Sheep raffle

SS! · Mar 3, 2023

This site seems to be full of suckers, here’s a raffle for you:

Dall Sheep Hunt Raffle

Visit the post for more.

aksafariclub.org

Tag is transferable. It has sold for 170k in the past

Gadjet · Mar 3, 2023

SS! said:
This site seems to be full of suckers, here’s a raffle for you:

Dall Sheep Hunt Raffle

Visit the post for more.

aksafariclub.org

Tag is transferable. It has sold for 170k in the past

I'm definitely one of those suckers! Especially the stone raffles!

SS! · Mar 3, 2023

Gadjet said:
I'm definitely one of those suckers! Especially the stone raffles!

Me too! And good luck!

BuzzH · Mar 3, 2023

I'm tempted, would like to hunt the Chugach with Dan Montgomery again.

Wapitiwilly · Mar 3, 2023

Me three!

publichunter1 · Mar 3, 2023

On these kind of raffles, I'm assuming if you win it's treated like winning the lottery where you have to pay taxes on the value on everything you received. Does anyone know if that's correct?

SS! · Mar 3, 2023

publichunter1 said:
On these kind of raffles, I'm assuming if you win it's treated like winning the lottery where you have to pay taxes on the value on everything you received. Does anyone know if that's correct?

Not sure. But I know someone that won a desert sheep hunt at the hunt expo and the taxes were 15,000.

publichunter1 · Mar 3, 2023

Yeah, I assume it is. I love the thought of winning a hunt like this but know you are going to be paying somewhere around 24-37% of the overall package value to federal taxes and plus your state tax value.

This package seems to be around $40k total so that's 10-15k plus state taxes.

It's worth it but definitely something to think about before putting in.

BuzzH · Mar 3, 2023

publichunter1 said:
Yeah, I assume it is. I love the thought of winning a hunt like this but know you are going to be paying somewhere around 24-37% of the overall package value to federal taxes and plus your state tax value.

This package seems to be around $40k total so that's 10-15k plus state taxes.

It's worth it but definitely something to think about before putting in.

I cut that check all.....day.....long.

But, you're right, its not a "free" hunt.

publichunter1 · Mar 3, 2023

You and me both, but just wanted to remind people before applying that's part of the deal.

Marriages have ended over way less. Ha

BuzzH · Mar 3, 2023

publichunter1 said:
You and me both, but just wanted to remind people before applying that's part of the deal.

Marriages have ended over way less. Ha

Like one of my best friends said years ago, "Any woman that tries to change me, is going to find out the only thing that will change is my choice in women"...

SS! · Mar 3, 2023

I bought a few tickets, since I’m dreaming if I win I’m going to give the tag to my sheep hunting partner. The chugach is a special place for us and he’s never had a tag for it.

LivingTheDream · Mar 3, 2023

publichunter1 said:
On these kind of raffles, I'm assuming if you win it's treated like winning the lottery where you have to pay taxes on the value on everything you received. Does anyone know if that's correct?

Not necessarily, its kind of complicated. There is a bit of a loop hole, were in order to have to pay taxes the prize has to be 300x more valuable than the ticket. So like a 100 dollar ticket to win a 30k hunt...pay the tax, 200 dollar ticket to win 30k hunt...all good. I forget the actually IRS code.

publichunter1 · Mar 3, 2023

LivingTheDream said:
Not necessarily, its kind of complicated. There is a bit of a loop hole, were in order to have to pay taxes the prize has to be 300x more valuable than the ticket. So like a 100 dollar ticket to win a 30k hunt...pay the tax, 200 dollar ticket to win 30k hunt...all good. I forget the actually IRS code.

That’s interesting. I haven’t heard that one but I’m no tax expert. In this case it would be worth more than 300x the ticket costs so taxes would be due.

LivingTheDream · Mar 3, 2023

publichunter1 said:
That’s interesting. I haven’t heard that one but I’m no tax expert. In this case it would be worth more than 300x the ticket costs so taxes would be due.

I think there was a caveat that the raffle had to be by a tax exempt non profit in good standing. Just as a disclaimer: not an accountant, not financial/tax advice.

For this one you are definitely paying the taxes. Though you could make the argument the tag isn't worth all that much but it would be the extras that got you.