Weymouth is partnering with Mercedes-Benz of Fayetteville!
All ticket sales benefit Weymouth. We offer great odds. In addition, Weymouth will pay the federal taxes on your winnings.* The cost of a raffle ticket is $100. A maximum of 1,700 tickets will be sold. A minimum of 1,000 tickets must be sold for the raffle to occur. If fewer than 1,000 tickets are sold, ticket buyers will receive a refund for the full purchase price of the tickets. The raffle ticket price is not tax deductible as a contribution to Weymouth. Employees of Weymouth and their immediate families are not eligible.
Tickets will be on sale from August 20, 2019 to December 5, 2019 with the drawing scheduled for Weymouth’s 40th Anniversary Gala on December 7, 2019. You need not be present to win.
* The IRS requires raffle winners to pay federal taxes of raffle winnings at the time of the award. Weymouth will pay to the IRS, on behalf of the winner, an amount equal to 28% 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 33.33% 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.