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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]LisaL
(44,972 posts)52. You don't look a gift horse in the mouth.
Again, you could always refuse the prize or a gift if you don't want to deal with the taxes. These people had options;
1) Take the car, use it and pay taxes
2) Sell the car, pay taxes, keep the difference
3) Refuse the prize
I would have picked option #2. It's a no brainier. I sure as hell wouldn't be complaining for years about winning a car.
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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