My wife and I routinely donate to St. jude’s. And we got this in the mail Today. Win a Dream Home!
But I’ve been wondering if there was any hidden Taxes involved. So, I unfortunately looked it up. And Yes, therefore there are. More than I expected.
Everyone wants to be the Winner of a new Dream Home. And with only a $100 per Ticket cost, it’s hard not to resist the purchase for a chance at a Great, New Home. And all the money going for a Great Cause!
But then, the TAX MAN COMETH! And if you cannot pay His hefty Cost, the Deal is Off! October 21, 2016
But look at 2022 and now, 2023!
After maxing out her credit card to get fifty $100 raffle tickets for the home drawing, Tanner ended up winning the grand prize of a $550,000 home in Aurora. But because she can’t afford the $180,000 in taxes, Tanner may have to forfeit the prize.
With respect to any prize with a value of more than $5,000, the Internal Revenue Service requires St. Jude to withhold federal income tax at the rate of 24%, or current rate as established by the IRS, and the winner must pay the amount of tax to be withheld to St.
https://www.stjude.org/give/dream-home/faq.html
St. Jude told us around 70% of the winners turn around and sell their homes for a profit. The other 30% will move in. The spokesperson tells us this is the average from the last three years.
Taxes, Taxes. Taxes! It’s just not fair! Where ain’t you Congresses? I know where! Not paying Attention for sure. I’m sure that if there weren’t any Taxes to pay, many more Giveaways for Charities would occur. This is completely Unfair!
Example? Up to a set amount of Winnings, you don’t get charged for Taxes on the Lotteries#!!!
I once had 5 of 6 numbers on the Lottery. And I got so much and there wasn’t a charge of any kind of TAX. WHY? A lot of us hit 5 of 6 and wasn’t that much. But why NOT charge on smaller Amounts and then shaft everyone on a Dream Home?
It makes absolutely no sense. Why? Most have never NOTICED!
In Texas and in Washington, Laws MUST be written that allows the Winner of all Charitable Dream Home or Dream Car Giveaways will NOT have to pay any TAXES! NO FEDERAL TAXES, NO INCOME TAXES, NO STATE INCOME TAXES, NO REAL ESTATE TAXES on the Giveaway! Even if it is a Car or Home or Whatever! No Taxes at all! New Home to the Winner without any chimmering.
Is the State of Texas or Your State and Uncle Sam so uptight to destroy our Joys with Taxes in moments of Sheer Happiness, then something is very much bent out of shape. And it’s because you never cared to Voice your Disapproval!!! Why? You never won a Dream Home or a Dream Car, have we?
But share this Blog Post if you want to Voice your disapproval. I hope it awakens Legislators too.
Taxes steal Our Joy and when our purchasing Tickets for Good Charitable Causes should never come back to bite anyone in their pocketbook. NEVER if you win! I say Never!
TEXANS HATE GETTING SHAFTED OVER BY ANY TAXES!
AND TEXAS PROPERTY TAXES are stinging all of us now. I just got my Tax Appraisal and it’s an $18,000 increase! Over last year in 2022.
Some had a 53% increase in Appraisal Value. That’s a shame.
thelivingbreathingjamesbrown.com 
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