Viper Raffles?

[BlknBlu]

I remember way back when I was in Vegas, there was a Gen 1 Mc Viper on a raised podium in the casino, it was surrounded by one arm slot machines and the car was the winning prize. Would you have to pay tax on that too?

Rusty did not have to pay taxes on his Vegas McViper

Bruce

[kbench55]

Yeah, but, if you were to win the Viper at the NVE, I believe that the USA taxman would still take his cut !!!
(Not sure though, since it is a material item.)

As a Canadian we would still have to pay the appropriate taxes on any lottery win in the US. However, we can apply to have some of it refunded back to us.

[Fatboy 18]

That's odd? So you could pull a one armed slot machine and win a cash prize and walk out of the casino, but if you win a material prize you pay tax on it?

[Vprbite]

That's odd? So you could pull a one armed slot machine and win a cash prize and walk out of the casino, but if you win a material prize you pay tax on it?

That's odd. I really thought if you won money in Vegas (over any appreciable amount) that it was taxable as income. Perhaps I am wrong. I've never won more than 80 bucks in Vegas so I don't think it's much a problem for me.

[BrianACR]

If we win anything in Canada, it is tax free. Cars, cash, houses etc. And yes Kbench55, I believe if we were to win anything south of the border, they would take their portion and it is up to us to go after it.

[AZTVR]

That's odd? So you could pull a one armed slot machine and win a cash prize and walk out of the casino, but if you win a material prize you pay tax on it?

We have to claim the winnings on our US income tax form, whether cash or an item. If above some cash amount, I believe that IRS directs the prize giver to withhold 30% of the cash and give that to the IRS and you would get an IRS form showing that. I don't know exactly what happens with a material item other than that you can't shake off the taxman; if you are a US citizen, at least.

[ViperTony]

I remember way back when I was in Vegas, there was a Gen 1 Mc Viper on a raised podium in the casino, it was surrounded by one arm slot machines and the car was the winning prize. Would you have to pay tax on that too?

Yes, if back then the IRS required casinos to report gambling winnings via 1099G. Today..they certain report it.

[TrackAire]

That's odd? So you could pull a one armed slot machine and win a cash prize and walk out of the casino, but if you win a material prize you pay tax on it?

Any single jackpot from a slot machine or any gambling machine that is $1200.00 and over, they will not pay you until you fill out the tax forms and they report it to the IRS. For Keno, I believe it is $1500.00. You still get all your winnings, but your "income" for the year just went up and you'll pay income tax on that additional income.

Now if you win a lottery or something with annuity type payout, that is entirely different.

It really doesn't make a lot of sense on the slot machines. I hit a $1500.00 payout in Vegas but had over $2200.00 accumulated on the machine. They didn't care how many little jackpots I got, just anything over $1200.00 they'd show up to fill the forms, ID, etc. IIRC, the slot machine will not play or accept any more pulls until they come to unlock it so they can verify that you filled out the IRS forms.

Now if you're visiting from the UK, it really doesn't matter as if you even fill out the forms, they can't come after you for taxes.

[Coloviper]

If you win over $3,000 cash, the house will retain 30% of the withholdings for cash right there before you leave. Under that amount and I believe you take it all home but like others have said, you must report ALL winnings at tax time anyway. Pay now or pay later. A material win and they will retain 30% which you report and it is suppose to all even out with all your taxes in the end. Theoretically.

Now the big issues here a few years ago was when this dipshit government required US Citizen non-US residents to report all income even if you live 100% in another country and abide by their tax rules etc. Making you file a US tax return and if the US tax rates are higher, they require those same US citizens to pay the US the higher difference of those tax brackets just for being an American Citizen. How arrogant and technically against the law as dual taxation laws are suppose to protect against this stuff! Stupidest move I have seen a government do yet as they wanted to crack down on offshore dealings where they pay no tax. Poor old common man caught holding the bag for what they tried to do as others just renounced while those doing illegals just go underground anyway. Didn't work so well if you look at the Panama situation a few months ago.

These last 8 years will go down as the darkest in this country's history and I am in no way talking about anything racist. Just a completely inept government, all of them, all sides. November is not providing any potential hope for the next 4 at the moment either. FUBAR

But hey Canada is not much better off with selfie stick boy and that crew in the parliament. Not sure what it is going to take to fix it? Can it even be fixed?

But back to the OP, Canadians and others outside of the US would have to pay tax upfront like a resident but would file for return. They actually get a large portion back.

