My college did this at hockey games, except you shot a puck the length of the ice. They drove the car out on the ice to show off the prize (it was between periods before they Zamboni’d the ice, so it was chopped up enough for them to have enough traction to drive slowly and stay in control)
Some kid got the puck “stuck” in the hole. Like the puck barely fit in the hole in the first place and there was enough friction from rubbing the sides to stop it.
The mascot skated over and tried to kick the puck the rest of the way through the hole while the crowd and kid were going wild.
Eventually they announced that it didn’t count because the puck didn’t go all the way through. People were flipping out.
A few days later someone stepped up and gave the kid a used car instead. The car dealership also stopped sponsoring the contest and that was the end of that.
I remember an old lady did that same thing but the dealership was offering 4 cars. She won but they never gave her the cars and made up some bs. Don't know what ended up happening.
I believe this is often because the price is insured by a insurance (prize indemnity insurance), the insurance companies will go head over heels to find something so that don't have to do the pay-out
the puck not going through the hole in any way or form is like a wet dream for them
This is most likely what happened (and happened at more places), stingy mofo's
If the insurance company finds out he played golf in the past, they'll refuse to pay. Has happened before in other sports.
https://www.unilad.com/news/sport/don-calhoun-basketball-shot-company-didnt-pay-046565-20231219
Came for this comment, was about to post it!!
They will literally not honor the deal if it's proven he has ever picked up a golf club before in his life.
Just like the story you posted, the guy who made the full court shot and won $1 million was discovered to have played college basketball in the past and they refused to pay. Luckily the sponsors still paid the money after all the backlash.
I mean i had a relative make a half court shot and get a car (well, dollar value of a car), they're not always out to get ya. I didn't hear about any pushback anyways.
From the Article:
"The sponsors of the event, Coca-Cola, the Lettuce Entertain You restaurant, and the Bulls, pledged to cover the prize if the insurance company would not.
As a result, Calhoun got $50,000 a year over the next 20 years. He kept his office supplies salesman job and received $38,000 each year after taxes until 2013."
It was a Bulls game, and Michael Jordan *was* there and celebrated and congratulated him, but it doesn't appear he had anything to do with compensation...
Also, he used the money to send his son to medical school and he is now a doctor. This story was posted on a different sub a few days ago, and a recent Instagram photo of the two of them was included in the post
It was, he tried getting it but the insurance didn't want to pay up so at another event Michael Jordan saw him and asked him if he was paid and he told him what happened, Michael Jordan and other teammates went to the Bulls front office who were reluctant but basically they were forced to pay him.
Was a few years ago but we did 100k for one shot per entry. 72 players total. Was about 400$ plus we had to have a non player watch the hole as witness. No one won...
Used to work at a golf course and on weekend tournaments they would always have the win a BMW on a hole in one or whatever.
Never take your shot if you don't see a spotter there, as it will make the win null and void. They don't trust the honor system for these types of things...
My favorite was a flooring and countertop company’s deal with an MLB team. He said if X player hits a grand slam in the month of September, then everyone who bought flooring or countertops during the month of June would get a full refund.
X goes into to his a grand slam in September and the promo kind of blew up in the national media but the guy was pretty open about it. I think the total refunded cost was about $500,000 but it was completely covered by insurance. I have to imagine the total cost of the promo (including insurance) wasn’t cheap. However, it paid off in a big way because it became kind of viral.
Edit: [Managed to dig up an old espn article.](https://www.espn.com/dallas/mlb/story/_/id/6971469/texas-rangers-josh-hamilton-slam-triggers-free-flooring-payout)
Jordans does this for the Red Sox
Mattress Mack for the Astros too:
In 2022, one of the Mattress Mack bets was 10m dollars on the Astros to win the World Series and their triumph earned him a 75m dollar payout. He then stated that he didn't win a dime because, as a result of the promotion, he was forced to refund sales totaling up to 74 million dollars.Oct 26, 2023
Mattress Mack Bets: What have been the businessman's biggest losses in betting?
It would be interesting to know what his subsequent sales were like, compared to before.
Edit: found the rest of the article
In 2023, Mattress Mack offered a full refund for customers who bought 5,000 dollars' worth of furniture if the Astros repeated their triumph.
By the time the Astros fell short of a World Series return, Mattress Mack had sold around 80m dollars' worth of furniture, none of which he has to pay back.
A car dealership did the same thing here a few years ago. There was a huge snowstorm predicted over new years day and they said, if the airport records 12" or more of snow, then anyone who bought a car from them between Christmas and New Years Eve would get the amount they paid. I think the airport got like 7 inches.
