Idiot wins a Lamborghini then wrecks it

[krazy kris]

Winning cars can be nice. But paying the taxes on a car like that could send you to the poor house. My brother won a 2003 Z4 BMW. Taxes were right at $18K on that car.

I am guessing $80-100K on that car?

damn, sounds like he didn't win shit

[Cobraman]

The winner looks fucking inbred. Poor Lambo.

so was it wrecked?

I didn't see anything about a wreck..read it, checked pics.. what the fuck. Waste of time idiot.

Exactly why this thread should stay locked.

[Ruffdaddy]

$18k in taxes on a ~$40k car? Put the crack pipe down, you don't know what you're talking about

Tell us then...what is the tax rate for gift cars?

[Slowhand]

Tell us then...what is the tax rate for gift cars?

Gift ≠ prize in the eyes of the tax code, for starters. That said, prizes received without merit are considered gross income and are taxed at your marginal rate. Homeboy was booking some pretty serious income if he paid $18k in taxes.

[Junioropolous07]

Exactly why this thread should stay locked.

What's that supposed to mean?

[Ruffdaddy]

Gift ≠ prize in the eyes of the tax code, for starters. That said, prizes received without merit are considered gross income and are taxed at your marginal rate. Homeboy was booking some pretty serious income if he paid $18k in taxes.

That's what I was getting at...wrong nomenclature, but he didn't have to be making TOO much for the taxes to be around that number...

[Slowhand]

That's what I was getting at...wrong nomenclature, but he didn't have to be making TOO much for the taxes to be around that number...

He'd be having to make $300,000+ and the MSRP on a decked out Z4 was actually right at $40,000 in 2003, which puts his marginal rate at an unreachable 45%. Methinks not, unless the car stickered for $50,000.

[SSMAN]

$18k in taxes on a ~$40k car? Put the crack pipe down, you don't know what you're talking about

$50k plus car with every available option. Pull your head out of your crack. Never mind , it will always be there.

[Sergio]

i'll be damned...

http://autos.yahoo.com/blogs/motoramic/truck-driver-wins-lamborghini-crashes-hours-later-220724449.html

Thanks to a Utah convenience store's contest, Frito-Lay truck driver David Dopp won another set of wheels last Saturday: this lime-green, 631-hp Lamborghini Murcielago LP-640, worth at least $200,000. Such an awesome car that will...oops, he already wrecked it.

Just a few hours after getting the keys to the V-12 powered Italian supercar named for a famed Spanish fighting bull, Dopp took to the roads around his home in Santaquin, Utah. According to In Santaquin News, police were called about dusk after a witness spotted the all-wheel-drive Lambo bass-ackwards in a field, with skidmarks from where it left the road.

Dopp -- who had apparently already taken one call from the local police about takin' it easy before going off-road -- says he was going about 40 mph to 50 mph on a 35-mph road when he hit a patch of what he called black ice or gravel. The police report says the car went over a curb, off the road and 75 feet into the field, calling the accident "speed related."

The Murcielago is now bound for Las Vegas, where mechanics will calculate a repair estimate on the busted oil pan and damaged bumper. Dopp, who has insurance, says the day was "an emotional roller coaster." If you mess with a bull, don't be surprised when you get the horns.

[VaderTT]

So he wrecked it?

[VaderTT]

Wait, so where does it say he wrecked it?

[Rreemo]

[MattB]

$50k plus car with every available option. Pull your head out of your crack. Never mind , it will always be there.

Don't be mad because someone calls you out when you don't know what you're talking about. :-)

[71chevellejohn]

Lock this thread.

[Osiris]

Lock this thread.

I did once and almost got run down by an angry mob! Lol!