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### Author Topic: Special Snowflake Stories  (Read 6157315 times)

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#### RingTailedLemur

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##### Re: Special Snowflake Stories
« Reply #22935 on: August 20, 2013, 01:11:51 PM »
SS is shocked you have to pay taxes on game show prizes
http://shine.yahoo.com/work-money/price-8230-taxes-high-174700410.html

I must admit, I find the idea of paying tax on the value of a prize such as a car a bit odd.

#### PastryGoddess

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##### Re: Special Snowflake Stories
« Reply #22936 on: August 20, 2013, 01:12:43 PM »
SS is shocked you have to pay taxes on game show prizes
http://shine.yahoo.com/work-money/price-8230-taxes-high-174700410.html

I must admit, I find the idea of paying tax on the value of a prize such as a car a bit odd.

Just wondering are you in the US?

A prize is considered a gift, you have to pay taxes on the value of the gift.

#### EMuir

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##### Re: Special Snowflake Stories
« Reply #22937 on: August 20, 2013, 01:12:46 PM »
I don't know if that's SS... in Canada prizes aren't taxed.  It seems a bit evil for the govt to tax prizes, IMHO, especially non-cash ones.

#### wolfie

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##### Re: Special Snowflake Stories
« Reply #22938 on: August 20, 2013, 01:13:40 PM »
SS is shocked you have to pay taxes on game show prizes
http://shine.yahoo.com/work-money/price-8230-taxes-high-174700410.html

I don't think shocked that they have to pay taxes as shocked that you have to pay taxes before you are allowed to pick things up. I always thought you paid the taxes when you file - not before you pick up the new car you just won. That would be hard for a lot of people - to come up with the tax money within 90 days.

#### RingTailedLemur

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##### Re: Special Snowflake Stories
« Reply #22939 on: August 20, 2013, 01:19:23 PM »
SS is shocked you have to pay taxes on game show prizes
http://shine.yahoo.com/work-money/price-8230-taxes-high-174700410.html

I must admit, I find the idea of paying tax on the value of a prize such as a car a bit odd.

Just wondering are you in the US?

A prize is considered a gift, you have to pay taxes on the value of the gift.

Nope, UK, no tax on prizes here AFAIK.
« Last Edit: August 20, 2013, 01:33:41 PM by RingTailedLemur »

#### PastryGoddess

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##### Re: Special Snowflake Stories
« Reply #22940 on: August 20, 2013, 01:22:09 PM »
SS is shocked you have to pay taxes on game show prizes
http://shine.yahoo.com/work-money/price-8230-taxes-high-174700410.html

I don't think shocked that they have to pay taxes as shocked that you have to pay taxes before you are allowed to pick things up. I always thought you paid the taxes when you file - not before you pick up the new car you just won. That would be hard for a lot of people - to come up with the tax money within 90 days.

it's kind of a catch 22.  The recipient doesn't HAVE to pay taxes until they file.  However, the donor doesn't HAVE to release the gift until their conditions are met.  One of those conditions may be that the taxes are paid before the delivery of the gift.

My old roommate in Chicago was one of the people who was in the audience when Oprah gave away a Pontiac G6.  The show paid for all of the STATE/LOCAL taxes and fees, but not the federal taxes.  Me and her mom helped her pay the tax so she could keep the car.

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##### Re: Special Snowflake Stories
« Reply #22941 on: August 20, 2013, 01:56:15 PM »
And don't get me started about people who just toss their cigarette butts onto the ground.
We call them "butt-heads" ... but we keep our windows closed when we do.

My ex boyfriend was a smoker. He once tossed a cigarette butt out the window while he was driving. It flew back in, landed on his crotch, burned him, then rolled onto the seat and burned a hole in it while he was swatting at the butt trying to get it out of his lap.

Similar thing happened to my sister, except it landed in the back seat of her car and she had to pull over to put it out. It burned a great big hole in her back seat.

#### jedikaiti

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##### Re: Special Snowflake Stories
« Reply #22942 on: August 20, 2013, 01:57:49 PM »
SS is shocked you have to pay taxes on game show prizes
http://shine.yahoo.com/work-money/price-8230-taxes-high-174700410.html

I must admit, I find the idea of paying tax on the value of a prize such as a car a bit odd.

Just wondering are you in the US?

A prize is considered a gift, you have to pay taxes on the value of the gift.

I thought it was considered income, but that's just nit-picking.

Having to come up with taxes before collecting the prize would be a PITA though, for something like a car. I wonder, though, if you have the option of getting cash value instead of the actual vehicle, can they just deduct taxes from the cash?
What part of v_e = \sqrt{\frac{2GM}{r}} don't you understand? It's only rocket science!

"The problem with re-examining your brilliant ideas is that more often than not, you discover they are the intellectual equivalent of saying, 'Hold my beer and watch this!'" - Cindy Couture

#### jedikaiti

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##### Re: Special Snowflake Stories
« Reply #22943 on: August 20, 2013, 01:59:29 PM »
And don't get me started about people who just toss their cigarette butts onto the ground.
We call them "butt-heads" ... but we keep our windows closed when we do.