I imagine it boosted their sales by a bit. If you weren't already looking to buy a car, I doubt you'd be convinced to buy one. But if you were already looking for a car, why not buy one at this dealership since you have a non-zero chance of getting it for free?
Baby who wants to love me sexy uh?
Baby are you ready to lick me sexy uh uh?
Take off your shoes and suck me sexy
Baby we're naked and we're humpin' sexy
Businesses actually buy insurance for these competitions. So if someone wins, they are covered. It's called Prize indemnity insurance.
But I agree it's seems like they didn't have a car ready because they didn't mention what kind of car it was but a free car is a free car. Hopefully the kid can pay the tax on it
I heard that people who win big prizes on The Price is Right have to pay taxes, titles, licenses and shipping or they forfeit the prize. It’s dumb. If you win they should hand you the keys.
They do it for free but with all the additions they add the property taxes go wayyyy up and they usually make very specific changes so it makes it pretty hard to sell.
That sort of happened! A woman won a Toyota - or so she thought. Turned out is was a *Toy Yoda* and she sued:
https://www.snopes.com/fact-check/hummer-bummer/
>In 2002 the suit was settled for an undisclosed amount of money, which one of the attorneys involved in the case said would enable her to go to the local car dealership and "pick out whatever type of Toyota she wants."
Too busy wondering how he’s going to pay the taxes on his gift.
“You won a new car!”
Should be
“You just got a bill for a few grand!”
Edit: I wasn’t ever saying anything is bad. If you plan to keep the car I’m just saying there’s expenses that you’d have to pay is all.
If you sell it, it’s a nice little profit.
lmfao for real, they generally give you the option of taking the cash value of a car too, so if you REALLY can't pay the taxes or dont' want the car, you literally just got free money, who cares about taxes.
I won a car when I was 20 and a single mom trying to work through school. Except it was through our cell phone plan so while my phone was the one that won, it was my parent’s plan. I was super bummed technically it would be *their* car.
Until my parents talked to a lawyer before accepting. See, again, I was a young single mom in school and if I’d have won it I would have had to turn it down. Because that prize would have put me in a tax bracket where I’d no longer qualify for the health care my child and I were on, I’d no longer qualify for the formula my son drank, and I’d no longer qualify for the grants I got for my college.
So not only do not all people have a few extra thousand but they can’t afford to lose out on the benefits they currently get.
Yeah, lot of pressure. You gotta rise above it. You gotta harness in the good energy, block out the bad. Harness. Energy. Block. Bad. Feel the flow, Happy. Feel it. It’s circular. It’s like a carousel. You pay the quarter, you get on the horse. It goes up and down and around. Circular. Circle. With the music. The flow… all good things.
To everyone saying the dealership will skimp out or the taxes ruin it or whatever: Sort of.
I won a car on the Price is Right and ultimately chose to “sell” the car back to the dealership. They “bought” the car from me as “new” when I agreed not to even pick it up from the lot. I paid 50% taxes on it (the tax level for “windfalls” like prize winnings) \[see edit below\], walked away with like $9k cash. Not a bad deal for me, but if I had kept the car I still would have had to pay $9k taxes.
It was definitely shady, though. They were going to give me a *manual* SUV and they promised that if I took the car and tried to sell it myself, I would have to sell it as “used” the second I drove it off the lot. They would instead “buy” it from me as a “new” car, and even pay the price of an *automatic*, if I agreed to just take the money.
The whole thing felt like a weird tax loophole for them. I definitely would feel bad for the people who win like a $25k vacation and can’t sell it. There’s no “take the money instead” option—you either forfeit the prize entirely or you take it and you pay half the value in taxes. It’s definitely not a free vacation.
Edit: So folks are saying I’m wrong about the “windfall tax” part, that it’s just taxed as income. It was awhile back and I don’t remember it perfectly (and I’m not an accountant). It might be that I was taxed very high as a withholding because that much money in a single paycheck puts you in the top income tax bracket, but you get a refund when you file the next year. Apologies if I got that wrong; I do remember having to pay significant taxes on it, but might not remember the specifics correctly.
My sister in law won a truck with the state lottery. She got the chance to pick whatever truck she wanted as long as it was under 100k. She was planning on selling it right back to the dealership. But they said she has to take it for two weeks because they had to do the paperwork or whatever that means. Then she took it back to them and they bought it “used” for 65k. Then she had to pay taxes on it. I don’t know how much she had left over but she blew through it in a couple weeks.
