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In reply to the discussion: That Time Oprah Gave 276 People 'Free' Cars That Actually Cost Them $6,000 In Taxes [View all]StarfishSaver
(18,486 posts)4. More of the story:
But this was sort of uncharted territory for a television promotion, and likely done completely in good faith despite being ultimately rooted in the marketing department of General Motors. Still, winners of the cars had to either take the car and pay the tax, sell the car and still cover the tax fees, or refuse it altogether.
In later promotions, Forbes points out, the Oprah team had learned their lesson, writing checks and giving them to audience members along with the pricey prizes in an effort to offset the sudden burden of a spiked income tax.
But as for the big G6 giveaway episode, Oprah got her iconic you get a car moment, the network got unprecedented ratings, Pontiacs marketing team got a ton of buzz, and at least some of the audience members were able to get away with a brand new car, nearly free of charge.
In later promotions, Forbes points out, the Oprah team had learned their lesson, writing checks and giving them to audience members along with the pricey prizes in an effort to offset the sudden burden of a spiked income tax.
But as for the big G6 giveaway episode, Oprah got her iconic you get a car moment, the network got unprecedented ratings, Pontiacs marketing team got a ton of buzz, and at least some of the audience members were able to get away with a brand new car, nearly free of charge.
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That Time Oprah Gave 276 People 'Free' Cars That Actually Cost Them $6,000 In Taxes [View all]
Yo_Mama_Been_Loggin
Sep 2019
OP
You have a 20k asset that you didn't have. you can cash it out and make a 14k profit. For sitting
dem4decades
Sep 2019
#7
If the taxes were a problem, sell the car, pay the taxes, and pocket around $15,000.
Hoyt
Sep 2019
#8
Absolutely man...some people see the glass as half empty, vs. half full. $6000 for a new car ...
SWBTATTReg
Sep 2019
#9
And if you can't afford that much in taxes, presumably you can sell the car for more than $6,000.
LisaL
Sep 2019
#20
It Must Be a Slow News Week Over at MSN. This is What I Call a Click Bait Story.
Indykatie
Sep 2019
#14
Yea, exactly. The story is absurd. If somebody gifts you something expensive, over a certain amount,
LisaL
Sep 2019
#22
I had a friend with a similar situation. They won something at a fair and then found out they had to
LisaL
Sep 2019
#26
Okay, that's the legal excuse. But nothing prevented Oprah from making the tax payments herself,
pnwmom
Sep 2019
#49
Oh ffs. You get stuff you pay taxes. I'm sick of people complaining about taxes
unblock
Sep 2019
#43