[Fatboy 18]

Thanks for the feedback Guys, I never knew any of this. I could also see something else popping up, if hypothetically, I had won a car, filed with the IRS, I would then have to export the car then be hit with Import taxes on the valuation of the NEW car! Think I will ask the question with my tax office to get clarity.

I don't think they would tax me on the value of the ticket

[Vprbite]

If you don't pay, im pretty sure they take the car too. With the stiff susoension, perhaps it's good they take the car.

https://youtu.be/oBzvMLW0ii4

https://youtu.be/7tCzA0W_KJM

[Viktimize]

That's odd? So you could pull a one armed slot machine and win a cash prize and walk out of the casino, but if you win a material prize you pay tax on it?

No, they will tax any winning over 1200$(iirc). Table games are the only ones you can walk out with, because they don't have a way to fully track what you are putting down on the table to begin with.

[Viktimize]

Thanks Colo. We've looked at many variations unfortunately, not much luck.

On the flipside, I'll say this only because I witness this often and it creates some challenges. Doing something to "everyone" (like raising membership dues for a car raffle) would have a hard time flying - as to make a few happy, you'll piss off the majority who may not agree. And since middle ground isn't an option and it has to go one way or the other - it'll polarize folks as the whole group will never agree on one direction.

Making a special member level for a shot at winning a car would indeed at least separate people out and allow people to opt in by will, however, now you'll have a harder time clearing the cost of the car because people can't buy more than one shot at it... you can do the math to see how many people would have to buy a single shot, you'd need well over 65% of the club to do so. And if you let them buy more chances, it's a raffle.

I know it's hard to describe the detail that went into looking at it (and it costs money to get legal representation who will research, and then stand behind, their decision). But certainly welcome someone taking another shot at it. If someone is an attorney, or knows one and wouldn't mind getting deep into the issue, that would be big time welcome.

Not that hard to set up in Canada. Could just have one of the Canada regions register as a non-profit, then get the raffle going. If U.S. member wins the car, then you just leave it up to them to import the car and pay their state taxes. Same as any Canadian member would have to do if they won the car at NVE.

I'm still looking into setting up my own entity to do raffles myself. Buy a new car, drive it for a year, then raffle it off. Just have to print enough tickets to cover cost of the car, as well as the required charity donation, and a bit of fluff for raffle management costs. Then I can drive a brand new supercar every couple years.

[BrassMonkey ACR E]

Joe,

I can answer your question my dear. Not sure why you brought this up
(again) but it's been answered before for you. It's also been over two
years. Stop trying to create drama and add doubt where it's not needed.
Everything that is done with the VOA is above and beyond. Again, here's the
over 2 year old link to help you. There are pictures too!

http://driveviper.com/forums/threads...ll=1#post66816

And if you're still uncomfortable, the easy solution is simply not to go to
the event. We don't want you or your agenda to feel uneasy about such things. Do
us all a favor and keep it on the other website and don't bring this here,
we don't need threads high jacked by someone with 40 posts trying to stir
the pot and create a fight where there is none.

Thank you.....

Randall,
I am NOT your dear, look else where on this site for that
My post were originally removed then reposted
No one not even you have answered any of my questions in the past or now, even in your reply you avoided all questions
Per your request I will go to the VCA site and post what you don't want VOA members to see. Seems like it bothers you the most
I am "Drama Free" don't belong to either club but now kind of leaning towards the other.
Don't need a club to ENJOY my cars apparently some do
I didn't go to NVE2 nor will I go to NVE3
REASONABLE DOUBT to the way the VOA runs the doorprize giveaway
While the tickets were transported to their destination who verified that all the tickets were matched with the names of the attendees were put in the SQUIRRLE CAGE
True or not true- originally ALL club officers in each state were not eligible to BUY a doorprize ticket then down the road it was changed to where they could
And the winner was-----------HMMMMMMM Who won the NVE2?????????
True or not true- You are BAND for life from the VCA- Why???????????
Sorry I don't have the time to look at everyones post every day all day long and comment on them
Where have you been at the OHIO VOA events?????????? Whats happening to the OHIO club besides falling apart
What did VCA do to any of the VOA members to make them so angry

[BrassMonkey ACR E]

THIS ^^^^^^^^^^^^^^
Randall, you are much more diplomatic than I would have been. Thus I didn't reply to his "trolling" comments. Not worth it.