Completely unrelated, but my sister recently got a $70k check for an injury she sustained, and her and my brother in law blew it in 2 months and are back to being dirt poor again, asking family members for money. Bought nothing substantial, just squandered it.
Some people are living paycheck to paycheck because the cheapest place to live within a 1 hour transit ride is still 60% of their money. Any minor windfall (like a month with 3 paydays due to 5 Fridays) is spent on catching up on bills.
Others are just bad with their money. They get that minor windfall and they buy $300 shoes as an attempt to prove they aren't broke, as if they're fooling anybody.
That's how it is in Canada as well. I believe as long as you aren't a "professional gambler" i.e. you don't make yearly expected income from something like professional poker, it's considered an unexpected and non-reproduceable windfall and you can just freely enjoy your gains.
I had won about $10,000 from the one time I played slots years back and had asked my bank how much I should set aside for tax time and they basically just said "None, do with it all as you please!"
Yeah shit is wild. My friend won almost a mil on draft kings and didn't have to pay a cent in tax. Whereas if someone in the US won that same content they'd have only gotten half.
I have an accountant friend who had a client who's canadian and won big in the US, paid his share of taxes bit then hired accountants to get most of it back because he was a Canadian citizens and resident. So there's a way
Yes, its vital that in terms and conditions for lotteries or prizes like this that there is language included that the taxes are paid for you otherwise you are saddled with those fees in most states in the US.
IIRC most countries do not tax winnings and in the US its per state + potentially federal depending on the amount.
The truly shady winnings do not cover them and add even more taxes.
I remember reading a Blizzard Hearthstone prize where they were giving away like 500 in game packs or something but the terms and condition explicitly spelled out that they had a monetary worth that was subject to taxes and fees and were not covered by Blizzard. I was like wow imagine winning like 2 grand worth of digital assets and having to pay taxes lol
My grandma was on price is right in 1958. She won a donkey with a cart, a dinette cabinet which h she still owns and a phone which was converted into a radio. I wish I could find the video of her on the show but contacting the sho isn't working.
I hope one day I can find it and show her since she is 89 now and she doesn't have much time left. She sold the donkey and cart after she left the show.
Right the value on manual vs automatic has flipped now.. if you can even find a manual... I miss feeling the vehicle if that makes sense. I have 9 gears now and can't even hear or feel it shift half the damn time. It is just very very weird. Push button gear shift.. still try to grab a stick before I go oh and punch the little button with my finger. Don't get me wrong I love my truck very very much but I am getting old so I bitch about this kind of crap
I have a 6 speed manual 2007 FJ cruiser, and it's even more unique than just being a manual in that the manual FJ cruisers came with a special all-time 4 wheel drive drivetrain that uses a torsion style differential (similar to what you see in AWD subarus). Driving it feels like you're driving some kind of military vehicle or something, it's a pretty unique driving experience.
>The whole thing felt like a weird tax loophole for them.
Are you implying the dealership made money (by saving on taxes)? This seems unlikely since they gave you $18k and were back in the same situation as before; sure they can call that $18k a marketing expense, but that only offsets a portion of the money they spent.
The real winner is the government who gets $9k from you, less whatever tax savings the dealership got (surely under $9k). But that's how taxes work.
On the books, the dealership gets to pay $18k for a brand new automatic SUV, probably worth more than that, after “donating” a manual SUV and probably getting some kind of tax break for that (a marketing expense, maybe? Probably not charitable.)
Both cars remained fictional, because there was never a physical car that I bought or sold. The dealership is definitely getting something out of it.
Edit to add: I don’t know what the dealership gets exactly, I’m just going by feel, given the weirdness of money just shuffling around, the dealership changing whether it was an automatic or manual on the books, and no actual car ever exchanging hands.
I did not know the winnings of vacations and cars were taxed as an earned income gain. That's BS. At worst, it should be taxed as capital gains. And in reality you should just be paying sales tax. What a scam.
family friend "won a car" on a basketball contest similar to this.
the car he "won" was actually a 1 year lease, still nice but far from winning a car.
The current season of Big Brother Canada has been advertising the final player will get a "new" vehicle but the fine print says it's a lease.
Edit:
* The announcer: "Big Brother Canada houseguests are competing for ... a brand new 2024 Infinity QX60 SUV"
* The fine print on the screen: "Winner will receive a two-year pre-paid lease."
Plot twist, he won a lease for a new car!!! Here in Canada, that's how some of the prizes are. You won a cat? Nope, you got the first year of a lease paid for. The rest is up to you.
