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Guy Chiattello Guy Chiattello is offline
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Join Date: Sep 2002
Location: Cedar Falls, IA
Posts: 212
Widebody 911
Here is our web site: http://www.reachmin.com/index.html

There are a lot of Reach ministries on the internet, so it's hard to find.
I will get it on the flash site

Also, regarding the federal income tax. You are right. The winner will have to pay tax on the tax, which would be about $1,875 for a 25% marginal tax bracket. There would also be state tax in some states.
The IRS has recently taken the position that if the winner doesn't pay the Federal Tax on the winnings, the Charity will have to pay. We thought it would be best to pay the Federal tax at the outset.
Old 07-21-2006, 12:31 PM
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