Quote:
Originally Posted by valo403
Rumor is that he did it intentionally to get the insurance payout as he had to mortgage his house just to insure it and will be hit with over $100k in taxes. Problem is if it's not a write-off all he's done is devalue it.
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Yeah it really is BS how you have to pay taxes on items you've won in the states. That being said, pulling insurance scams probably isn't the smartest.
I knew a guy who thought he'd be a genious and instead of buying new tires, just slash the old ones. The insurance companies were onto that one and just paid him out for the remainder of the tread on the tires.