I seriously doubt they would be paying any taxes on the at $100k. Without a doubt there racing expenses way out strip any income they may gain from winnings.Let’s see 28k for taxes. That leaves a mere 72k and that is put right back into the race funds. Pretty simple.
Buy a Penhall fab car. You won’t be sending his kids to college, haha I would call Penhall and tell him the budget just got a bonus and finish my new 5 car rite away instead of making payments on my $6 hr salaryI would like to see the college pamphlets from the schools I would be sending Jake Johnson's kids to when I order a new car....
I attended as a spectatorI went on the Genright tour of the Hammers run on Saturday. The Pelligrinos are amazing people. I asked Tony if a top of the line Ultra4 car costs as much as a Trophy Truck. He said a Mason AWD cost around $800k & that was how much they had into Jordan's new Ultra4. Crazy.
Cost analysis- 250 mile race in San Felipe- 2 weeks pre-running- Hotel Rooms and Restaurant costs- Fuel and time off work- Race day 1 month later and costs for crew and purse for 1st= ?
250 KOH race- 2-3 days pre-running- Trailer/Motorhome camping and BBQ- Time trials and race same day- $100.000 Purse![/QUOTE You just qouted the budget for watching the prerunning and race not racing it. $100k will be gone in prep for the next race.