Cirrus for Cops raffle.... anyone know if this is legit?

I dont see why it would be illegal. However I will point out one thing I
noticed in the rules that caught my attention:

"In the event enough tickets are not sold to cover the costs of the prizes,
C.O.P.S. will post this information on its web site along with a form to
request your donation to be refunded (minus a ten percent handling fee) The
grand prize will be a 2006 Cirrus SR-20G2."
So, if they dont get $300,000.00 worth of ticket buyers, they automatically
collect 10% of everything regardless, and you are stuck with the hassle of
getting back your $90.00 per ticket.

It would nice to win, but I have to admit that I would just sell it and use
the proceeds to put down on a house.

--
John Huthmaker
PPL-SEL P-28-161

http://www.cogentnetworking.com
"Len" wrote in message
...
Hey-

I found a web site where they are raffling off a Cirrus SR-20G2 in August.
Tickets cost $100, are most likely tax deductible. Proceeds benefit Police
Survivors.

Check out:

http://cops-cirrus.easystorecreator.com/store.asp

Anyone know if this is legit?

It would be nice to win a cirrus for $100. I bet the taxes on the winner
will be a bit steep though.

Len
PPS/MEL
KBFI

The ticket coasts would not be tax decductible - and in the remote
chance you won, you'd get to pay federal & state tax on your winnings
(possibly based on list price?). What's left you would get to put down
on a house......

I wonder what fraction of the US aircraft are sold as raffle or
sweepstakes winners. Somehow, I consider that a real indictment of the
value of aircraft.

A friend said "lotteries are a tax extracted from those that don't
understand or refuse to recognize the laws of probability"