| Author | Message | ||
     Firstbuell |
".....Now through November 10, 2014 qualified contestants can enter to win their own 2014 EBR 1190RX courtesy of AMSOIL INC. The official drawing will take place December 1, 2014. People can register to win the EBR 1190RX at www.amsoilracing.com/buildinglegends....." http://www.roadracingworld.com/news/...esy-of-amso il/ | ||
| Rex |
Neither directories could be found..... | ||
| Reepicheep |
Huh! Worked for me earlier tonight, not working now. | ||
| Mmcustoms |
http://www.roadracingworld.com/news/your-chance-to -win-an-ebr-1190rx-courtesy-of-amsoil/ | ||
| Hughlysses |
Here's a link directly to the contest entry at Amsoil: http://amsoilracing.com/buildinglegends | ||
| Rex |
Thanks, REX | ||
| Ak_addict |
One less chance of you winning  Thanks for posting! | ||
| Figorvonbuellingham |
Next December? Kinda stretching out the drawing aren't they. | ||
| Panhead_dan |
So how much would the taxes be on a $20,000 gift? $7000? | ||
| Hybridmomentspass |
In NC vehicle tax is 3%, so 570 on a 19k bike | ||
| Jdugger |
plus 33% federal income tax on that! | ||
| Lynrd |
Yes, that's way too much. You shouldn't enter.  | ||
| Ourdee |
Better yet, you win it and I'll pay the taxes, as the purchase price for the bike from you.  | ||
| Lynrd |
Well, that certainly seems fair. | ||
| Ourdee |
If I win it, I've been thinking of laying the plastics out on a tarp and throwing random colors of paint all over them. Then putting them back on. Knowing my luck it will have a special graphics package I won't want to ruin. Wonder if I could get on at EBR working Fridays and Saturdays to make an extra $20k this year? Erik, Need anything? | ||
| 2008xb12scg |
Would you guys stop entering. The taxes are going to kill you!! And you're messing up my chances lol | ||
| Slaughter |
Yah - what HE said ^ | ||
| Noone1569 |
Amsoil dealer's can't win =( Boo. | ||
| Classax |
Gents and Ladies, as you are aware there are serious tax implications to entering and winning this contest. In addition based on the work of a "respected moto journalist"(Lol urh mmm... all most said that without laughing) here http://rideapart.com/2014/01/11-reasons-why-you-do nt-want-a-literbike/ I advise should any of you be so unfortunate as to be saddled with the headache of a shiny new 1190RX, in an act of kindness seldom seen anymore, I shall at great personal sacrifice, be willing to relieve you of said bane, free of charge. No.. No, No need to thank me, helping to liberate my fellow man from the woes of such an ill twist of chance, is thanks enough. (Message edited by Classax on January 29, 2014) | ||
| Hootowl |
Thanks for taking one for the team. You are one hell of a human being. Your offer of sacrifice demands that I honor your commitment to your fellow man by trying to win that bike. Although, I reserve the right to change my mind about letting you jump on the grenade when the time comes. | ||
| Hughlysses |
^  | ||
| Ljm |
Just so you guys know, I entered to win four bikes this year and I am going to win them all. Don't bother to enter. | ||
| Classax |
Hootowl- I have every confidence that if and when the time comes, you will make a 'wise' decision and do what is best for ME..... in my efforts to allay some poor soul of the sorrow, grief and utter frustration of winning and living with an 1190RX. It will be tough, but I am of the firmest conviction, that it is the right and noble thing to do. Because I like you, I shall make every effort to spare you all this terrible problem, by winning it myself. | ||
| Phlegm |
I don't know why I'm excited about this lol. | ||
| Wolfridgerider |
still waiting on my phone to ring.... | ||
| 1313 |
Might have to wait awhile... "Winner Notification: Prize winners will be notified by email or phone on or before December 15, 2014." | ||
| D_adams |
Sure, but wasn't it supposed to be drawn today? You'd think there would have been _some_ form of an announcement about it. | ||
| J2blue |
Oh, you guys, just forget about it, I know they picked my winning number! | ||
| Classax |
My offer for tax relief still stands | ||
| D_adams |
So did they forget about the drawing and actually giving me this bike? Not a single blip anywhere about it except here. Nothing on their FB page, no updates on their blog since maybe July. | ||
| Froggy |
They probably lost my phone number and are still looking it up | ||
| Badgerbueller1125 |
Has anyone tried contacting them? | ||
| Badgerbueller1125 |
