I know if you buy a boat you pay 4.25% state tax and then you pay a local tax either to the county or city...but if it's considered a contest win then it will fall under the same laws as winning the lottery from what i read, just like winning a car....it could very well be interesting how it's handled...
Why yes i paid cash for my boat, motor and trailer.... I couldnt get a loan if i needed one as i have no credit found that out when i went to cosign for my daughter...Ummm Mr Phillips you have no credit im sorry..because you dont owe anyone any money all your accounts are paid off....