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Thinking of trying to get on the next BULLRUN!!

This is a discussion on Thinking of trying to get on the next BULLRUN!! within the Camaro / SS forums, part of the Vehicle Specific category; Just like the lotto or selling a house for way more than you paid for it, its considered capital gains, ...

  1. #21
    Shake and Bake Triple H Coating's Avatar
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    2006 Harley Night Train
    Just like the lotto or selling a house for way more than you paid for it, its considered capital gains, and they get between 40 and 50% out of it. Go to Vegas and win a huge jackpot, they will take out uncle sams portion before they even give it to you. (if the winnings are large enough) even if they are not you are supposed to claim them on your taxes at the end of the year.

  2. #22
    Member BirdCountry02's Avatar
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    Maple Red Metallic
    2002 Trans Am M6

    Quote Originally Posted by Triple H Coating View Post
    Just like the lotto or selling a house for way more than you paid for it, its considered capital gains, and they get between 40 and 50% out of it. Go to Vegas and win a huge jackpot, they will take out uncle sams portion before they even give it to you. (if the winnings are large enough) even if they are not you are supposed to claim them on your taxes at the end of the year.
    i didnt know that, well that sucks. so really splittin between 2 team mates makes it 100k, then 50% for taxes which makes it 50k not including damages if there are any? it'd be fun to do and enter but damn, that sucks. not that much dough at the end

  3. #23
    Moderator Firebirdjones's Avatar
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    Quote Originally Posted by BirdCountry02 View Post
    i didnt know that, well that sucks. so really splittin between 2 team mates makes it 100k, then 50% for taxes which makes it 50k not including damages if there are any? it'd be fun to do and enter but damn, that sucks. not that much dough at the end
    Ya you might as well find a buddy to ride with,,,you get the same split and you don't tear your own crap up

  4. #24
    SS-EIAN SSNAKEATER23's Avatar
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    No f***ing way man!!!!

  5. #25
    Member BirdCountry02's Avatar
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    Maple Red Metallic
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    Quote Originally Posted by Firebirdjones View Post
    Ya you might as well find a buddy to ride with,,,you get the same split and you don't tear your own crap up
    +1 thats the way to go if you do. my friend wants to with his car, just as long as it aint mine

  6. #26
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    That would be a balst,but man they put your car through some stuff.that's a nice 67

  7. #27
    Member BrntWS6's Avatar
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    2002 WS6 M6 - 461hp 406tq

    20 grand??......20 grand!! Damn, I didn't know there was a buy in to beat the shit out of your car. No way in hell I'd do that to my car, not even if somebody fronted the money for me.

  8. #28
    Member BirdCountry02's Avatar
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    Maple Red Metallic
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    Quote Originally Posted by BrntWS6 View Post
    20 grand??......20 grand!! Damn, I didn't know there was a buy in to beat the shit out of your car. No way in hell I'd do that to my car, not even if somebody fronted the money for me.
    20k's for the actual road rally. the tv shows completly separate. entrance for thats free if they choose you

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