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PLEASE NOTE: The Reality TV World Message Boards are filled with desperate
attention-seekers pretending to be one big happy PG/PG13-rated family. Don't
be fooled. Trying to get everyone to agree with you is like herding cats,
but intolerance for other viewpoints is NOT welcome and respect for other
posters IS required at all times. Jump in and play, and you'll soon find out
how easy it is to fit in, but save your drama for your mama. All members are
encouraged to read the
complete guidelines.
As entertainment critic Roger
Ebert once said, "If you disagree with something I write, tell me so, argue
with me, correct me--but don't tell me to shut up. That's not the American way."
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"Oprah's grant car give away gone bad"
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Surveysez 2793 desperate attention whore postings
DAW Level: "Howard Stern Show Guest"
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09-20-04, 05:58 PM (EST)
 
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7. "RE: Oprah's grant car give away gone bad" |
My greed comes through, and when I will the lottery I will be very glad to be in Canada where lottery winnings are not taxed. Only the money you make with your winnings is taxed, so I may not have to pay taxes on anything!
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Surveysez 2793 desperate attention whore postings
DAW Level: "Howard Stern Show Guest"
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09-20-04, 05:56 PM (EST)
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6. "RE: Oprah's grant car give away gone bad" |
I know the reality is they still get something out of it, but it just seems sad that they can't keep what they were given. Apparently they were all hand picked as being in real need to qualify for the show.
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subman 1546 desperate attention whore postings
DAW Level: "Peanut Festival Grand Marshall"
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09-20-04, 06:01 PM (EST)
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8. "RE: Oprah's grant car give away gone bad" |
I think that people tend to forget when they go on these game shows and win $50,000 worth of dinette sets and big screen TVs that they will have to pay a gift tax on the value of their winnings? Worst case in this situation, they sell the new car and buy a very nice used car with the proceeds net the federal taxes. They don't have a lot to complain about in either case. On the other hand, Oprah could pay their taxes for them, but then they would owe another tax on that gift. Of course under the tax laws Oprah could make a one time gift to each...oh..just skip it... 
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AyaK 10426 desperate attention whore postings
DAW Level: "Playboy Centerfold"
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09-20-04, 07:18 PM (EST)
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23. "Agree" |
I think that people tend to forget when they go on these game shows and win $50,000 worth of dinette sets and big screen TVs that they will have to pay a gift tax on the value of their winningsIt's actually not a gift tax; it's federal and state income tax. These audience members had income by virtue of being on the show. They would receive Form 1099s from the Oprah! show that would show the value of the car as additional income. FWIW, "gift tax" is charged to estates after death. But, while Pontiac is verrrry, verrrry sick, GM hasn't killed it yet. 
Worst case in this situation, they sell the new car and buy a very nice used car with the proceeds net the federal taxes. They don't have a lot to complain about in either case. I agree. If these audience members think they got ripped off, let them change places with me ... or with ginger. On the other hand, Oprah could pay their taxes for them, but then they would owe another tax on that gift. Exactly, although this would also be income tax. If someone else pays your taxes for you, you have income. Of course under the tax laws Oprah could make a one time gift to each...oh..just skip it... Well, Oprah could gross them up enough on the money she gave them for taxes so that they would have enough income to pay all of their taxes without having to sell the car; there's a formula for calculating the amount that her show would have to pay to each. I can't see why she'd want to, though. Anyone who complains is simply TOO greedy for words.  Soylent Green: recycling America, one person at a time.
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subman 1546 desperate attention whore postings
DAW Level: "Peanut Festival Grand Marshall"
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09-20-04, 07:50 PM (EST)
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24. "RE: Agree" |
Not to be insensitive (not me) to the plight of having to sell a new car received from a game show or, as given in this example, I should be so lucky to have that kind of bad luck. Some people may be able to pay the tax out of pocket and others will have to sell their gift, but I don't see this being a "hardship" in any shape or form. Also, thanks for explaining the tax situation stemming from winning prizes. What you said is what I meant.
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desert_rhino 10087 desperate attention whore postings
DAW Level: "Playboy Centerfold"
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09-20-04, 08:03 PM (EST)
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27. "RE: Agree" |
except they're all relatively destitute, and that raises the possibility that their credit is not perfect.
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AyaK 10426 desperate attention whore postings
DAW Level: "Playboy Centerfold"
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09-21-04, 01:10 AM (EST)
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38. "Did you forget..." |
...the unified credit. which acts to prevent virtually eveeryone from paying gift tax while alive -- but is reduced by the amount of gifts made above the exemption threshold so that you have to pay tax on more of your estate when you die? See Code sections 2010 and 2505.I was trying to simplify the discussion, since most people's eyes glaze over when the subject turns to tax. With the unified credit, it's simpler to explain gift tax as a subset of estate tax -- which, in fact, it is. However, you are technically correct: the gift tax applies to gifts (a term which is not defined in the Code, but which does NOT include prizes and awards) made in a calendar year. Although you generally will not pay anyhing until after you die thanks to the unified credit, you have to file any year for which you reduce the unified credit (or, heavens forbid, actually owe money). Sorry if I confused anyone.
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DSpunk 3270 desperate attention whore postings
DAW Level: "Car Show Celebrity"
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09-20-04, 06:29 PM (EST)
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16. "*stalk*" |
  Sliced. Again.
and *smooch*.
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desert_rhino 10087 desperate attention whore postings
DAW Level: "Playboy Centerfold"
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09-20-04, 09:24 PM (EST)
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33. "RE: Oooh!" |
Did you click on the link, baby?
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zombiebaby 7356 desperate attention whore postings
DAW Level: "Playboy Centerfold"
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09-20-04, 08:36 PM (EST)
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31. "Cappy-i-tan!" |
Drive by smooch cause I have not seen you and missed you!
Handcrafted by RollDdice
For the record I would take even a set of tires.
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LeftPinky 4150 desperate attention whore postings
DAW Level: "Jerry Springer Show Guest"
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09-20-04, 09:41 PM (EST)
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36. "RE: Oprah's grant car give away gone bad" |
Actually, Oprah paid nothing for the cars, they were donated by GMC.
 Slice & Dice Chop Shop 2004
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NolayC 1251 desperate attention whore postings
DAW Level: "Beef Jerky Spokesperson"
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09-20-04, 09:34 PM (EST)
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35. "RE: Oprah's grant car give away gone bad" |
A coworker wrote a letter to Oprah about her sister and brother in law, they were invited to the show and all three got cars. I did not hear about the amount in taxes they were going to pay, so good info. I know they didn't have the color they wanted and they just got vouchers for the cars redemable at their local Pontiac dealership.
Handcrafted by RollDdice
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