[quote=earlyretirement][quote=flu]Well it’s not too late for the ronald mcdonald house of charity… http://sdraffle.com/Overview.aspx
🙂
Might put me in RSF….or not… Oh wait, heavens forbid if I were to win the house, I’d still need to pay taxes on it… never mind…
Oh well.. Ok, need to go work smarter/harder now….
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Ha, ha. Funny. I bought a few of those tickets. I figured it was a good cause no matter what. If I won, I’d definitely take the cash. Although that house looks really beautiful. (Did you get in on the early bird round flu? I did! 😛 )
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Actually, I didn’t buy any…In fact I never buy a lotto ticket for myself… In all seriousness, I never thought it would be “earned” income if I were to win anyway, so it’s not exactly something I would be proud of…Hence, it would be a waste of money for me… I would buy a lotto ticket for other people for fun, not myself..
The interesting thing about the ronald mcd charity is it’s interesting how it works. The house being “gifted” is actually someone’s house. I think what happens is someone would normally sell a house, but instead opts to do be the prize for mcd charity… The charity gives a free promotion to the house, but rarely do they sell enough tickets to actually make good on the buying the house. And most people ,even if they win, wouldn’t take the house anyway, because they would have to pay taxes on the house, and I’m pretty sure most people wouldnt’ be able to afford the taxes on it. So what ends up happening is the winner gets takes the cash price (which is considerably less), the owner of the house gets a free promotion on the house (and houses like these don’t sell quickly anyway), and ronald mcd get’s its promotion of a raffle….In fact, if this were for profit, I’m pretty sure ronald mcd would actually make money off of these raffles…Just saying you know….Unfortunately, buying these raffle tickets has a huge disadvantage…They aren’t tax deductible…Better off just really donating to the charity (with no returned benefit) and getting the tax deduction..At $150 a raffle ticket (use to be $100), a little to rich for my blood if I don’t get any tax benefit…