Actually if you look at the rules of the sweepstakes, it doesn't say anywhere that the winner would be publicly announced. 13. Winner’s List: For the names of the winners, send a first-class, self-addressed stamped envelope to: AMSOIL Building Legends Sweepstakes Winner’s List, P.O. Box 3000, Dept. 967-702, Young America, MN 55558-3000. Requests must be received by December 15, 2014. | ||
| Panhead_dan |
Maybe we should all chip in on the stamp? I would like to know who won it.  | ||
| 1313 |
Point: Actually if you look at the rules of the sweepstakes, it doesn't say anywhere that the winner would be publicly announced. Counterpoint: "7. Releases: Except where legally prohibited, winners grant (and agree to confirm that grant in writing) permission to Sponsor and those acting under its authority, the right to the use of his/her name, picture, likeness, voice, biographical information and statements, at any time or times, for advertising, trade, publicity and promotional purposes without additional compensation, in all media now known or hereafter discovered, in perpetuity, worldwide, including the Internet, without notice, review or approval. Grand Prize winner will be required to complete, sign and return an Affidavit of Eligibility, a Liability Release, and where lawful a Publicity Release within seven (7) days of receipt of notification. If documents are not returned within the required time, or if the prize notification or prize is returned as non-deliverable, or if a winner is found to be ineligible or otherwise not in compliance with these Official Rules, prize may be forfeited. Grand Prize winner will be issued an IRS 1099 form for the retail value of the prize." Legal mumbo-jumbo, but apparently it's possible that they could at sometime. I'm not a lawyer, nor did I spend last night at a Holiday Inn Express... 1313 | ||
| Phlegm |
Well it wasn't me. I asked on their facebook page and they said the winner had been notified. I assume they actually call the winner and not just send some snail mail. | ||
| Court |
I'd put odds on it going to a person who has never owned or ridden a motorcycle. I got an interesting lesson in how these contests work when my parents won a trip to the Super Bowl. It'll be fun to see. Buell " prizes" have never worked out well and seldom had the desired marketing effect. | ||
| Ezblast |
I dunno - those Blasts for Playboy Bunnies worked out pretty well. EZ | ||
| Ourdee |
I better check my answering machine. Oh, well. Erik, I'm still available Fridays and Saturdays. | ||
| Hughlysses |
Well, at least Indian sent me an e-mail yesterday telling me I didn't win a new Scout. | ||
| Crusty |
They didn't send me one. I guess they think that I'm not worth the effort. | ||
| Hughlysses |
Erik posted a video today congratulating the winner: Mark Smith of some place in California. If you're on Facebook, this link may work: https://www.facebook.com/video.php?v=9811790018940 92&set=vb.115742325104435&type=2&theater | ||
| Firstbuell |
Congratulations to all of the Building Legends winners! Grand Prize: EBR 1190RX MSRP $18,995 Mark Smith of Temecula, CA First Prize: Motorcycle helmet autographed by Erik Buell Corey Ellis of Prescott, AZ Second Prizes (3): AMSOIL leather jacket David Stilwell of Wichita, KS Vance Johnson of Rhinelander, WI Glen Maxwell of Evansville, IN | ||
| M1combat |
Dammit... So close!!!! | ||
| Froggy |
http://clasificadoslosangeles.univision.com/Motorc yclesForSale/eric-buell-racing-1190rx2014/49284404 Likely is the same guy. Looks like he is selling it | ||
| Dmhines |
At least it doesn't say Will Trade for Ducati! | ||
| Hughlysses |
I guess he hasn't seen the latest sales promotion flyer. Of course, the IRS probably hasn't seen the flyer either and will expect a check for the taxes based on his "the dealer paid for it" price. | ||
| D_adams |
Classic. Won by someone that didn't even want the damn bike. Why do people even enter into contests like this if they don't want the prize? | ||
| 1125cr |
"Nicest crotch rocket I've ever seen." | ||
| Froggy |
Here it is on craigslist too, still no pictures http://inlandempire.craigslist.org/mcy/4829822880. html
| ||
| Classax |
Wow number 10! I wonder why only a 1 year warranty, my bike clearly states two. | ||
| Dmhines |
How do you know he didn't want it?? I believe I entered that contest like a year ago but then ended up buying one .. so if I had won it ... I would have sold it also ... don't need two of them. (Message edited by dmhines on January 13, 2015) | ||