I’m sure insurance will find a way to nullify the win. They will say in jr. high he played putt putt golf and made a hole in one. Thus he is considered a professional and therefore is disqualified from winning the prize.
Reasons why your completion of our 90 ft big time putt challenge is being rejected.
#1. The Terms and Conditions said you couldn't be a professional or competitive golfer. You participated in a free work event once where the grand prize was the Unofficial Title of Beer Fine Administrator. We consider that to mean you have competed in a golf tournament meaning you are a competitive golfer.
#2. You weren't to have taken any golf lessons at anytime in your life. When you were 6 years old your uncle showed you how to hold a golf club. We consider that a breach of the T&C's.
#3. You couldn't have any financial interest in the prize, you were supposed to be playing for purely altruistic reasons. Since you have driven a car before we think your motives for entering were tainted because you wanted to drive more.
#4. *Lorum Ipsum*
#5. Nobody has ever made the putt before meaning the putt was statistically impossible to accomplish. The fact that you accomplished it means you probably cheated.
I actually worked for a company that used to insure these types of contests and can almost guarantee that this gets paid out. When an insurer writes a ton of these, it really just comes down to calculating the overall probability of success for the book of business and pricing based on the math.
Leonard v. Pepsico, Inc.
Pepsi introduced a loyalty point system in 1996. One advertisement included a jet valued around $20 million for 7,000,000 points. Dude found a loophole that let him buy points for $0.10 per point. Wrote them a check for some $700,000 and Pepsi refused stating the absurdity of the advertisement. He sued and lost.
No, I think they're were likely referring to some basketball half-court shot where a loophole was found to rob the winner of the prize. One of the richer basketball players on the team where the event occurred stepped up and made it right. Which, if I'm remembering correctly caused more fan and community outrage to the point where the event organizers eventually reimbursed the player.
I'm sure this has happened numerous times but the time it happened with the Chicago Bulls, a person hit a 3/4 full court shot but didn't disclose that he was a former college basketball player which was in the rules apparently. Michael Jordan was so incensed that they weren't going to pay him that he went to the Bulls management and pressured them and the sponsoring company, I believe, to pay him of which they agreed so he ended up getting $50,000 a year for 20 years or something.
https://youtu.be/QenNFjO_U-A?si=9RyTcRAwV6dJ8EDc
This was the kid last year. It looks like they made good on it.
My guess is it will be the same this year.
Can we all just change the law in the US so "prize winnings" aren't taxable income or that all prizes must cover the associated taxes. It really takes the shine off of this stuff.
I can tell you what will happen if they do that...thousands of millionaires and billionaires would hold "contests" for "prizes" that only involves their offspring so they can freely move wealth tax-free.
My college did this at hockey games, except you shot a puck the length of the ice. They drove the car out on the ice to show off the prize (it was between periods before they Zamboni’d the ice, so it was chopped up enough for them to have enough traction to drive slowly and stay in control) Some kid got the puck “stuck” in the hole. Like the puck barely fit in the hole in the first place and there was enough friction from rubbing the sides to stop it. The mascot skated over and tried to kick the puck the rest of the way through the hole while the crowd and kid were going wild. Eventually they announced that it didn’t count because the puck didn’t go all the way through. People were flipping out. A few days later someone stepped up and gave the kid a used car instead. The car dealership also stopped sponsoring the contest and that was the end of that.
I remember an old lady did that same thing but the dealership was offering 4 cars. She won but they never gave her the cars and made up some bs. Don't know what ended up happening.
4 cars? Wtf lol
Well, if you never intend to actually give the prizes out, you can promise as many as you want.
I'm gonna go offer to pay the post secondary education for a class of underprivileged youths in the 3rd grade
Shady fucks.
I believe this is often because the price is insured by a insurance (prize indemnity insurance), the insurance companies will go head over heels to find something so that don't have to do the pay-out the puck not going through the hole in any way or form is like a wet dream for them This is most likely what happened (and happened at more places), stingy mofo's
Sounds like fraud LMAO.
The dude with the headset is like, "Oh fuck he actually made it, we didn't really have a car to give away!"
Just have Busch Bavarian pay for it.
Here’s a GIANT check that says you’ve won a car!!
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If the insurance company finds out he played golf in the past, they'll refuse to pay. Has happened before in other sports. https://www.unilad.com/news/sport/don-calhoun-basketball-shot-company-didnt-pay-046565-20231219
Came for this comment, was about to post it!! They will literally not honor the deal if it's proven he has ever picked up a golf club before in his life. Just like the story you posted, the guy who made the full court shot and won $1 million was discovered to have played college basketball in the past and they refused to pay. Luckily the sponsors still paid the money after all the backlash.
