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Posted (edited)

Image the taxes due on that?

Yup. Windfall gift taxes on game show winnings include at least state sales taxes and can range up to 50% or more. Fortunately, most shows offer a cash substitute.

Edited by sjordan2
Posted

Yup. Windfall gift taxes on game show winnings include at least state sales taxes and can range up to 50% or more. Fortunately, most shows offer a cash substitute.

Considering those shows are done in California, i would imagine very few people actually end up with the cars as they are taxed by California. Not sure but I think you have to take delivery of the car there, you cannot live in New York and get your vehicle locally, also contributing to the cost of the prize.

Posted

The car would be cheaper in the long run. :D

Both would be kind of fun for a long weekend, but I wouldn't want the upkeep of either over the long term

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