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I thought of that as well. Spreading the taxes across an entire year would
be a lot nicer than getting hit all-at-once. In fact, I wondered how I
could afford to win without selling the computer. That would be sad. I
hope that whoever wins can afford to keep it. Plus, I'm curious as to the
power that it would have! :-)
--
Jeremy
www.beantoad.com
"Chris Holtorf" <lho### [at] nwlinkcom> wrote in message
news:1103_1099054999@news.povray.org...
> A coworker pointed out a very good benefit to moving the contest
> deadline to January - taxes. If, by some stroke of extremely very good
> luck, I should win the first
> place prize, I can delay paying my US federal and state taxes by a year.
> This is in addition to any potential import duties on the hardware if the
> machine comes from out
> of the country. It would also give me more time to fill out any paperwork
> that is required for transactions involving so much money.
> This is not a trivial amount in my case - potentialy up to 30% of the
> amount of the winnings. That extra year would give me a lot more time to
> save up the money.
> Aren't governments fun to deal with !
>
> Chris Holtorf
>
>
>
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