[redfish bayrat]

Pictured are Katie Miller and her boyfriend/guide, Ryan Elrod, of Ingleside. On 8/2/07, Katie caught this trout on an artificial in Redfish Bay. The trout measured 28 1/2 inches long and weighed 9 lbs on thier boca grips. Katie is not entered in the STAR.

 

[Silverspoon]

Not entered in the CCA Star tournament? Wow! That's got to be a little painful right about now! Excellent fish though! Congratulations on a dandy trout!

 

[capt. david]

great fish! great smile! the perfect pic.

 

[Solid Action]

Nice fish.

 

[SpeckReds]

I cannot understand why someone would fish Saltwater during the Star and not enter. Nice fish! Congrats to Her.

 

[grayfish]

Very nice fish. Congratulations on that one for sure.

 

[hi2utoo]

Way to go. Redfish Bay pay dirt. I've worked those waters for years but never gotten anything that large out of there, except for ole reds.

 

[Redfishr]

let 40 bucks cost her 40,000.........great fish.

 

[OUTLAW]

can you say ex-boyfriend. still a nice fish, great for her

 

[berto]

I cannot understand why someone would fish Saltwater during the Star and not enter. Nice fish! Congrats to Her.

word.. ive never caught a 9lber but if i do during the star i will cash in on that

 

[kdubya]

Great fish. That pulls vacuum on not bein in the S.T.A.R. though.


Kelly

 

[FishinTheBarge]

Why enter or why not enter? Just a personal decision. I wait for that moment every time I hook up, to weep and moan that I didn't enter STAR. That's sarcasm for you people who can't read computterr! Bring it tagged red, I'll take a pic and send it out to yall, then keep on fishing and wishin...

I cannot understand why someone would fish Saltwater during the Star and not enter. Nice fish! Congrats to Her.

 

[Jake]

nice fish, congrats!

 

[JavelinaRuss]

can you say ex-boyfriend. still a nice fish, great for her

I'm single and always looking for cute gals that like to fish, care to elaborate? Or is this the computer sarcasum about not entered in star I didn't catch?

 

[Aggieangler]

can you say ex-boyfriend. still a nice fish, great for her

LOL...my thoughts exactly!

 

[txjoker]

Some people do not understand that when someone wins something (like STAR), that rig does not come free. A person has to pay some kind of gift tax on the items that are "won". It would probably cost several thousand dollars just to pay that tax. Most people probably end up selling the rig just to be able to pay the tax on it.

 

[Jake]

Cash money winnings are taxed about 40% right? I think that "gift" winnings are taxed less though. If the boat/motor/truck/trailer was taxed 40% I'd put the truck on eBay IMO. anyways, congrats again on the catch!

Jake

 

[Fresh2Salt]

Cash money winnings are taxed about 40% right? I think that "gift" winnings are taxed less though. If the boat/motor/truck/trailer was taxed 40% I'd put the truck on eBay IMO. anyways, congrats again on the catch!

Jake

I know a guy who won two boats from different CCA banquets. He just sold one of them and kept the other one. He made enough money off of the sale to pay for the taxes on both and have some dough left over.

 

[fishnlab]

Cash money winnings are taxed about 40% right? I think that "gift" winnings are taxed less though. If the boat/motor/truck/trailer was taxed 40% I'd put the truck on eBay IMO. anyways, congrats again on the catch!

Jake

Jake,
This is how I understand it....I have been wrong before though.

Prizes and cash winnings are just taxed as additional income. The Star trout division prize is a 22' Shoalwater (I think?)...so let's say that fair market value is $30,000.

If you are a single guy making $40K per year, your tax rate on the boat would be 25%, leaving you a bill of $7500. Not too bad for a new boat.

If you are single guy making $350K, your tax bill would be 35%, leaving you a bill of $10,500. This guy in this example is not sweatin' the $10K bill, and probably already has a nicer boat.

Either way, they will only be taxed at 35% max, and we don't have a state income tax to worry about.

 

[chicapesca]

Wow, beautiful trout! Good job Katie! :smile: 9#'s is heavy for an 28 and 1/2# trout.