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Old 07-02-2005, 03:07 PM
A-Baum A-Baum is offline
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Join Date: Jun 2004
Posts: 2
Default Re: Porsche \"freeroll\" on Party

Yeah a $90k Porsche is considered income, so you'd have to pay income tax as if you had an extra job that payed you $90k salary.

Winning a $90k car is no different than winning $90k in a poker tournament as far as the IRS is concerned.
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