Win A New Porsche Cayman

11th Annual Raffle 2006-2007 - Win a new 2007 PORSCHE Cayman - Only 999 tickets will be offered.

Tickets are $125 each. The drawing will take place on March 17, 2007 during the Asheville Symphony Masterworks concert intermission. This is a fund raising project and all ticket sales benefit the Asheville Symphony. Tickets may be sold to employees, Board Members and other affiliated persons. You need not be present to win. An independent accounting firm will supervise the entries and drawing. If 550 tickets are not sold, a full refund will be provided and the raffle will not occur.

The IRS now requires raffle winners to pay federal taxes on raffle winnings at the time of the award. The Asheville Symphony will pay to the IRS for the winners benefit an amount equal to 38.88% of our cost of the vehicle. The tax must be paid not only on the fair market value of the winnings, but also on the tax itself, therefore a grossed up tax rate of 38.88% of the winnings. This may or may not be the actual amount you will owe on your federal taxes. Please consult your tax advisor concerning your specific situation.

By www.ashevillesymphony.org