Quote:
Originally Posted by pony
I'm sure a tax expert can explain why, but the whole thing sounds fishy when you have to pay 25% income tax to the school prior to receiving your "prize". I can understand the TTL but anything else seems like it should be the responsibility of the school!! Being a non-profit organization, they probably are not paying taxes on their share anyway. PLUS this year they don't even have the Car in hand...it's a certificate to order one.
|
Yes, that is why I didn't buy a raffle ticket.