WhiteSnake,
Thanks for being a swell guy and not trying to beat up on me
If I was TROLLING I would have more than 42 post
Keep you eyes closed and everything will be good

[XSnake]

Randall,
I am NOT your dear, look else where on this site for that
My post were originally removed then reposted
No one not even you have answered any of my questions in the past or now, even in your reply you avoided all questions
Per your request I will go to the VCA site and post what you don't want VOA members to see. Seems like it bothers you the most
I am "Drama Free" don't belong to either club but now kind of leaning towards the other.
Don't need a club to ENJOY my cars apparently some do
I didn't go to NVE2 nor will I go to NVE3
REASONABLE DOUBT to the way the VOA runs the doorprize giveaway
While the tickets were transported to their destination who verified that all the tickets were matched with the names of the attendees were put in the SQUIRRLE CAGE
True or not true- originally ALL club officers in each state were not eligible to BUY a doorprize ticket then down the road it was changed to where they could
And the winner was-----------HMMMMMMM Who won the NVE2?????????
True or not true- You are BAND for life from the VCA- Why???????????
Sorry I don't have the time to look at everyones post every day all day long and comment on them
Where have you been at the OHIO VOA events?????????? Whats happening to the OHIO club besides falling apart
What did VCA do to any of the VOA members to make them so angry

Maybe you didn't read my response earlier in the thread.....

as for you being drama free....... look at what you just posted??? lmao

National officers were not eligible to win either door prize and they still paid their the fee to go.

NVE2 was one by a new member from Texas. he had been in the club 3-4 months iirc.

BTW, I'm also banned for life from vCa. why? asking questions to the prior leadership. turned out I was right. lol.

[BrassMonkey ACR E]

I believe they video taped all the tickets being present and recorded them all being put into the tumbler. It was all shown live on the video at NVE1, not sure how you missed it. Also, you're a couple YEARS late asking questions on NVE1. Where ya been?

You were at NVE1 correct?
Do you know for a FACT that your ticket was actually in that SQUIRREL CAGE???
Was it video taped the entire time from when the tickets were taken from Detroit all the way to London OHIO till the winning ticket was picked
You seen a bunch of paper(tickets?) on a table did you actually see your ticket with your name on it???? Didn't think so
Same goes for NVE2 "SMOKING MIRRORS" is what you are seeing

[BrassMonkey ACR E]

Maybe you didn't read my response earlier in the thread.....

as for you being drama free....... look at what you just posted??? lmao

National officers were not eligible to win either door prize and they still paid their the fee to go.

NVE2 was one by a new member from Texas. he had been in the club 3-4 months iirc.

BTW, I'm also banned for life from vCa. why? asking questions to the prior leadership. turned out I was right. lol.

No I did not see your post-SORRY
I didn't know you were band from the other club
May I ask WHY?????????

[XSnake]

You were at NVE1 correct?
Do you know for a FACT that your ticket was actually in that SQUIRREL CAGE???
Was it video taped the entire time from when the tickets were taken from Detroit all the way to London OHIO till the winning ticket was picked
You seen a bunch of paper(tickets?) on a table did you actually see your ticket with your name on it???? Didn't think so
Same goes for NVE2 "SMOKING MIRRORS" is what you are seeing

yes I was and yes I do. they didn't have to video tape the entire drive. why would they? they video taped all the tickets laid out on the table in front of the machine. yes, they recorded the process. then they showed all those tickets being put into the hopper. all in front of a police chief and a mayor. lol.

[AZTVR]

[Chorps]

I don't know why, but this thread reminds me of this:

[BrassMonkey ACR E]

yes I was and yes I do. they didn't have to video tape the entire drive. why would they? they video taped all the tickets laid out on the table in front of the machine. yes, they recorded the process. then they showed all those tickets being put into the hopper. all in front of a police chief and a mayor. lol.

Paper (tickets) were laid out on the table but I didn't see ONE persons name on camera just scanning over the table
Did the police Chief and Mayor look at each individual ticket and match names to verify the validity before they were put in the cage ..LOL...
Didn't thing so just a bunch of SMOKING MIRRORS in my opinion

[Voice of Reason]

I recommend you find yourself a nice Federal Wildlife Refuge to occupy until your demands are met because apparently nothing said here will convince you everything was on the up and up with the NVE door prize.

[AZTVR]

just a bunch of SMOKING MIRRORS

[RT SERPENT]

Mirrors smoke? LOL!

.... and the "tinfoil hat!!!" Priceless!