Waiting for my brand new Mercedes for just $100

[Nraman]

http://www.birdiesforthebrave.com/mercedes-benzpromotion.aspx
OK, there is an outside, remote chance that I won't win this beautiful car.
I can't lose because either way, the Wounded Warrior Project will end up with the money. Perhaps one of our crippled soldiers will have an easier day.

 

[Old Fart]

I just sent another check to these guys last week.
A worthy cause by any standard.

You guys should get in on this. It's a freaking Mercedes!

 

[BoomerShooter]

"The Internal Revenue Code requires that, if a prize is not cash, the fair market value of the item won is considered the amount won, and the withholding and backup rates are applied to such fair market value and should be collected from the prize winner before the prize is awarded. See IRS Publication 3079. Therefore, the winner will be required to pay to Sponsor for deposit with the IRS 28-31% of the MSRP (approx. $15,120-$16,740) prior to acceptance of the prize."


That last sentence is the part that sucks....You won a car - but you have to give us 16K before you can come get it...

 

[Nraman]

"The Internal Revenue Code requires that, if a prize is not cash, the fair market value of the item won is considered the amount won, and the withholding and backup rates are applied to such fair market value and should be collected from the prize winner before the prize is awarded. See IRS Publication 3079. Therefore, the winner will be required to pay to Sponsor for deposit with the IRS 28-31% of the MSRP (approx. $15,120-$16,740) prior to acceptance of the prize."


That last sentence is the part that sucks....You won a car - but you have to give us 16K before you can come get it...

You get taxed at the casino when you hit the big one.
Cest la vie!
I have been a supporter of the WWP since it started a few years ago and all the information I have up to this moment is that they are a great organization that takes care of our wounded boys. Up to now I just sent money, now I am going to win a Mercedes, helluva deal.
Can't wait to get behind the wheel (after I pay the taxes).

 

[BoomerShooter]

The thing about the casino - you win big MONEY you just take a little outta it - you win a car - you have to come up with $16,000 before you can even accept the car....

 

[NikatKimber]

The thing about the casino - you win big MONEY you just take a little outta it - you win a car - you have to come up with $16,000 before you can even accept the car....

Yeah, but what bank on earth is gonna deny you the $16k loan on a $50k car??? Given you have any credit at all...

 

[Old Fart]

And it's for a great cause.

 

[BoomerShooter]

AHH I know I know - just sucks that Uncle Sam has to ruin everything....

 

[jbarnett]

Yeah, but what bank on earth is gonna deny you the $16k loan on a $50k car??? Given you have any credit at all...

Good point. Just borrow $16k and still have a $50k car for $16k.
I would take it.

 

[NikatKimber]

AHH I know I know - just sucks that Uncle Sam has to ruin everything....

Oh I completely agree with you!!!