Or you get a $6,000 watch so you only have to pay around $1,200 in taxes. Not sure I'd spend $1,200 on a watch but it might be worth it at that price. Or I could sell you my fake Rolex for $50.
Rolex watch question
- Thread starter Derekd3408
- Start date
Or you get a $6,000 watch so you only have to pay around $1,200 in taxes. Not sure I'd spend $1,200 on a watch but it might be worth it at that price. Or I could sell you my fake Rolex for $50.
When I emailed them asking about my tax liability for the watch they replied nothing. The company takes care of it. I was surprised at that as well.
Circa 1999 you could get a "Rollex" for $5 in NYC. On vacation as we sat down for breakfast, I joked it was the only place in the world where a glass of orange juice is more expensive than a watch.
I have a Breitling (christmas present) and know nothing about Rolex but I'm asking a friend.
Well, now the story is that this isn't taxable, so I guess the answer is you take the best watch you can get ($13,000) and either keep it or sell it.
I would take the cash option.
I was told at a young age in my sales career never to wear a Rolex around customers. It gives off the wrong impression. I didnt think much about it (Im cheap and would never buy one) until last year. I was working a deal with a customer and the customer mentioned that the sales manager for the other company wore a different Rolex in the two meetings they had. Turned the customer off..
I was told at a young age in my sales career never to wear a Rolex around customers. It gives off the wrong impression. I didnt think much about it (Im cheap and would never buy one) until last year. I was working a deal with a customer and the customer mentioned that the sales manager for the other company wore a different Rolex in the two meetings they had. Turned the customer off..
Maybe the company takes care of it by not having a paper trail. It is highly unlikely that you would get caught but it is certainly taxable.
Could be. I wont argue as I haven't dug into it more than my initial question. I'll be livid if I end up getting taxed on this because the resale value will basically be the amount of taxes I pay. The company engraves their logo on the back of the watch and I'm told that drops the value in half instantly.
When you buy a Rolex, you are entering the world of time piece!
Rolex is universally appreciated a fine quality. You work for a very nice company, my friend. You can spend $13k on a Rolex time piece quite easily.
Rolex is universally appreciated a fine quality. You work for a very nice company, my friend. You can spend $13k on a Rolex time piece quite easily.
Yeah, I was tinkering around on the rolex website a little bit ago and built a watch that was 60k. That's an absolutley crazy amount of cash to spend on a watch at any income level.
It aint a watch derek...it is a time piece!
And just wait until you have to fix it. It's like owning some expensive cars, even if the car is free, I don't want to pay to get the oil changed.
I like that a lot. My friend recommended the datejust 41 stainless with gold. It comes in at $12,050
I've got one of those (inherited from dad). It has sentimental value to me, but honestly, there's really nothing special about this make. Maybe spend the $13K on a pre-owned one of these?
Datejust II doesn't maximize your spend, but you won't look like a douchebag wearing it.
If you're just going to turn around and sell, find one that's exactly $13K.
If you're just going to turn around and sell, find one that's exactly $13K.
ThisGive me the Rolex Oyster Perpetual Submariner Date $10,950.00
This is what the watch guy said:I was notified in December I earned a career milestone with my company and will recieve a Rolex watch equal to or less than $13,000. If I go over I pay the difference. I cant take a cash option instead and know nothing about Rolex watches, so I am wondering what the best model would be? Unfortunately ive drug my feet on this and found out I need to email my decision by 4pm today. I have absolutley no idea where to even start. I would like to keep it close to or under the allocated price unless there is something awesome available that is truly a worthwhile upgrade for $500-$1000 more. Not willing to spend any more then that. My most expensive watch currently is $200 and it was hard to bite that bullet.
Heres some pics for your troubles
Rolex Batman or regular black GMT
Submariner Black or hulk green
2 tone date 41mm jubilee bracelet fluted bezel
His typing was kind of screwed up so hope you can make sense of the typos
Actually went with 2 tone datejust 41mm fluted bezel but the oyster bracelet. Thanks for asking for me. Appreciate it. Makes me feel good about my decision.
Hey OP congrats on having a watch worth more than your double wide
My double wide was $36k, bro.
A word of advice derek....When wearing that Rolex, I would stay away from any of Trump's wall.....
Just think about how good your boy jelly would look with a Rolex...think about how much slab we could buy!
I'll trade it in for some slab as long as @McLovin32 is in.
If you wear the watch on your fap hand you will increase arm strength. Otherwise, I see no reason have a watch.
Give me the Rolex Oyster Perpetual Submariner Date $10,950.00
I wear a much more reasonably priced Aquaracer but it looks a lot like this. Everyone loves their Smart watches these days. Not me, I love timeless chronographs.
