Man wins LP640, crashed it the same day
 

http://www.blogcdn.com/www.autoblog....mbo-winner.jpg


Edit: Some pics of the damage
http://carphotos.cardomain.com/story...0003_large.jpg
http://carphotos.cardomain.com/story...0004_large.jpg

Totalled it on purpose?? :suspicious:

Jalopnik's saying the guy probably totalled it on purpose.

He tried to sell it to Jay Leno on his facebook page, claiming it would've cost him $10k in taxes, plus he put his house as collateral for the taxes in order to claim the prize.

100k in taxes, not 10k.

Man who crashed Lamborghini six hours after winning it asked Jay Leno to buy it

I don't know why its that much, but thats bullshit.

I lol'd

then

I cried

Somebody gonna get hurt a real bad

if he really did it on purpose.

not sure if serious..

cuz in the states winnings are taxed.. so by winning that car he pretty much got put in the highest tax bracket..

It's 100K because the value of the prize is considered income. So using simple numbers, if his salary is 50K, the car is 250K, and the income tax % for that bracket in his state is 33.3%, he would owe 100K in taxes.

I couldn't care less about the math. That kind of taxation is brutal.

If the 99%'ers had their way, the tax percentage would be even higher.

ya that fuckin sucks for that dude. thats why so many US lotteries are like $200,000,000 to cover the damn taxes when you win. its not like that in canada.

Apparently a lot of contestants on the price is right dont claim their prizes due to the tax issue too.

you're right. I had a friend (who lives in the states) win an Audi at the casino and he paid about $20,000 in taxes. Still a lot less than the car but still

There's clearly snow and frost on the ground around his neighbourhood before he even took it out, and it's covered with snow after. Doubt it had snow tires. Maybe not such a great idea to take a lambo out in the winter.

Just a crazy thought. :rolleyes:

Are US taxing them by percentage or it's pretty much random numbers?

Does Canada do this or what?

its depends what tax bracket your income falls into.

For example.

In Canada, our lotteries are tax-free meaning if the jackpot/grand prize is $1 million dollars, the winner would be awarded $1 million. In the US, the winnings are taxed so the winner only retrieves a the amount after taxes are calculated.

US and Cdn tax are crazy for middle class. I know a white dude from LA now working at an accounting firm in Beijing, he makes about $20K usd per month. It sounds awesome, but he told me after getting taxed by both governments he only gets $3K usd in real to spend on food and expenses. 3K is still a lot in China, but you could imagine

Then he's an idiot and is doing it wrong... Canada and US have a treaty to prevent this. Ur friend needs to talk to a tax consultant - if he's living in china, he wouldn't pay Cdn taxes (as a non resident), US taxes citizens on worldwide income, but I'm sure there's some kind of provision to prevent dbl taxation.

And to all those spouting about taxes - unless you know about US and canadian tax law, just say nothing, there are pros and cons to both systems, but net, both are good systems generally (although you will tend to pay less tax as an individual in the US)

Truck driver? :badpokerface: Father of 6? :fuckthatshit:

^ he's an accountant for sure he knows far more than I do, this is just what he told me when we hang out. I know Canadians can claim as non-resident, that's what most vancongers have gone through when moving back to Asia, but there are people I know who prefer to keep the status to get benefits.

Its December 21st and you just won a Lambo today. are you going to park it for the next 6 months and sit in it making "vrooom vrooom" noises or are you going to take it for a burn?

Being an accountant != having good tax skills, and sounds like these 'benefits' to maintaining resident status is costing him...

dumb ass

um no, the winner will get $1mill-2nd place prize-3rd place prize.

Day like today, mild temperatures, not even wet ground...sure why not. Frost and snow? Probably not the best idea. ;)