BRS $65,000 Dream Reef Giveaway!

[Bulk Reef Supply]

Why Are We Giving Away a $65,000 Dream Reef Tank? Come join us and find out if your dream has come true!​

Dream Reef Ep1 - Announcement, unveiling the custom tank/stand and first gear!

Dream Reef Ep2 - Another $20,000 reveal of ALL the reefing gear going inside, underneath and outside!

Dream Reef Ep3 - The Experience of a Lifetime!

 

[brmc1985]

Dibs!!!

 

[GuppyHJD]

four more days until the lucky winner is revealed?

 

[Rubber Ducky]

Sounds awesome!!

 

[tharbin]

This is fun to watch. Great tank stand Neptune gear and who knows what else.

 

[Utubereefer]

I’d rather 6 people get a 10k tank… spread the love around! (and give me a better chance at winning) it is great that they do stuff like this.
Give back to the reefers!

 

[brmc1985]

I’d rather 6 people get a 10k tank… spread the love around! (and give me a better chance at winning) it is great that they do stuff like this.
Give back to the reefers!

$10,000 for a tank??? What are you keeping one freshwater betta in it??? This is saltwater. Go big or go home!!! Jk

 

[Kellie in CA]

Is part of the prize having someone come over and show you how to use all that fancy equipment? Because I would definitely need it! Haha

 

[Bulk Reef Supply]

So far, we've got an epic list going!

Custom Reef Savvy Tank

Custom Chris Benner Stand

Massive list of Neptune Apex Gear

Join us tomorrow (11/16) at 10 AM central time to hear what's being added to this list!

 

[xiaoxiy]

Super cool!

@Bulk Reef Supply: Out of curiosity, how do taxes on this work for the recipient?

 

[Utubereefer]

 

[BeltedCoyote]

Man, I’m just hearing about this. Guess it’s too late to enter

 

[Kellie in CA]

Man, I’m just hearing about this. Guess it’s too late to enter

All Preferred Reefers were entered (provided they logged in at least once during the year).

 

[BeltedCoyote]

All Preferred Reefers were entered (provided they logged in at least once during the year).

oh. Well I stand gratefully corrected.

that’s really awesome. Kinda nice being entered in something without having to do a ton of things for entries.

not that I expect to win lol. But still. It’s nice

 

[MrTPlush]

Super cool!

@Bulk Reef Supply: Out of curiosity, how do taxes on this work for the recipient?

Depends on your state…prize taxes are usually stupid high.

 

[Fourstars]

No way!

 

[xiaoxiy]

Depends on your state…prize taxes are usually stupid high.

If income tax, then that’s a ~16k federal withholding…

 

[Woodyman]

Depends on your state…prize taxes are usually stupid high.

Notice they are calling it a "gift" in th video. I know Ohio doesn't have a gift tax, but there is a federal one.

Federal law allows up to 15k to be given as a gift tax free. After the 15k it is subject to taxes, but the 'giver' typically pays the taxes not the 'giftee'

So maybe BRS is paying that tax for the extra 50k over the limit?

Also not sure how 'gifts' work for business what I referenced above is personal use, so amounts/regulations/taxes maybe different when it's a business giving the 'gift' and not say your rich uncle.

 

[Woodyman]

Notice they are calling it a "gift" in th video. I know Ohio doesn't have a gift tax, but there is a federal one.

Federal law allows up to 15k to be given as a gift tax free. After the 15k it is subject to taxes, but the 'giver' typically pays the taxes not the 'giftee'

So maybe BRS is paying that tax for the extra 50k over the limit?

Also not sure how 'gifts' work for business what I referenced above is personal use, so amounts/regulations/taxes maybe different when it's a business giving the 'gift' and not say your rich uncle.

Frequently Asked Questions on Gift Taxes | Internal Revenue Service

Find common questions and answers about gift taxes, including what is considered a gift, which gifts are taxable and which are not and who pays the gift tax.

www.irs.gov

I'm by no means a tax person, but here is the link where I got my info.

 

[FishyFishFish]

No thanks.

It will probably only be available if your name is Hadleigh, were born on a Tuesday in 1867, and are available to take collection at 4 minutes notice in the middle of the night. Otherwise the prize becomes void.

I know I’m a miserable, ungrateful person so you don’t have to tell me, but I’m done after the last promo.