What happens when poor as fuck people win those TV contests and win a car? How does 19 year old Tyrone working at Walmart insure and pay the running costs on a Lambo?
What happens when poor as fuck people win those TV contests and win a car...
Brayden Peterson
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Justin Martin
he sells it on the spot by jewish vultures that want to enrich him by a few grand in exchange for his car. Bro bro bro, you want the irs on your back? I don't think so I'll take that off your hands to the irs can't touch you for $1000 and what ever taxes you had man. I'm paying all those fee's and taxes man. $1000 is more than you came here with rite? am i rite? Do you want to leave with the irs on your back?
Ryan Price
I remember one of the pimp yo ride contestants tried taking MTV to court over the tax burden placed on him because of the value of all the free shit they gave him. A similar thing happened to dieselsellerz.
Jaxson Powell
You should find this link interesting:
accountingweb.com
In a lot of instances, the people actually just end up declining the prizes because they can't pay the tax on them. The Price Is Right, for example, requires people to pay the tax on prize items up front, before they will even release the prizes to them, and it's the same with a lot of other game shows and give away
In other instances, the people just end up selling the shit before they ever have to deal with the taxes, and just pocket the cash, although I imagine that's harder to do now than it used to be.
Eli Jenkins
>13k taxes for a 1996 truck
>getting his dad involved
NEET detected
David Adams
This. I won a contest on Ebay my senior year of highschool for a Chrysler 300 modded by West Coast Customs. Excited as fuck, but in the contract it was appraised at $75k and being a dependent, they assessed my parents' income, meaning I'd have to pay $30k in taxes for the car. It was a used car before modding it even with 10k miles at that, and the shitty Pentastar v6. Had to refuse because fuck the government and California's government specifically. Pic related
Dominic Mitchell
Shit can't read the entire article.
Is that why most of these contestants are people that would be fine on their own?
Ian Gomez
By fine, I mean well off.
Like they have a nice career and would most likely be able to afford these prizes with some proper budgeting.
Is that why these free cars are super base models with manual everything?
Jaxson Gonzalez
Basically looks at The Price Is right (TPIR) as an example of what people have to deal with when they win shit loads of stuff on a game show
Explains how people are taken backstage after the show, and have to immediately sign forms promising to pay the taxes, or forgo the prizes, and how lots of people have to use any cash prizes they won on the show to cover the tax cast of non-cash prizes that they win. Also explains how lots of people who win shit like the cars and RV's just refuse them because they can't afford the taxes
Not really, you have plenty of less than well off people who win shit on game shows. The cars are base model because the game shows have to buy them out of the shows budget, so why the fuck would they go for anything more than the base model
Ethan Roberts
I would think it's the opposite for the liberal Californian government. The less you make, the less taxes you would have to pay. My parents' income total exceeded 6 figures (barely) which is why I would've had to pay 30k for the car above. If I was a burger flipper/college student who was independent, it would've been under 10k for sure, closer to 3-5 by what I calculated. They penalize success.