posted on Jul, 13 2011 @ 02:52 AM
reply to post by TDawgRex
This law in the US baffles me - people go on to game shops, enter lottery and go into other competitions because they want or need money and then get
screwed over by the IRS if they win.
I have seen this before, there was a guy who gave back the car on 'The Price is Right' because he couldn't afford the tax. It was a struggle as well,
as the show didnt want to take the prize back and it almost ended up in court.
While there is this law any competition no matter how big or small should also include a cash component paid directly to the IRS... or would that be
Seriously though include the cash!
What's worse is that this guy didnt even enter a comp, he just caught a ball.
Do you think when the IRS goes out to buy computers, stationary etc that they pay tax to themselves?
Tax on tax$$ - sounds almost crazier than paying credit with credit....
edit on 13-7-2011 by Havick007 because: (no reason given)