I MUST be living right!

TedH · Post by **TedH** » Wed Oct 03, 2007 4:49 pm

Last week will go down in history as one of my luckiest ever. I'm sure some of you are aware of the Levergun Postal Match that Ranch Dog puts on every year. I sent in a few of my sorry targets and ended up winning the Grand Prize of a Hog Hunt on his Texas ranch.
While I was still absorbing the news of my good fortune, I received a FedEx overnight letter from New York. Some of you may recall the African Safari Sweepstakes that the NRA put on a while back. Well I didn't win the Grand Prize of the African Safari, but I did win the First Prize. A cased Krieghoff Classic Big Five double rifle in 470 Nitro Express with a Schmidt and Bender scope!

I was so excited about my streak of luck I ran out and bought some lottery tickets, but my luck apparently ended with the rifle.

The only down side is the fact that I will probably have to sell the rifle just so I can have the cash to pay the taxes on it!

But I guess I'll deal with that when the time comes.

BlaineCGarverakaTubbyTuba · Wed Oct 03, 2007 4:51 pm

YeeeeeeeHawwwwwwww

TedH · Post by **TedH** » Wed Oct 03, 2007 4:52 pm

By the way, news of winning the rifle is what prompted me to remove the Ruger #1 from the market.

kimwcook · Post by **kimwcook** » Wed Oct 03, 2007 4:58 pm

You lucky dog. I can't win a free trip to the bathroom.

I'd do whatever to keep the Krieghoff. It's something I'd probably never be able to afford myslef, or willing to buy with my hard earned dollars. Pass'er on down Daddy.

Pictures, man, pictures!

TedH · Post by **TedH** » Wed Oct 03, 2007 5:04 pm

This is the best I can do for pics. The rifle won't be here for 6 weeks.

http://www.krieghoff.com/index.php?opti ... Itemid=170

Old Ironsights · Post by **Old Ironsights** » Wed Oct 03, 2007 5:18 pm

I now officially hate you.

jazman · Post by **jazman** » Wed Oct 03, 2007 5:21 pm

Man, good stuff, you must be doing something right to have great karma like this. Whatever the tax is on that baby pay it, how often does something like that come along? Looks like a heck of a shooter! Congrats.

JReed · Post by **JReed** » Wed Oct 03, 2007 5:44 pm

Do what you can to keep that puppy that is just something you wont see every day let alone own yourself.

Hey you could take it on the hog hunt you wouldnt be underguned

.

Mike D. · Post by **Mike D.** » Wed Oct 03, 2007 5:46 pm

Way to go, Ted! As I always say, someone's gotta win, but it's never me.

steveb · Post by **steveb** » Wed Oct 03, 2007 5:47 pm

CONGRATS TED!!!

hfcable · Post by **hfcable** » Wed Oct 03, 2007 6:04 pm

amazing luck! wonderful.

Rusty · Post by **Rusty** » Wed Oct 03, 2007 6:14 pm

You could take that rifle on tour. I'd pay to shoot it. Then you could deduct the traveling expenses as a business expense. Leave it up to us, we'll have you in the poor house in no time.

Rusty <><

1886 · Post by **1886** » Wed Oct 03, 2007 6:33 pm

YOU LUCKY DOG! GOOD FOR YOU. I JUST LOVE IT WHEN GOOD THINGS HAPPEN TO GOOD PEOPLE. NOW SEND ME THAT RIFLE FOR A LITTLE BREAK IN PERIOD. ALL THE BEST. 1886.

WCF3030 · Post by **WCF3030** » Wed Oct 03, 2007 6:54 pm

You lucky son of a gun.
Sell the rifle to pay the tax?
Just how much is the rifle worth?

Oh and I got a Bushnell Banner binoculars from the postal match.
He never did get the scoring right again with my targets, but I still got a prize.

TedH · Post by **TedH** » Wed Oct 03, 2007 7:02 pm

WCF3030 wrote:You lucky son of a gun.
Sell the rifle to pay the tax?
Just how much is the rifle worth?

They claimed an approx. retail value of $13K, which I believe will make the tax something over 3 grand.

Griff · Post by **Griff** » Wed Oct 03, 2007 7:04 pm

As Titus Bass might have said, "That's SOME!"

