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PTADO
Member
JenniferQ
Active Member
Well, twice ...so far.
Happy to help support the cause!
Thank you, @ThisIsTrue! Just to clarify, the once in a lifetime opportunity is the chance to get an early M3 reservation.
Though perhaps in future years we'll be able to offer the opportunity to get an early Model Y reservation, or Roadster 2, or Pickup - or Semi!
Jason Bourne
Member
I think I've gotten lost in all the legal jargon. So the grand prize winner (along with the car) gets $40k to pay taxes on the car. But does the winner have to pay taxes on the $40k?
The $40k is already "grossed-up" to cover the additional taxes due by paying the taxes. (And unless you are in the 25% tax bracket you would get some of that money back when you file your taxes.)
In case everyone missed it, the Model 3 reservation is an early one that can be transferred to the winner. Two individuals donated their spot in line and with a great Tesla hookup, permission was given to transfer their spot. Basically if you are 500,000 in line you are now more like 40,000.
Come on Ticket #9
Come on Ticket #9
Jason Bourne
Member
One other question please: The money that CXC raises in this raffle, what does CXC use it for? Lobbying Massachusettes policy makers? Advertising?
Is CXC's scope only within Massachusettes?
EDIT: nevermind, I found the info on the site
CXC’s net proceeds will be used to fund its charitable and educational purposes, which are focused on education and advocacy for the enactment of carbon-pricing legislation here in Massachusetts. 100% of the net will go to this purpose.
Is CXC's scope only within Massachusettes?
EDIT: nevermind, I found the info on the site
CXC’s net proceeds will be used to fund its charitable and educational purposes, which are focused on education and advocacy for the enactment of carbon-pricing legislation here in Massachusetts. 100% of the net will go to this purpose.
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Jason Bourne
Member
Buried in the Legal Details section of the site:
Odds of winning depend on the number of tickets sold. If the maximum number of tickets are sold the odds of an individual ticket winning one of the 6 Prizes will be 1:416. If the maximum number of tickets are sold the odds of an individual ticket winning the Grand Prize will be 1:2499.
The odds of winning a prize that has a Tesla vehicle component — Grand Prize, Second Prize and Third Prize — are 1:832.
Jason Bourne
Member
swaltner
Active Member
The various aircraft groups (AOPA, EAA, possibly others) each tend to give away airplanes in yearly raffles. Sometimes, these are new (potentially $400k or more) light aircraft, but most of the time, they are ~30 year old airplanes that have been meticulously restored (still worth on the order of $100k). I can't find it right now, but there was an article that AOPA published where they went through the aircraft registry database and tracked down most of the aircraft that they had given away in the past. Only a couple were still owned by the winner of the raffle, with many being sold within a year of the prize being awarded to allow the winner to pay off the huge tax liability of winning the grand prize. While they no longer owned the airplane prize, they did pocket the cash difference between the market sale price and the tax liability on the claimed value of the airplane when it was awarded.
I'm 1:2,499 certain that I will win the Model S grand prize, so paying the tax liability wouldn't be a shock for me on the 4th of July. Since you're graciously paying the taxes already, I will need to think of something else to do with that cash that I set aside to pay my tax liability on my NEW CAR.
While our mission is primarily focused on Massachusetts, recently our team is coordinating what we have named the State Carbon Pricing Network, sharing information and experience with 17 state carbon pricing campaigns: policy analysis, training, skill building, a forum to share ideas and more. See State Carbon Pricing Network - Climate XChange for more.
I think Catherine and Al Nierenberg would tell you that their car from last year is legit and 100% authentic. The drawing was also on a live stream.
Here is the 33 page thread that is mainly about the last drawing but has some of the new info The Perfect Tesla Raffle
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