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Originally Posted by Isamu
edit: you do have to pay tax on fair market value.. but I haven't found any info on cars and stuff being charged 42%+ taxes..
25% is the highest I have found, which is still alot.. but.. still
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Now you go and start pulling up facts...making me look bad
Nah
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As of 2008, the highest tax bracket starts at $357,700 and is 35%. When you start adding in state and local taxes, you could very well get close to 50%. If the prize is smaller, you probably won’t be taxed at 50%.
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Prize Winnings Tax
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The suggested retail price is €255,000 in Europe, £201,900 in the UK and $379,700 in the U.S
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the last quote was from wikipedia....under aventador
so federal taxes alone would be around 135 grand. so with state taxes i could see getting a gtr and a 911 depending on the state.