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Old 06-20-2011, 06:21 PM
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ZOERA-SC7XX ZOERA-SC7XX is offline
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Join Date: Mar 2005
Location: Meriden, CT
Cobra Make, Engine: ERA 427 SC s/n 718, 428 FE
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If you're banking on 'winning' a Cobra in a raffle, you're dreaming. Lottery players spend thousands each year and don't win a thing (and if they do, it's a fraction of what they spend). Get real, and get to work, because the only way you're gonna get a Cobra (if you don't already have the cash) is hard work. As far as taxes go, just pay up in the beginning so you don't have to worry about somebody knocking on your door or confiscating your cars. The IRS taxes any 'winnings' as income, and you know what that's about. Don't forget property tax, which many states or cities tax your car on its perceived value every year. This is in addition to state sales tax, which you pay when you register your car. Good luck.
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