If you need a new jeep, here is your chance to win one cheaply...well, the taxes may not be so cheap

https://x.com/appstatesports/status/180 ... nk4nA&s=19

BambooRdApp wrote: ↑

Mon Jun 24, 2024 12:42 pm

If you need a new jeep, here is your chance to win one cheaply...well, the taxes may not be so cheap

https://x.com/appstatesports/status/180 ... nk4nA&s=19

If I'm reading the rules correctly, you even get help with the taxes, quoted below:

The prize for this Raffle is a Jeep Wrangler (the “Jeep”) valued at $84,495.53 and a $20,000.00 cash prize (the “Prize”).

Is a Jeep worth $84k now?

Only if Rubitrux stitches the headsets...

AppBox wrote: ↑

Mon Jun 24, 2024 2:28 pm

BambooRdApp wrote: ↑

Mon Jun 24, 2024 12:42 pm

If you need a new jeep, here is your chance to win one cheaply...well, the taxes may not be so cheap

https://x.com/appstatesports/status/180 ... nk4nA&s=19

If I'm reading the rules correctly, you even get help with the taxes, quoted below:

The prize for this Raffle is a Jeep Wrangler (the “Jeep”) valued at $84,495.53 and a $20,000.00 cash prize (the “Prize”).

It helps but you still have a $20k ish tax bill.

AppSt94 wrote: ↑

Mon Jun 24, 2024 3:04 pm

AppBox wrote: ↑

Mon Jun 24, 2024 2:28 pm

BambooRdApp wrote: ↑

Mon Jun 24, 2024 12:42 pm

If you need a new jeep, here is your chance to win one cheaply...well, the taxes may not be so cheap

https://x.com/appstatesports/status/180 ... nk4nA&s=19

If I'm reading the rules correctly, you even get help with the taxes, quoted below:

The prize for this Raffle is a Jeep Wrangler (the “Jeep”) valued at $84,495.53 and a $20,000.00 cash prize (the “Prize”).

It helps but you still have a $20k ish tax bill.

Would you be taxed on the total value of $104k? So around $40k in taxes?

AppBox wrote: ↑

Mon Jun 24, 2024 3:00 pm

Only if Rubitrux stitches the headsets...

For that much I'd hope that they V8 swapped it. But doubt it and guess the details will come out later of what was done.

I'd pay the extra $20k and sell the jeep at a discount. My daughter would only be mad for a few years.

biggie wrote: ↑

Mon Jun 24, 2024 3:06 pm

AppBox wrote: ↑

Mon Jun 24, 2024 3:00 pm

Only if Rubitrux stitches the headsets...

For that much I'd hope that they V8 swapped it. But doubt it and guess the details will come out later of what was done.

It was suspension and a few other things. I agree, would be nice with a hemi swap but doesn't have that.

Car tax in NC is 3%…$2,520

Mjohn1988 wrote: ↑

Mon Jun 24, 2024 3:09 pm

Car tax in NC is 3%…$2,520

But you are taxed on a profit/winning amount like the lottery, 40% I assumed.

biggie wrote: ↑

Mon Jun 24, 2024 3:06 pm

AppBox wrote: ↑

Mon Jun 24, 2024 3:00 pm

Only if Rubitrux stitches the headsets...

For that much I'd hope that they V8 swapped it. But doubt it and guess the details will come out later of what was done.

Not even a winch

The Jeep comes complete with top-of-the-line upgrades that include heated front seats and steering wheel, App State "A" stitched headrests, hard-top headliner and a 12.3-inch touch screen display. RubiTrux has equipped this vehicle with premium suspension, fog lights, wheels and tires designed for rugged off-road and comfortable on-road use.

All that being said, it's still cool and I'll enter.

It is cool and I like this one better than the last one. Sadly if I won I'd have to sell it and would feel horrible for doing so.

biggie wrote: ↑

Mon Jun 24, 2024 3:05 pm

AppSt94 wrote: ↑

Mon Jun 24, 2024 3:04 pm

AppBox wrote: ↑

Mon Jun 24, 2024 2:28 pm

BambooRdApp wrote: ↑

Mon Jun 24, 2024 12:42 pm

If you need a new jeep, here is your chance to win one cheaply...well, the taxes may not be so cheap

https://x.com/appstatesports/status/180 ... nk4nA&s=19

If I'm reading the rules correctly, you even get help with the taxes, quoted below:

The prize for this Raffle is a Jeep Wrangler (the “Jeep”) valued at $84,495.53 and a $20,000.00 cash prize (the “Prize”).

It helps but you still have a $20k ish tax bill.

Would you be taxed on the total value of $104k? So around $40k in taxes?

Correct. Taxed on the value of the Jeep and the cash which is about $40k. I was factoring the $20k in cash to offset.

I entered. At the end of the day, you are better off if you win... whether you have to sell the jeep or not...if you win, you can have a party in Bloomington

Once again…I am late to the party.
Dumb question: has the raffle been held yet?

Bootsy wrote: ↑

Mon Jun 24, 2024 7:47 pm

Once again…I am late to the party.
Dumb question: has the raffle been held yet?

No. Will held during a week of a football game and winner announcement at the following home game. Will later in football season. Not sure when cut-off date to buy .will be when 4009 tickets sold or several weeks before drawing date.