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WIN a 37 AVH - Active Thunder

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Old 10-10-2008, 10:30 PM
  #101
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Originally Posted by TSPM View Post
YUP...... still on and legal. We are linked with a non profit group and waiting for officail docs fromthe state which are in the mail.
Certainly an org accepting checks has "official docs" by now.

Please post a .pdf of your license.
And also... please identify the non-profit, they deserve some PR from being involved in this. I want to visit their website. I want to learn more about any non-profit that partners with offshore boat sellers. Way cool. Love them.

Oh... and have you identified the impartial third party making the draw yet? That would be comforting to know.

I want to buy a ticket.

Just need to look into that non-profit and verify the state docs.
Need to see the language.
Thanks!
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Old 10-11-2008, 09:33 AM
  #102
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Originally Posted by fund razor View Post
Certainly an org accepting checks has "official docs" by now.

Please post a .pdf of your license.
And also... please identify the non-profit, they deserve some PR from being involved in this. I want to visit their website. I want to learn more about any non-profit that partners with offshore boat sellers. Way cool. Love them.

Oh... and have you identified the impartial third party making the draw yet? That would be comforting to know.

I want to buy a ticket.

Just need to look into that non-profit and verify the state docs.
Need to see the language.
Thanks!
I'll second that. Would like to buy some tickets but it still appears that you started this without any of the correct paperwork and approvals in place (just how this thread reads) and the devil is certainly in the details in a transaction like this.
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Old 10-15-2008, 11:02 PM
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Is there a CLEAR title for this boat???
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Old 10-16-2008, 02:55 AM
  #104
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Is there a CLEAR title for this boat???

I would hope with the 100k collected, it would be clear by the time the winner went to pick it up.

Anybody know what kind of tax liability there is if you win?????? How does that work???????? Sorry, but I don't have 30k laying around to pay taxes.
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Old 10-16-2008, 09:36 PM
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I would hope with the 100k collected, it would be clear by the time the winner went to pick it up.

Anybody know what kind of tax liability there is if you win?????? How does that work???????? Sorry, but I don't have 30k laying around to pay taxes.
If it is like anything else you win in this kind of situation, you will owe Fed taxes on the difference between the value of what you win, and the cost of the ticket(s) you buy.

They raffle off a 250K house in our community every year. Win it, and you owe your tax bracket on what your gain is.

So if the IRS values this boat at 200K+, you are going to pay more than 30K in taxes.

But look at the bright side - you can sell your current AT to pay Uncle Sam.
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Old 10-17-2008, 02:46 AM
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Problem is when/if I sell mine, in todays market, I can pay off the loan on it and maybe have enough $$$ left to fill the tanks in the new one a couple times.

I would argue that the boat is worth 100k. It was posted that it could be bought for that much.
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Old 10-17-2008, 04:11 AM
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What % is your state sales tax?
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Old 10-17-2008, 07:15 AM
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Half way thru the game you change the rules? I believe thats fraud.
You cannot change the odds of a game once it has started.

Last edited by JoeD; 10-17-2008 at 07:32 AM.
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Old 10-17-2008, 08:00 AM
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Problem is when/if I sell mine, in todays market, I can pay off the loan on it and maybe have enough $$$ left to fill the tanks in the new one a couple times.

I would argue that the boat is worth 100k. It was posted that it could be bought for that much.
I Lean more towards keeping your 32 & selling the 37. You could get alot more gas
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Old 10-17-2008, 09:01 AM
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How many tickets have been sold to date?
Where on LI is the pick up spot?
Don't need an exact address - just wanted a town - I live in Westchester and wanted to think about the logistics of hauling it up here when I win
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