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TFCT.....next ebay????
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[QUOTE]Originally posted by pharmdman: [QB] [QUOTE]Originally posted by e2brutay75: [b]I have a question. This isn't bashing or anything... just asking for a greater understanding of prizewize. So let's say I bid and win a house. And the house is worth $400,000 right? NOW here is what I am wondering. Did I just BUY a house... ala ebay? Or did I just WIN a house ala the lottery? VERY IMPORTANT DIFFERENCE. If I WON the house... aren't I subject to income taxes? Winning a house for $1 is great... but getting hit with 30-40% in income taxes could really knock a lot of people out of the box y'know? So if someone would clarify that for me... thatnks a lot!!! : ) e2[/b][/QUOTE] It is considered winning, not buying. That's why there is a limitation for Florida and New Jersey residents. Technically, you are *buying* coupons and receiving *free* entry tickets for the raffles. [/QB][/QUOTE]
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