million winner

[Rajflyboy]

Keep in mind Madden had to use up his tires coming from 19th in the feature. Madden just beat Davenport at Charlotte. Both are very good👍 Great race last night. Hope they do it again in 2023.

[seminole939913]

They said during the pre race interview with Donnie Moran that 21 years ago, to the day, he was pulling into victory lane after winning the original million. Could it have been because it was the anniversary as to why they ran it Thursday? Just a thought.

[Finnfan25]

I'm curious for those of you that are in the loop about driver contracts and such...after taxes and Lance Landers gets his cut (& possibly crew bonuses), how much will Davenport actually see of the 1,002,022? Did Donnie Moran own his own team and equipment when he won it? If he did, that would be a big (at least to me) difference in the financial windfalls to both drivers.

[weatherman85]

I did not watch it. What happened to T-MAC for you to post heartbreak as he finished 4th. Was he leading at end?

T-MAC was running in 2nd and giving Davenport a decent run for his money. Chased him down from around a 3 second lead. T-Mac then started to fade as his right rear tire went. The reason he was still 4th is because there were only 5 cars on the lead lap. He pitted under caution, changed his tire, and was still able to pick up one spot in the last few laps.

[B_K]

T-MAC was running in 2nd and giving Davenport a decent run for his money. Chased him down from around a 3 second lead. T-Mac then started to fade as his right rear tire went. The reason he was still 4th is because there were only 5 cars on the lead lap. He pitted under caution, changed his tire, and was still able to pick up one spot in the last few laps.

Probably enough to buy a steer or two for the ranch.

No clue what his deal is, but 25-30% used to be a good guess.

[B_K]

Probably enough to buy a steer or two for the ranch.

No clue what his deal is, but 25-30% used to be a good guess.

I quoted the wrong post….sorry weather.

[kidrock]

One of the most notable thing is neither Bloomqusit or Overton made the show.

[weatherman85]

I'm curious for those of you that are in the loop about driver contracts and such...after taxes and Lance Landers gets his cut (& possibly crew bonuses), how much will Davenport actually see of the 1,002,022? Did Donnie Moran own his own team and equipment when he won it? If he did, that would be a big (at least to me) difference in the financial windfalls to both drivers.

They actually asked Randy Weaver about this during the broadcast. He stated your top of the line drivers usually get around 40%. 2021 tax brackets put a tax of 37% on anything over $523,600.

That means Uncle Sam would get $370,748.14, leaving $631,273.86.

40% of that would leave JD $252,509.544. Of course, his team owner is giving him that as an income so this would also get taxed as part of his overall income. Using 40% as an example of course. I think most crew are paid a flat yearly salary but some may get bonuses. Others would have to weigh in on that.

I think Donnie was an Owner/driver at the time so he would have gotten to keep most after Uncle Sam got his cut.

[jr29]

They actually asked Randy Weaver about this during the broadcast. He stated your top of the line drivers usually get around 40%. 2021 tax brackets put a tax of 37% on anything over $523,600.

That means Uncle Sam would get $370,748.14, leaving $631,273.86.

40% of that would leave JD $252,509.544. Of course, his team owner is giving him that as an income so this would also get taxed as part of his overall income. Using 40% as an example of course. I think most crew are paid a flat yearly salary but some may get bonuses. Others would have to weigh in on that.

I think Donnie was an Owner/driver at the time so he would have gotten to keep most after Uncle Sam got his cut.

Every piece of equipment they have should be deductible. They aren't paying anywhere close to 370k in taxes.

[TS FAN]

That is correct on the taxes. They will pay very little tax. JD will pay tax on his portion but will have a whole bunch of deductions too.

49 class of the field. Overton drew a lousy qualifying number and never recouped IMO. Not that i was pulling for him or the 49. He will probably be back in the mix for the dream.

[TS FAN]

One of the most notable thing is neither Bloomqusit or Overton made the show.

Not all that shocked about Bloomer, but Overton? That is another story. They both should be more competitive this weekend, but Bloomer is not really a threat to win IMO. Those days are past

[johnE]

Whoever gets the 1099 should have massive expenses already accumulated for this tax year and will have other income as well. Numerous deductions will be taken including depreciation and loss, mileage, salaries and bonuses and more. Only their accountant knows for sure. JD’s deal will not be publicly disclosed but 40% of gross winnings for the season would be the high end of my guesstimate.

[kidrock]

Not all that shocked about Bloomer, but Overton? That is another story. They both should be more competitive this weekend, but Bloomer is not really a threat to win IMO. Those days are past

I understand for the most part about Bloomer but, he has been running better at times this year so, just thought he would be able to get in the show but, yes Overton I was surprised he didn't make the show.

I still think Bloomer can win and will win a couple of races this year but, time will tell.

[weatherman85]

Every piece of equipment they have should be deductible. They aren't paying anywhere close to 370k in taxes.

Very true. Didn't take deductions into account.

[SLIDING SIDEWAYS]

T-MAC was running in 2nd and giving Davenport a decent run for his money. Chased him down from around a 3 second lead. T-Mac then started to fade as his right rear tire went. The reason he was still 4th is because there were only 5 cars on the lead lap. He pitted under caution, changed his tire, and was still able to pick up one spot in the last few laps.

Ok thanks weather man