humorix opened this issue on Sep 20, 2002 ยท 112 posts
AgentSmith posted Sun, 29 September 2002 at 2:39 AM
We're definitely planning on getting this contest into, some way or another, the Rendersotiy Magazine, should be no problem with that. Other mags will be work, but worth it if the higher ups can make it happen. Unfortunately, with prize money, there is always the fact of the IRS and the prize winner, whom will personally be held responsible to pay taxes on all winnings. Someone wins a $1000, goes out and spends it, then later owes the IRS $50-$100 in taxes and is mad not at themselves...but at the contest. I have seen it happen. Also, and really more importantly, here's how you get a sponsor in the first place...you promote their PRODUCT they are donating to your contest. Companies would rather promote their product than the fact they are giving away money. Plus, them donating $500 worth of software is way cheaper to them than donating $500 cash. But, hey...if some big company wants to give us money for prizes, all the better!(I'm sure not against it) Agentsmith
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