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QuikSand · 04-08-2008, 03:49 PM

Okay, if we make some reasonable assumptions here for right now:

Value of gallon of gas right now = $3.33
Tax rate paid = 40%

Then, we come up with this:

$15,000 cash prize triggers $6,000 in taxes, for a net of $9,000

9,000 gallons = $30,000, triggering $12,000 in taxes

So, you'd need to be able to unload the gasoline for a total of $21,000 for this to work out -- that's around $2.33 per gallon. I have no idea how much of your time and effort might be involved, but assuming that's relatively trivial (if you spend 50 hours, you're maybe in for an additional "cost" of a thousand bucks or so in practical terms) it seems like taking the gas is by far the better way to go here.

I, too, am puzzled by the whole "gift card" idea, but I'm assuming that would actually make the transferability easier. I'd think you could get 80-90 cents on the dollar for working gift cards to a widespread gas station.

04-08-2008, 03:49 PM	#24
QuikSand lolzcat Join Date: Oct 2000 Location: Annapolis, Md	Okay, if we make some reasonable assumptions here for right now: Value of gallon of gas right now = $3.33 Tax rate paid = 40% Then, we come up with this: $15,000 cash prize triggers $6,000 in taxes, for a net of $9,000 9,000 gallons = $30,000, triggering $12,000 in taxes So, you'd need to be able to unload the gasoline for a total of $21,000 for this to work out -- that's around $2.33 per gallon. I have no idea how much of your time and effort might be involved, but assuming that's relatively trivial (if you spend 50 hours, you're maybe in for an additional "cost" of a thousand bucks or so in practical terms) it seems like taking the gas is by far the better way to go here. I, too, am puzzled by the whole "gift card" idea, but I'm assuming that would actually make the transferability easier. I'd think you could get 80-90 cents on the dollar for working gift cards to a widespread gas station.