Wings of Hope Spring 2023 Raffle

Looking forward to it. Great plane to auction too.
 
Nice airplane. The estimated value is 113,773.62, so figure 30-35k+ in sales taxes.
 
I'd be thinking of a paint job long before taxes owed lol.
 
I was one number off for the headset, so this must be my year right! ;>)))) Will donate as usual to a good cause…


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March 2023 is so far away, was my first thought. Then I remembered we are almost done with Jan 2023
 
Dave Theisen said:
It looks like they don’t want an East coaster to win it.
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I don't understand....what do you mean?

is it about the paint job?
which is a head scratcher... I'm no artists or fashion guru....what do I know about colors going together..... but to my eye, I just don't get why anyone would do that scheme!
 
Brad W said:
I don't understand....what do you mean?

is it about the paint job?
which is a head scratcher... I'm no artists or fashion guru....what do I know about colors going together..... but to my eye, I just don't get why anyone would do that scheme!
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Reminds me of a car with a door replaced from a car with a different color.
 
Brad W said:
I don't understand....what do you mean?

is it about the paint job?
which is a head scratcher... I'm no artists or fashion guru....what do I know about colors going together..... but to my eye, I just don't get why anyone would do that scheme!
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No, because ticket sales start at 1:00 am EST.
 
Brad W said:
I don't understand....what do you mean?

is it about the paint job?
which is a head scratcher... I'm no artists or fashion guru....what do I know about colors going together..... but to my eye, I just don't get why anyone would do that scheme!
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If that's the original 1963 paint scheme, I gotta wonder what the designer was smoking. I bet negative urinaylsis tests for employment weren't as big a thing back then.
 
Lindberg said:
An hour later than they start in central time. :dunno: I don't believe these sell out immediately like they used to, so you can probably wait until morning.
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Do I have to explain how time zones work? :)
 
Lindberg said:
No. Do I need to explain that the day begins at midnight wherever you are? ;)
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“This year, the raffle will launch on Wednesday, March 1, 2023 at 12am Central Time. Only 5,000 tickets will be made available, 1 ticket for $100 and 3 tickets for $275.”

Ok, then maybe it’s reading comprehension we need to work on. :)
 
Dave Theisen said:
“This year, the raffle will launch on Wednesday, March 1, 2023 at 12am Central Time. Only 5,000 tickets will be made available, 1 ticket for $100 and 3 tickets for $275.”

Ok, then maybe it’s reading comprehension we need to work on. :)
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Or maybe geography.

Screenshot_20230123-175136.png
 
What is your point exactly? When tickets go on sale at 12:00 midnight CST, it will be 1:00 am midnight where I live, which is all I’ve been saying all along. :dunno:
 
Dave Theisen said:
What is your point exactly? When tickets go on sale at 12:00 midnight CST, it will be 1:00 am midnight where I live, which is all I’ve been saying all along. :dunno:
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The tickets go on sale at midnight CST / 1:00 AM EST because that's when the day begins where Wings of Hope is located. It has nothing to do with people from the East Coast.
 
I understand how that works. My only point was, if those of us in the EST zone want to buy tickets as soon as they go on sale, we have to make an effort to stay up late, while folks on the West coast can buy a few tickets and still watch the nightly news. I have been saying no less, no more, this entire time.
 
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but, but but.....it's 12:00am CENTRAL!!!!!!!!!!
 
They used to start the raffle at 6 am CT, which worked out much better for East Coast, bad for west coast. The new 12 am CT isn't so awful since tickets don't sell out like they used to since they raised the price. Besides the winners seem to always be someone with 10 aircraft already, 6 of which they built with a pair of tin snips and a rivet gun and the remainder fly at Mach 3.7.
 
Why not start at 12 NOON?

Easy for everyone.

Or did the screw up the AM/PM and MEAN noon? Many people get that wrong.
 
I suspect they’re trying to prevent the rope drop server crash.
 
Is the winner of this raffle subject to sales/use tax by the local or state tax authority?

Or can this be "coded" as an occasional sale?

If yes to paying tax, on what amount? If I purchase just one raffle ticket, I paid just $100.00. Or are they going off of some derived retail value?
 
AggieMike88 said:
Is the winner of this raffle subject to sales/use tax by the local or state tax authority?

Or can this be "coded" as an occasional sale?

If yes to paying tax, on what amount? If I purchase just one raffle ticket, I paid just $100.00. Or are they going off of some derived retail value?
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For noncash prizes, winners must pay 25% of the fair market value minus the wager. That’s just for the IRS.

https://www.irs.gov/pub/irs-tege/notice_1340.pdf

ETA: if the charity pays the taxes, there’s a formula for the charity to determine the grossed up tax on the noncash prize AND the tax payment prize.
 
Bump, and a reminder that tomorrow is March 1st and raffle tickets go on sale in about 5 hours.
 
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