Yep. At least usually, I think. The "million dollars" that guy won on Who Wants to Hump a Millionaire ended up being less than $600,000 take-home.
Originally posted by AI
hey dont these prizes get taxes deducted from them?
Originally posted by Peregrine
If it's less than (in the States, anyway) $4,999 then he will get the full amount but he will have to report it to the IRS as income.
Originally posted by The Dopefish
That is, of course, if I make enough income to warrant getting an income tax form in April.
Originally posted by The Dopefish
You all know about that Xbox promo Taco Bell is doing? Well, today I went and got a number 8 - 2 gorditas (supreme steak, of course), a soft taco, and a large beverage. I almost forgot all about the peel 'n' scratch thing on the cup, but I didn't, thankfully. The third prize on the m0 was the $1000, and I won.
Don't ask what I'm going to do with it, because I don't know.
Originally posted by The Dopefish
Now that I've beaten my mom in an argument over exactly whose money it is, I am now free to do with it as I please.
Originally posted by The Dopefish
Well, I don't know if I'm going to get it. I'm really not one to make plans with money I don't have.
AI: taxes may be a factor too, but the scratchy thingy said "$1000 cash", which I interpret as paper money.