| Classax |
I called him up. He definitely WANTS it, life and priorities however are apparently dictating that "he sell it in order to take care of other responsibilities." He's firm on the $17k.. we will see how long that last. | ||
| Dmhines |
Unfortunately Serial #10 may have some issues that need resolving ... wonder if the pulled that from returned dealer stock or still had it sitting on the factory. | ||
| D_adams |
I'd have kept it. I don't exactly have room in the garage now with 4 bikes, but I'd have found a way. | ||
| Hootowl |
Given that he said it has never been 'driven', I suspect riding motorcycles is not his thing. | ||
| Ourdee |
Hasn't rode it. Needs kicked in the crotch rocket. | ||
| Dennis_c |
I called him up to last night he still wants $17,000 will not come down. I tolled him to look on the EBR sight and how much they were that he will never get that much out of it so he hung up on me did not even say by. | ||
| Hughlysses |
He's kind of in a fix with that. Uncle Sam will want him to pay taxes on full retail price, but he won't be able to sell it for nearly that much. A LONG time ago (late 1980's?), a co-worker of mine won a Suzuki Samurai (mini-Jeep) in a contest shortly after those were introduced. Unfortunately about the same time he won the vehicle stories were coming out about how these things were prone to rolling over, and their retail value plummeted. Dealers were having to discount new ones heavily to sell them. My co-worker "heard from a friend" that the IRS would only tax him on what he sold the vehicle for. He sold it for about 60% of the retail value, used his earnings to pay off a loan on his primary car, and donated most of the remainder to his church since he wanted to share his good fortune. When tax time rolled around, he wound up having to take out a loan to pay the taxes on the full value of the Samurai! He was NOT a happy camper. | ||
| Froggy |
Well 8% at $20k is still only $1600, I don't know what the tax rate is where he is, but even if he sold it for $10k or $12k he would still have a fat wad of cash even after Uncle Sam takes his cut. Pic semi related  | ||
| Court |
8% ?? The value of the "prize" is "ordinary income". If the guy is in a 28% tax bracket he's on the hook for about $5,000. | ||
| Jdugger |
Plus state tax plus 7% self employment tax. In California ordinary income tax nets to about 50% | ||
| Court |
To be clear . . .you pay SALES TAX on something you PURCHASE with earned funds that have ALREADY been taxed. When you get a gift . . . it is not a SALE . . it is a GIFT. . . it is INCOME (just like your paycheck) and you pay income taxes, , federal, state (and in my case NYC) One of the downsides is that the taxable amount, in this case, would be the "total cost to put in service . . . MSRP + Freight + set-up) and you'd loose the benefit of this like talking the dealer down $4,000 and waiving the freight and set up. The "winner" doesn't get to choose the taxable amount. | ||
| Court |
By the way . . . when I was doing, while a contractor, IMS shows and so forth, as a Customer Advocate, for Harley-Davidson . . it's the reason I never let them "give" me anything . . . but I bought some motorcycles for $1 each in an "arms length" transaction where the buyer and seller agreed on a price. | ||
| Buelliedan |
it is quite common for winners on "the price is right" to never claim their prizes once they learn how much taxes they must pay. The show is in CA so they must pay both federal and CA taxes before they can take the prizes home. If you win a car it is normal for you to owe at least $10,000 and more. | ||
| Court |
Precisely the reason . . . .(and, yes, there was a time in history where you could "gift" someone into bankruptcy) that one of the several legal elements that distinguish a GIFT is that it much be RECEIVED by the person getting it as a gift. There are others such as it has to be INTENDED by the giver . . . and others. Like some of the amazing areas of torts, specifically negligence, there are some hilarious, distressing and alarming cases in the books. I once had a Professor who was asked . . . "what's the difference between negligence, ordinary negligence and gross negligence?". He scratched his head for a moment and said . . . "Do you understand the difference between a fool, a damn fool and a xxx damned fool?" Things . . at that point. . . were clearer. It's not as juicy a deal as it may appear. |