Post by **Hobie** » Wed Oct 03, 2007 7:09 pm

That's great news. As 1886 said, it is good to hear of good things happening to good people.

J Miller · Post by **J Miller** » Wed Oct 03, 2007 7:11 pm

Second mortgage .....
First mortgage .....
Sell the car......
Slave out the kids ......
Work three jobs .......

But oh my goodness, keep that rifle. I'd wet myself if I ever won anything like that.

Joe

WCF3030 · Post by **WCF3030** » Wed Oct 03, 2007 7:11 pm

TedH wrote:
WCF3030 wrote:You lucky son of a gun.
Sell the rifle to pay the tax?
Just how much is the rifle worth?
They claimed an approx. retail value of $13K, which I believe will make the tax something over 3 grand.

Yep I'd have to sell it too.

mod71alaska · Post by **mod71alaska** » Wed Oct 03, 2007 7:14 pm

Congrats, Ted!!! That's the ultimate plinker! I hope you can find a way to keep it. Good thing you won the Krieghoff this year before the Dems raise our taxes!

KirkD · Post by **KirkD** » Wed Oct 03, 2007 7:37 pm

Congratulations!! Now I'm giving myself the boot to the backside for not sending any targets into Ranch Dog's postal match. I'm sure a number of other fellows are as well.

Don't sell the fancy rifle!! Sell your Ruger so you can pay the taxes on the fancy rifle. You can get another Ruger any day.

Griff · Post by **Griff** » Wed Oct 03, 2007 10:17 pm

Heck, I just went and looked. I won a Marlin Folding Knife. Cool beans!

My wife will probably return it thinking it was something else I ordered!

I saw some other names I might recognize there!

DennisB · Post by **DennisB** » Wed Oct 03, 2007 10:37 pm

Just a thought on the tax.....I donâ€™t know when the tax is actually incurred but I wonder if you waited until January to take possession of that beauty if it wouldnâ€™t go on next years taxes giving you over a year to deal with the tax issue instead of just a few months.

FWIW

Dennis.

cas · Post by **cas** » Wed Oct 03, 2007 10:39 pm

When I saw those prizes listed I though to myself.. "I'd rather have 2nd prize". While the African Safari is a once in a lifetime type thing, that rifle could be for many lifetimes. Your great grandchildren could still be enjoying it long after you're gone. (assuming you want it and can keep it)

TedH · Post by **TedH** » Thu Oct 04, 2007 6:50 am

KirkD wrote:
Don't sell the fancy rifle!! Sell your Ruger so you can pay the taxes on the fancy rifle. You can get another Ruger any day.

Only problem with that is I would need four or five of those to sell to come up with enough cash. I have a relative that is a CPA, I will talk to her and see what my options are with the taxes.

KirkD · Post by **KirkD** » Thu Oct 04, 2007 7:25 am

I don't know what the law is there, but in Canada, any winnings are tax-free. Could it be the same in the US?

dr walker · Post by **dr walker** » Thu Oct 04, 2007 9:41 am

Good on you!
Im with Saloon slug you really should consider taking the rifle with you on the hog hunt, that would be cool.
Hopefully you can work away into keeping that rifle.

C. Cash · Post by **C. Cash** » Thu Oct 04, 2007 9:46 am

Sorry I missed your post. CONGRATULATIONS!!!!!!!!!!!!! That is one fine looking rifle. Most of us will never even get to hold something like that.......

TedH · Post by **TedH** » Thu Oct 04, 2007 4:26 pm

KirkD wrote:I don't know what the law is there, but in Canada, any winnings are tax-free. Could it be the same in the US?

Unfortunately, no. It will be reported to the Internal Revenue Service as untaxed income.

Andrew · Post by **Andrew** » Thu Oct 04, 2007 11:29 pm

Find a few good friends, or a bank.

Congrats on the win!

EdinCT · Post by **EdinCT** » Fri Oct 05, 2007 1:28 am

Congrats, I couldn't even afford shells for it, it would have to go to the auction block if it were mine. But it is a once in a lifetime choice think hard about it.

El Chivo · Post by **El Chivo** » Fri Oct 05, 2007 3:54 am

Congratulations!

I'm wondering if you would also have to pay state sales tax on it as well.

13k of income for income tax, plus sales tax to the state. Don't forget anybody!