so far

View Steve's profile

Steve

553 posts in 669 days


#1 posted 05-08-2018 12:18 PM

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artislee

28 posts in 464 days


#2 posted 05-08-2018 12:21 PM

Awesome, LMAO

-- "Woodworking is cheaper than therapy!"

View Ron Aylor's profile

Ron Aylor

2649 posts in 734 days


#3 posted 05-08-2018 02:31 PM

I would enter, but if I won I wouldn’t know what to do with all of those power tools … LOL!

View soob's profile

soob

269 posts in 1295 days


#4 posted 05-08-2018 02:48 PM

$11,000 doesn’t go very far, does it?

View Steve's profile

Steve

553 posts in 669 days


#5 posted 05-08-2018 03:04 PM



$11,000 doesn t go very far, does it?

- soob

not when paying MSRP.

View AlaskaGuy's profile

AlaskaGuy

4274 posts in 2396 days


#6 posted 05-08-2018 05:49 PM


I would enter, but if I won I wouldn t know what to do with all of those power tools … LOL!

- Ron Aylor

You can add 11,000 dollars to your income and pay more taxes.

The downside of winning a high-priced item, like a car, is that you may have to sell it to pay the taxes or dip into savings intended for other purposes. You will have to pay tax on the fair market value of the item, so if you won a $50,000 car, you’ll owe taxes on that amount. The company providing the winning item should send you a Form 1099 with its fair market value. Again, the prize may move you into a higher tax bracket, so make the same computations as if it were cash. For example, if you are in the 28 percent tax bracket with the car included, a bracket that currently ranges from $91,900 to $191,650, you’d pay $18,713.75 plus 28 percent of the excess over $91,900 for tax year 2017.

-- Alaskan's for Global warming!

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Ron Aylor

2649 posts in 734 days


#7 posted 05-08-2018 06:10 PM


I would enter, but if I won I wouldn t know what to do with all of those power tools … LOL!

- Ron Aylor



You can add 11,000 dollars to your income and pay more taxes.

The downside of winning a high-priced item, like a car, is that you may have to sell it to pay the taxes or dip into savings intended for other purposes. You will have to pay tax on the fair market value of the item, so if you won a $50,000 car, you ll owe taxes on that amount. The company providing the winning item should send you a Form 1099 with its fair market value. Again, the prize may move you into a higher tax bracket, so make the same computations as if it were cash. For example, if you are in the 28 percent tax bracket with the car included, a bracket that currently ranges from $91,900 to $191,650, you’d pay $18,713.75 plus 28 percent of the excess over $91,900 for tax year 2017.

- AlaskaGuy


Then it’s a good thing I didn’t enter … LOL!

View LesB's profile

LesB

1791 posts in 3530 days


#8 posted 05-08-2018 06:35 PM

Bottom line is that if you are paying taxes your must be making good money so do your part to support the government because half the population pay no income tax at all and the top 20% pay 80% of the taxes.
Personally I think almost everyone should pay something even it it is just a token amount.

-- Les B, Oregon

View doubleG469's profile

doubleG469

642 posts in 531 days


#9 posted 05-08-2018 08:14 PM



Bottom line is that if you are paying taxes your must be making good money so do your part to support the government because half the population pay no income tax at all and the top 20% pay 80% of the taxes.
Personally I think almost everyone should pay something even it it is just a token amount.

- LesB

+ 1 for a flat tax on all 10% boom done….

-- Gary, Texas

View artislee's profile

artislee

28 posts in 464 days


#10 posted 05-09-2018 03:51 AM

wow, I didn’t know any of that, apparently, I should read the fine print a little more. Thanks for all the info though, its good to know!

-- "Woodworking is cheaper than therapy!"

View TheFridge's profile

TheFridge

9889 posts in 1573 days


#11 posted 05-09-2018 04:00 AM

Bottom line is that if you are paying taxes your must be making good money so do your part to support the government because half the population pay no income tax at all and the top 20% pay 80% of the taxes.
Personally I think almost everyone should pay something even it it is just a token amount.

- LesB

+ 1 for a flat tax on all 10% boom done….

- doubleG469

Ditto. wish it was that easy though.

-- Shooting down the walls of heartache. Bang bang. I am. The warrior.

View AlaskaGuy's profile

AlaskaGuy

4274 posts in 2396 days


#12 posted 05-09-2018 04:07 AM



wow, I didn t know any of that, apparently, I should read the fine print a little more. Thanks for all the info though, its good to know!

- artislee

yep, be careful what you wish for, you might just get it. :)

-- Alaskan's for Global warming!

View Ripper70's profile

Ripper70

1089 posts in 995 days


#13 posted 05-09-2018 05:14 AM

Don’t bother with this “Sweepstakes”, fellas. I just entered and I will win it. You’ll just be wasting your time.

-- "You know, I'm such a great driver, it's incomprehensible that they took my license away." --Vince Ricardo

View AlaskaGuy's profile

AlaskaGuy

4274 posts in 2396 days


#14 posted 05-09-2018 05:23 AM


Don t bother with this “Sweepstakes”, fellas. I just entered and I will win it. You ll just be wasting your time.

- Ripper70

OK, I don’t see any Festools or Felder’s or any Euro equipment anyway. No 24’’ wide jointers either.

-- Alaskan's for Global warming!

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