My ex boyfriend was a smoker. He once tossed a cigarette butt out the window while he was driving. It flew back in, landed on his crotch, burned him, then rolled onto the seat and burned a hole in it while he was swatting at the butt trying to get it out of his lap.

Similar thing happened to my sister, except it landed in the back seat of her car and she had to pull over to put it out. It burned a great big hole in her back seat.

I seem to recall a movie... Reality Bites, maybe? There's a scene where someone throws a butt out a window and it lands on papers in someone else's car, starts a fire, and causes a crash. Thankfully, no serious injuries.
What part of v_e = \sqrt{\frac{2GM}{r}} don't you understand? It's only rocket science!

"The problem with re-examining your brilliant ideas is that more often than not, you discover they are the intellectual equivalent of saying, 'Hold my beer and watch this!'" - Cindy Couture

#### PastryGoddess

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##### Re: Special Snowflake Stories
« Reply #22944 on: August 20, 2013, 02:06:31 PM »
SS is shocked you have to pay taxes on game show prizes
http://shine.yahoo.com/work-money/price-8230-taxes-high-174700410.html

I must admit, I find the idea of paying tax on the value of a prize such as a car a bit odd.

Just wondering are you in the US?

A prize is considered a gift, you have to pay taxes on the value of the gift.

I thought it was considered income, but that's just nit-picking.

Having to come up with taxes before collecting the prize would be a PITA though, for something like a car. I wonder, though, if you have the option of getting cash value instead of the actual vehicle, can they just deduct taxes from the cash?

No you are right.  Gifts are considered income.  I should have been more clear.

With my friend they gave her 3 options.  Forfeit the car, accept the car but have the dealership sell it and give you the money minus the taxes, take the car and pay the taxes.

This may or may not be the norm

#### siamesecat2965

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##### Re: Special Snowflake Stories
« Reply #22945 on: August 20, 2013, 02:21:37 PM »
SS is shocked you have to pay taxes on game show prizes
http://shine.yahoo.com/work-money/price-8230-taxes-high-174700410.html

I don't think shocked that they have to pay taxes as shocked that you have to pay taxes before you are allowed to pick things up. I always thought you paid the taxes when you file - not before you pick up the new car you just won. That would be hard for a lot of people - to come up with the tax money within 90 days.

it's kind of a catch 22.  The recipient doesn't HAVE to pay taxes until they file.  However, the donor doesn't HAVE to release the gift until their conditions are met.  One of those conditions may be that the taxes are paid before the delivery of the gift.

My old roommate in Chicago was one of the people who was in the audience when Oprah gave away a Pontiac G6.  The show paid for all of the STATE/LOCAL taxes and fees, but not the federal taxes.  Me and her mom helped her pay the tax so she could keep the car.

This was lso on GMA this morning. What I didn't like was they used an example of a woman who had won the showcase on The Price is Right, and wasn't able to get her prizes until she paid all taxes. they were trying to make it out like this was some heinous rule the game shows came up with, when in fact, its the IRS and tax laws. In the end, she said "don't go on a game show if you're broke"  they also interviewed a CPA who said these are IRS rules; the game shows don't make them up, and they tell each nad every contestant if they win, they will owe tax.

Heck, if you win any money above a certain amount in the lottery, casino, or say through a 50/50, you have to provide your info so you can be issued a W-2 for your winnings, so there's no free lucnh anywhere!

And i'm kind of curious about the Oprah car giveaway, since they mentioned that too, and that people had to pay 7K in taxes, which to me, seemed to be a bit high. Was that the acse with your roommate?

#### gmatoy

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##### Re: Special Snowflake Stories
« Reply #22946 on: August 20, 2013, 02:29:26 PM »
At least in California, if you can show that you could buy the same car off of a dealer's lot for a lesser amount, they will adjust the taxes to the lower amount. (Had a friend who won on a game show in California.)

#### PastryGoddess

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##### Re: Special Snowflake Stories
« Reply #22947 on: August 20, 2013, 03:19:41 PM »

#### MyFamily

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##### Re: Special Snowflake Stories
« Reply #22949 on: August 20, 2013, 04:54:15 PM »
http://fox59.com/2013/08/19/woman-wants-changes-at-library-after-grandson-checks-out-erotic-novel/#axzz2cWeZf4xd

To summarize - kid checks out adult erotic novel; grandma wants the novel removed from the library.  I agree with the library - the adult responsible for what this kid reads is not a library staff member.   I personally find this SS because her answer is to remove the book instead of suggesting that the erotic books and childrens books be moved so that they aren't on either side of the bookcase from each other (I could see how that would not be very clear to a child).  But removing the book entirely is like burning the forest because you don't like one type of flower that grows there.

"The test of good manners is to be patient with bad ones" - Solomon ibn Gabirol