Winning the streetspeed717 gladiator

[@WAXWINS]

No updated for 2 years???

[@F92Leo]

I always wondered if streetspeed covered the taxes

[@Benfermics]

Where's the update it's been two years?

[@PrestonBlake5317]

Dude thank you for that info. Now I see why some people on his channel are not that excited about winning

[@Rod-zs2gq]

Wow get the once in a lifetime experience of winning a awesome car only to get shafted by the government lol

[@JDJD-mw9rr]

The whole gift tax is ridiculous. You got a gift not the damn government

[@Awxken1x]

Totally agree

[@markprimiano]

Congrats again bro! Stoked to see some of your adventures with this.

[@brockjohn90]

Wow sales tax in cars in South Carolina is capped at $500 bucks!!

[@cdog71593]

1 year later and no videos

[@ZachSkagen]

Omg what a joke! How did I never know about this "Gift Tax"???

[@garyosborn3168]

Still waiting to see how those sick off road lights turned out brooo.

[@alibabasaluja6764]

How many items you purchased

[@esp0135]

Great video, I always wondered what it really cost.

[@bigfootjesus123]

So no more videos ?

[@sterlingalbritton888]

Yes, you have to pay the tax, and that does suck. But the tax is per your state. So like in Louisiana, my state tax is only 4.45, but then my parish (county) tax is another 4%. So 8.45%. However, Louisiana doesn’t have a gift tax. The federal gift tax is anything over 15,000 but the person whom receives the gift, doesn’t pay that. Google is your friend: The gift tax only kicks in after lifetime gifts exceed $11.58 million in 2020 The first thing to know about the federal gift tax is that gift givers-not gift recipients-have to pay it. Thankfully, you won’t owe the tax until you’ve given away more than $11 million in cash or other assets during your lifetime. The lifetime exclusion was raised to $11.58 million in 2020. If you’re married, your spouse is entitled to a separate $11.58 million in 2020. So, actually owing the gift tax is not a concern for most folks. But you may still have to file gift tax returns even though you don’t owe any tax.

[@senditscott4735]

I noticed this was the only video you posted. Starting a KZbin channel is not as easy as everyone thinks it is.

[@mazzmanthegreat6482]

This year has been rough on me and everyone else. I have a full time job, family and currently going through a divorce. But I'll be posting some videos soon

[@senditscott4735]

@@mazzmanthegreat6482 awesome man, looking forward to it!

[@seel980]

@@senditscott4735 “awesome” 💀 bro got a divorce

[@djrichsaracino2554]

Late to this post and congrats. My question is, seems now he gives away the car and cash like the one going on now, car and 10K so was there no cash on top with this giveaway? I can't remember how it was on that giveaway. Thanks

[@adamkruse2707]

What’s been going on since winning the JEEP

[@horsepowerdriven]

Did you get mailed a tax form for the gift tax?

[@fluffy5980]

Did you have to pay income tax or just the sales tax ? Congrats!

[@bounce4982]

What if your tax exempt?

[@characterdriver]

That gift tax is rough! I would probably sell it. I don't need to be putting out that kind of money on something that I won for "free".

[@TROB9SS]

hey man if i win a car but just want to sell it do i only pay for gift tax ?

[@Dude-tb8ry]

How much did you spend on merch to win it?

[@mazzmanthegreat6482]

bought a mystery box

[@rickflairbitch6487]

Update on the Jeep?

[@robertoramos8257]

21000 damn that's crazy I get it it's still a great deal for a new jeep but I think I would have to sell it

[@chriswray7016]

Especially if it’s a vehicle you’re not to thrilled about or isn’t a car you’d buy if had spare cash.

[@Andy-er8ct]

Congrats 🥳

[@brabbit2902]

15k forget it he can keep his giveaway car lol

[@chriswray7016]

That’s the jeep some other vehicles are higher like high country. 60k and used but I want that damn thing so bad I’ll figure out how to pay taxes

[@GRIMREAPER-xi3nj]

I thought the giver is responsible for the gift tax

[@leray_fast8094]

Do all states have those taxes?

[@leray_fast8094]

Nvm Louisiana don’t

[@AutoN8GT]

Congrats!! So awesome for you

[@nitroxide17]

Make more content dude! Waiting

[@mazzmanthegreat6482]

Gonna start this week!

[@kevinfunk83]

Don’t they give you some cash to cover some of the gift tax?

[@thecarelectronicguy687]

Bro next time record it horizontally 😂

[@twinturbotony93]

That's way more taxes than I expected. Guess I'm glad I never won now. My plan was always to sell a car if I won it. I want the money more than the car.

[@kevinfunk83]

Tax is different by state too, plus the gift tax isn’t 15k, you only pay a gift tax if the gift over 11.58 million in your lifetime. I don’t know why he would be paying a gift tax unless it’s a New York thing. Luckily if I ever entered & won 😂 my cousin is a tax relief lawyer.

[@carcentral4691]

Can you sell it if you win

[@dodgedemon840]

1 vid in 3yrs

[@DJRubenGAMINGTV]

how is it now

[@mazzmanthegreat6482]

It's incredible. I'll be making new videos and update everyone

[@kylet3066]

He is definitely mistaken when he says “gift tax.” I’m 99.9% sure he’s talking about income tax on the vehicle. When you win a prize, you have to claim the prize as income. The Jeeps value is $50k, so during tax season, he’s gotta report $50k on top of his regular income, which you have to pay taxes on. The percentage of the income tax depends on your income. Hope this clears everything up!

[@thatbluetahoe3813]

That’s what the “money on top “ is for

[@p.j.mazzullo9716]

What money do you get on top? I didn’t get any.

[@jaedenadami33]

Hey man did a third party reach out to you first to verify you’re eligible to win before Streetspeed717 contacted you? Or do you not know until streetspeed717 calls you directly

[@McLacBlack]

Mike calls you directly. If it's handled any way differently, it will be a scam...

[@chase2389]

Been wondering how much you had to pay for it lol

[@matthewbadenius3645]

i just saw your truck driving on the road

[@stackenali7059]

What advice did your tax accountant give you when you were preparing for the tax implications before taking ownership? Seems like you just paid whatever they said with no tax planning involved. Worse case for next year...Montana tags...problem solved. Congrats!

[@Patchesgnzandknives]

Really happy for you dude, looking forward to your videos. I have a 2018 JLU Rubicon and I love it. I am on Instagram @anthony_usmc_olllllllo I will be posting more content when the weather warms up some.

[@tubemayhem7242]

How about just Mazzman for your channel name?

[@Gio-so8dl]

I would just take the money if I won

[@domok3825]

So much for making videos 😂

[@anthonystufano5968]

Rip this beauty of a jeep😂

[@kb2zya]

Ny sucks 😔 😭 but I will never move . I live in southern tier NY.

[@AnthonyTOOBomb69]

All the video are great man ,keep it up , I like the one where you installed the . . . who you kidding g lmao you ain’t done shit in 7 months or at least posted lol. Must’ve gave up huh

[@mazzmanthegreat6482]

your're a hater

[@BlackLookingGlass]

Yo dude it's Will! I'm in Vietnam 😂 What kind of channel is thisngonna be? Car stuff?

[@ReginaTrans_]

So handsome

[@dantefamularo6764]

Great video, see potential in the channel

[@mwill76]

That’s a bunch of bullshit. Crazy

[@TheNattyking]

I would of sold it got cash

[@ibraheemjohnson7246]

Dude all of this stuff is common knowledge

[@BlankBillions]

I’m sure not everyone knew this information.