The Song Fight Bulletin Board

Posted: **Thu Jun 09, 2005 12:47 pm**

A link arrived in my mailbox

http://www.broadjam.com/6pack/

This reminded me a lot of Songfight, except it's a commercial site, has a great bit of flash, and some neat prizes.

I guess you'd have to fling all your production chops in there to stand a chance... Yep. Much like here really.

Posted: **Thu Jun 09, 2005 1:17 pm**

Kamakura wrote:I guess you'd have to fling all your production chops in there to stand a chance... Yep. Much like here really.

Not to mention pay them $10 to submit a song, unlike here. Seriously. Click on one of the "Submit to Challenge" buttons. On the left side is a price list.

Posted: **Thu Jun 09, 2005 1:38 pm**

Also they're run by TAXI. You know, TAXI.

(Though thanks for the link Kamakura. I'm not saying the contest is a bad idea, just that forewarned is forearmed.)

Posted: **Thu Jun 09, 2005 1:42 pm**

Winners are responsible for all taxes, etc. Keep in mind that contest prizes are typically taxed as earnings, not as if it was a sale. So, you win that $10,000 trip, you pay income tax on that baby.

At least Oprah took care of all taxes on those cars she gave away.

Posted: **Thu Jun 09, 2005 4:29 pm**

I thought the whole point of winning was to win, not to pay taxes. In the UK if by some bloody miracle you win the lottery, it's tax free. I just assumed it would be the same over yonder as well.

As to the $10 fee, I didn't get that far, so I guess that's me out unless I start busking, sell my 1st edition Octothorpe, or win the lottery (in which case SF Hawaii is on me).

Posted: **Wed Jun 15, 2005 10:48 am**

Kamakura wrote:In the UK if by some bloody miracle you win the lottery, it's tax free. I just assumed it would be the same over yonder as well.

Hahahahahahahahahahaha. That's funny. Here's some basic info I found.

"For every Lottery prize over $5,000, 32.25 percent is deducted for federal and state withholding. Federal law requires the Lottery to withhold 25 percent of each payment for federal income tax and state law requires that 7.25 percent be withheld for Minnesota personal income tax."

I found it here but I thought I would cut to the chase.

Posted: **Wed Jun 15, 2005 11:40 am**

Yeah, but winning the Lottery is winning CASH, so you're just taking home less. Winning prizes (like a car, or an awesome audio production system) means you get gear, but then have to pay out all that tax, which unless you were planning on purchasing the stuff you just won to begin with, is a huge burden. A friend of mine won a $74k video editing system. He couldn't sell it fast enough to raise the tax monies and ended up paying loads of taxes on something he never needed, didn't really want and couldn't sell.

Posted: **Wed Jun 15, 2005 11:52 am**

roymond wrote:Yeah, but winning the Lottery is winning CASH, so you're just taking home less. Winning prizes (like a car, or an awesome audio production system) means you get gear, but then have to pay out all that tax, which unless you were planning on purchasing the stuff you just won to begin with, is a huge burden. A friend of mine won a $74k video editing system. He couldn't sell it fast enough to raise the tax monies and ended up paying loads of taxes on something he never needed, didn't really want and couldn't sell.

you don't have to accept a prize do you?

Posted: **Wed Jun 15, 2005 2:06 pm**

jb wrote:you don't have to accept a prize do you?

Yes, you do! There will be NO turning down a prize. My god, what would happen to the world if people didn't accept gifts????

Of course, but it's all about expectations and all that. "Ooooo I'm gonna enter this contest and win all the shit". I don't know if they require you to accept the prize in order to "win" the contest...I don't really care at this point so I'll leave the fine print to someone else.

Posted: **Wed Jun 15, 2005 8:59 pm**

So Roymond, please tell me your friend was able to recover his initial investment and sell the equipment for a profit. Even shelling out 24k in taxes, he had a lot of room to make at least something for himself. Obviously I don't know the specifics about the equipment, the market for said equipment, etc., but man there's a 50k gap between taxes and value. I would think there was a buck to be made somewhere there, at least I hope there was.

Posted: **Thu Jun 16, 2005 5:27 am**

I am amazed and frankly shocked. It doesn't seem fair, and makes entering any competition if the prize is not cash almost pointless.

Does it vary from state to state?

Posted: **Thu Jun 16, 2005 6:42 am**

I'd just like to quietly point out that up here in the Great White North all lottery winnings, monetary or goods, are tax free.

Posted: **Thu Jun 16, 2005 7:22 am**

Well, there had to be some consolation

Posted: **Thu Jun 16, 2005 1:31 pm**

Kamakura wrote:I am amazed and frankly shocked.

Me too! I never realised there was such a thing a prize taxing.

All that and, Michael Jackson! What a weird little country!

But how does the prize thing work if you're a resident of the Civilised World and you win a prize in the USA? Can't you tell them to jam their tax up their arse - or will that involve some sort or armed reprisal?

I was a semi-finalist in a country/gospel songwriting competition in Texas a few years ago - now I'm glad I didn't go any further and actually win the $100 first prize.

Posted: **Thu Jun 16, 2005 3:19 pm**

Caravan Ray wrote:But how does the prize thing work if you're a resident of the Civilised World and you win a prize in the USA? Can't you tell them to jam their tax up their arse - or will that involve some sort or armed reprisal?

No that's generally reserved for countries that have something of value that we want to take from them. Clearly you're island doesn't qualify. Besides, England has the right of first refusal anyway.

Posted: **Thu Jun 16, 2005 5:37 pm**

TheHipCola wrote:I'd just like to quietly point out that up here in the Great White North all lottery winnings, monetary or goods, are tax free.

you have healthcare too don't you? motherf@ckers! I'm moving.

Posted: **Fri Jun 17, 2005 9:36 am**

supernipple wrote:you have healthcare too don't you? motherf@ckers! I'm moving.

Hang on dude, it's not all socialism and lotteries. We also have Celine and Bryan.

Posted: **Fri Jun 17, 2005 2:10 pm**

deshead wrote: It's not all socialism and lotteries.

Now there's a song title if ever I heard one, Fightmaster?

deshead wrote: Celine and Bryan

...and there's another one.

Posted: **Mon Jun 20, 2005 5:58 am**

Mr. I-Use-A-Maple-Leaf-As-My-Fucking-Avatar-And-Probably-As-My-Album-Cover-And-Probably-Have-Maple-Leaf-Shaped-Toilet-Paper-Deshead wrote: Hang on dude, it's not all socialism and lotteries. We also have Celine and Bryan.

Posted: **Mon Jun 20, 2005 7:32 am**

Dan-O from Five-O wrote:So Roymond, please tell me your friend was able to recover his initial investment and sell the equipment for a profit. Even shelling out 24k in taxes, he had a lot of room to make at least something for himself.

He got screwed that tax season. I believe he sold the stuff and perhaps made it up, but he took a loan to cover the taxes initially. This was the early 90s and the equipment was basically pretty proprietary and obscure enough that there's not a big market for it. Afterall, pro operations are going to buy that stuff through dealers with support packages, etc. and not from some 20 something kid. Sure, he brought it on himself, and didn't think it all through. And I don't have all the pieces of the puzzle here, years later. I'm just saying...read the fine print.

The Song Fight Bulletin Board

Broadjam contest (a rip of Songfight with prizes)

Broadjam contest (a rip of Songfight with prizes)

Re: Broadjam contest (a rip of Songfight with prizes)