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EAA 2024 Sweepstakes Airplane

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08 Feb 2024 17:13 #1 by Larry Snyder
Replied by Larry Snyder on topic EAA 2024 Sweepstakes Airplane
They gave the VNE as 117. That's maneuvering speed. VNE is 144.

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08 Feb 2024 17:10 #2 by Bruce Bennett
Replied by Bruce Bennett on topic EAA 2024 Sweepstakes Airplane
www.tapkat.org/eaa-aviation-foundation-inc/R9KBlk
The above website tells about the Ercoupe. Click on "prize details"
to get a listing of equipment.

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08 Feb 2024 11:03 #3 by Nathan Bissonette
Replied by Nathan Bissonette on topic EAA 2024 Sweepstakes Airplane
I suppose if I won, I could keep the nicer and sell the other to pay the taxes. Trade up cheap, so to speak. Where are the details of the sweepstakes plane posted?

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08 Feb 2024 10:39 #4 by Larry Snyder
Replied by Larry Snyder on topic EAA 2024 Sweepstakes Airplane
That’s the problem with winning a car or airplane. They are considered income and since that’s added to the top of your income it’s taxed at a higher rate. I bought a raffle ticket, but if I win it I’ll have to sell it because I don’t have an extra $20000 lying around!

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08 Feb 2024 10:19 #5 by Nathan Bissonette
Replied by Nathan Bissonette on topic EAA 2024 Sweepstakes Airplane
Looks like the same airplane they offered last year, the winner took cash instead. As I recall, EAA valued the prize at $60,000 meaning the winner would pay as much in income tax as I paid to buy my bird outright. Must be a REALLY nice Ercoupe for that kind of money. Wish I could afford it.

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16 Jan 2024 12:49 #6 by Eric Ingram
Replied by Eric Ingram on topic EAA 2024 Sweepstakes Airplane
From what I've seen, this is the same plane from AV 2023. The raffle had an option for the Ercoupe or a $25k cash payout. My guess is the winner chose the cash, and now they're re-raffling.

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