Thread: Kings Care Authentic Customized Stanley Cup Ring RAFFLE

Originally Posted by Cup4TheKings

you're better off buying a bailey's buddies membership or two. although no tickets (to kings games) are included in this year's set, you're still giving to the same charity, and getting all the stuff in return (see how that works, you 'give' to charity and get something back--bah, humbug. but they again everyone buying the raffle tix wants the ring, right?).

by the way every year since bailey's has been introduced, I have bought 30-40 memberships per year (i have the lanyard with the individual membership cards from each season as proof). have donated about $3k to the charity give or take by purchasing the memberships. maybe they should hook me up with a ring...

Originally Posted by Cup4TheKings

bailey's buddies membership kit:
jersey mike's sub ($8 value)
pizza hut personal pan pizza ($5 value)
popcornopolis ($7 value)
greene jersey card ($0 value until 12 weeks from now)
upper deck hockey cards ($1 value)
bailey bobble head doll ($15-20 value on eBay)
2 ontario reign tickets (negative $10-20 value - you pay for gas to get to and fro)
la kings team store gift card ($5 value)
quick lunch bag ($5 value on eBay)
total $42 value
price: $20
total profit: $22

just sayin guys, give to the same charity, get something back

or...

give to the same charity, no chance in heck of winning a ring

I bought a bailey's membership back in september as well. the 2 offers are not mutually exclusive. I don't have the space or need for multiple boxes of stuff nor do I have the time to unload it. I look at it this way, I donated what I could this go around and I'm happy with just the tiny possibility it could yield me something different than what I already have--tix to fan appreciation night, dinner with my all time favorite king and that ring. if I don't win, no biggie to me, there's still the cause.

If I were to win the ring, you know who's name is going on it !

I already told the wife, that as of that day, my wedding ring is going in a drawer some place. I love her and all, but I cannot replace the Kings.

Anyone surprised that the apparent value of this prize package is over $60K? This guess is based on the amount of taxes that are being covered for the winner of the raffle ($6,483.75).

Not quite $60k. The site is saying $19.5k:

While this experience of a lifetime is priceless, the fair market value of the tangible prizes (e.g., as applicable in any given raffle, hotel, travel, meals, tickets, taxes, etc.) is $19,500.00.

Originally Posted by romwarrior88

Not quite $60k. The site is saying $19.5k:

Reading the fine print always helps.

Now that I think about it, the $6,483.75 is being paid to the IRS, which means it's serving to offset income tax, not sales tax, and therefore is a calculation of higher than 10% (closer to 33%).

Apologies if my math is off. I'm horrible at math.

More tax write offs

Raffle tickets are not write offs. FYI:

(Please Note that the IRS does not allow you to deduct the purchase of raffle tickets as a tax deductible donation)

I'm going to spend my entire Christmas bonus on this when I get it. Oh wait, there's a minimum of 5 tickets? I'll have to supplement it with my 401K.