Thread: I won a Bumblebee Camaro from GM sweepstake!
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Old 10-02-2008, 11:01 PM   #170
TRIXXTERR
 
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Drives: 96 Z28(sold)
Join Date: Mar 2008
Location: Texas, Fla
Posts: 616
Quote:
Originally Posted by CamaroScotty View Post
Congrat's!!!!!!!!!!!!!!

So the gift tax would be about a 1/3rd of the prize value? How does this work??


I CAN'T WAIT FOR PICS!
Quote:
Originally Posted by ocolgan View Post
What is the gift tax, how does it work?
In TEXAS, I Think It Is Like 10% Of Total Value..

So In This Case, 10% of 40K +T,T,L.
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