I imagine they write it up as a lease as opposed to giving them the title. The value of the lease would then be taxed as ordinary income.What’s the taxes look like on that?
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I imagine they write it up as a lease as opposed to giving them the title. The value of the lease would then be taxed as ordinary income.What’s the taxes look like on that?
Ok so what’s the value of 12 months lease payments on a 200k+lambo?I imagine they write it up as a lease as opposed to giving them the title. The value of the lease would then be taxed as ordinary income.
Ok looked it up. You can lease 1-2 year old lambos for 3-4K a month with around 19k down payment.Ok so what’s the value of 12 months lease payments on a 200k+lambo?
Down-payment is just prepaying the lease so 19k down 3-4 a month would be equivalent to 4-5k a month. So let's just say for arguments sake 54k per year. Taxes at 1/3. So costs them about 18k per year. Round up to 20k for a nice even number.Ok looked it up. You can lease 1-2 year old lambos for 3-4K a month with around 19k down payment.
Say these are new so 5k and 30k down(I’m sure they put zero but well include it as the perceived value)
That would still be what 90k value.
Decent chunk to have to pay in taxes
Hopefully Georgia doesn't offer its players/recruits this same deal.
That’s my accountant. I know this guy!Down-payment is just prepaying the lease so 19k down 3-4 a month would be equivalent to 4-5k a month. So let's just say for arguments sake 54k per year. Taxes at 1/3. So costs them about 18k per year. Round up to 20k for a nice even number.
That’s my accountant. I know this guy!
Dammit. Now we’re failing at small-town white 3-stars? My how the mediocre have fallen.
Yeah, I see it's $621k average market not that 20k matters to anyone that has that kind of money for a car. Lamborghini Revuelto 1000hp V12 hybrid, 0-100 in 5 seconds. Probably not the best car to give to a college age kid ☠️.It better be nice… starts at over $600k
Yeah, I see it's $621k average market not that 20k matters to anyone that has that kind of money for a car. Lamborghini Revuelto 1000hp V12 hybrid, 0-100 in 5 seconds. Probably not the best car to give to a college age kid ☠️.
Simon, I mean Georgia, says…nothingWut could go wrong?
A very expense grocery-getter is still a grocery-getter. He’s getting the short end of the stick.A Urus is one of the hardest vehicles to get right now. He isn’t getting the short end of the stick. They retail for $275K and have been selling for double in some states.
I saw that the prices were all over the place. I know it's not the cool thing to say but Urus would be more practical to have. The Revuelto while the cooler of the two is going to be a pain in the ass as a daily driver but I'm not 20 years old anymore either 🤣.A Urus is one of the hardest vehicles to get right now. He isn’t getting the short end of the stick. They retail for $275K and have been selling for double in some states.
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