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01-16-2015, 08:10 PM | #89 |
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Must be nice to have that much money.
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01-16-2015, 08:13 PM | #90 |
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He makes this in a cpl hours during one race weekend selling Johnson, Gordon, and Earnhardt tee shirts lol. I know one things for sure, He has enough money to not give a shit what anyone on a forum thinks about his spending habits.
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01-16-2015, 08:22 PM | #91 | |
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One word: SCOREBOARD
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01-16-2015, 08:30 PM | #92 |
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200 car collection ...
This guy is living my dream I would do the same if i could...
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01-16-2015, 08:36 PM | #93 |
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Good on him! That's a sizable donation to a good cause.
I'm surprised to see a handful of dumbasses here that don't realize this was, in effect, a charitable donation. That's why he pays so much for these cars. He's a good guy. |
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01-16-2015, 09:02 PM | #95 |
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Good for Rick, good for BMW and good for the charity most importantly. Also good for those that have had or will have the pleasure to view his incredible car collection.
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01-16-2015, 09:06 PM | #96 | |
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01-16-2015, 09:06 PM | #97 |
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LOL at everyone saying he's an idiot. It's all relative. $700k is a shit load of money to us but he probably has a net worth of $1 Billion so $700k to him is like a normal person paying for a well-equipped BMW.
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01-16-2015, 09:28 PM | #99 | |
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01-16-2015, 09:33 PM | #100 |
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I'm sure I'm not the only one to have thought of the obvious - there are 10x the number of individuals saying negative things about how we have chosen to spend our hard earned money....
Hats off for the great deed.
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01-16-2015, 10:00 PM | #103 |
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Yup clearly think of themselves as in the 99%
Good on BMW for donating the car to a great cause and to Rick Hendrick for buying this car and making sure it becomes a classic.
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01-16-2015, 10:03 PM | #104 | |
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01-16-2015, 10:04 PM | #105 |
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The way I see it, he donated $700k to charity and got a free car. What is wrong with that? It's a lot of money but it's his money to spend the way he wants to donate. Bill Gates donates a ton of money to good causes. He might not get a free car with it but if he did, would everyone be all angry at his ass. He's giving back in his own way. Leave him be and lets all get on with our lives. haha
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01-16-2015, 10:07 PM | #107 | |
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01-16-2015, 10:39 PM | #108 |
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This thread turned around quickly. A bunch of people quickly jumped on the hater bandwagon, then somebody rationally points out that the haters posts are irrational. Now everybody is jumping to Hendricks defense and lashing out at all the early posting haters. All this thread shows is how easy it is to get sheep to jump on board one side or another.
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01-16-2015, 10:44 PM | #109 | ||
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For individuals you can claim a charitable deduction up to 50% of your AGI. This 50% includes cash and property (leaser of fair market value or net book value) held for less than 1 year. For appreciated property held for more then a year you can claim the fair market value of the property but only up to 30% of your AGI. Any excess charitable contributions can be carried forward for 5 years. For a Corporation you can claim a max charitable contribution of 10% of your AGI. Any excess can be carried forward for 5 years. And yes I am a tax expert.
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01-16-2015, 10:55 PM | #110 |
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You're off by a couple orders of magnitude here . . . A billion is 1000 millions . . . so it's the equivalent of a millionaire tinting the windows on his well euipped BMW. A normal person could get really nice license plate frame. Maybe.
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