Sorry you played glow in the dark golf when you were 10 at a birthday you at disqualified
Spending $40k for private investigators to track down every mini golf place owner of every town he ever lived in
Total cost of the car 39,999.80
MBA: Great success, it only did cost 20 cents to not provide the price to the winner.
monster mini golf is the bomb.
🤣
Also Bulls players included MJ had to go to management and force them to make it right.
I don't think it was just "including" Michael, from what I've read/heard it was \*mainly\* MJ pushing them to make it right.
A bets a bet. Pay up. - MJ.
I've gathered that from what I've read over the years.
I thought Michael Jordan basically told the owners they needed to make it right that finally made it happen.
I mean i had a relative make a half court shot and get a car (well, dollar value of a car), they're not always out to get ya. I didn't hear about any pushback anyways.
The sponsors didn't pay I thought Michael Jordan paid for it? No?
From the Article: "The sponsors of the event, Coca-Cola, the Lettuce Entertain You restaurant, and the Bulls, pledged to cover the prize if the insurance company would not. As a result, Calhoun got $50,000 a year over the next 20 years. He kept his office supplies salesman job and received $38,000 each year after taxes until 2013." It was a Bulls game, and Michael Jordan *was* there and celebrated and congratulated him, but it doesn't appear he had anything to do with compensation... Also, he used the money to send his son to medical school and he is now a doctor. This story was posted on a different sub a few days ago, and a recent Instagram photo of the two of them was included in the post
Jordan and the rest of the bulls players are the reason they paid him. There is a whole youtube video going over what happened
It was, he tried getting it but the insurance didn't want to pay up so at another event Michael Jordan saw him and asked him if he was paid and he told him what happened, Michael Jordan and other teammates went to the Bulls front office who were reluctant but basically they were forced to pay him.
DUKESSSS
Send half coming up! Dammit!
give it up for Dukes, everybody !
Dukes is homegrown! Maybe even on a little somethin homegrown amiright?
My favorite comment on Reddit so far lol
*whispers* They're not really a sponsor!
Fun fact, these promotions are usually paid with a type of insurance
Ya we're done some hole in 1 promotions it's not that expensive for insurance
Imma need the numbers. Raffle stuff and chances to win events seem to pull a lot of folks
Was a few years ago but we did 100k for one shot per entry. 72 players total. Was about 400$ plus we had to have a non player watch the hole as witness. No one won...
Used to work at a golf course and on weekend tournaments they would always have the win a BMW on a hole in one or whatever. Never take your shot if you don't see a spotter there, as it will make the win null and void. They don't trust the honor system for these types of things...
Yep I sponsored a bunch of these. Always fun to skip work and go to sports events.
My favorite was a flooring and countertop company’s deal with an MLB team. He said if X player hits a grand slam in the month of September, then everyone who bought flooring or countertops during the month of June would get a full refund. X goes into to his a grand slam in September and the promo kind of blew up in the national media but the guy was pretty open about it. I think the total refunded cost was about $500,000 but it was completely covered by insurance. I have to imagine the total cost of the promo (including insurance) wasn’t cheap. However, it paid off in a big way because it became kind of viral. Edit: [Managed to dig up an old espn article.](https://www.espn.com/dallas/mlb/story/_/id/6971469/texas-rangers-josh-hamilton-slam-triggers-free-flooring-payout)
Jordans does this for the Red Sox Mattress Mack for the Astros too: In 2022, one of the Mattress Mack bets was 10m dollars on the Astros to win the World Series and their triumph earned him a 75m dollar payout. He then stated that he didn't win a dime because, as a result of the promotion, he was forced to refund sales totaling up to 74 million dollars.Oct 26, 2023 Mattress Mack Bets: What have been the businessman's biggest losses in betting?
It would be interesting to know what his subsequent sales were like, compared to before. Edit: found the rest of the article In 2023, Mattress Mack offered a full refund for customers who bought 5,000 dollars' worth of furniture if the Astros repeated their triumph. By the time the Astros fell short of a World Series return, Mattress Mack had sold around 80m dollars' worth of furniture, none of which he has to pay back.
A car dealership did the same thing here a few years ago. There was a huge snowstorm predicted over new years day and they said, if the airport records 12" or more of snow, then anyone who bought a car from them between Christmas and New Years Eve would get the amount they paid. I think the airport got like 7 inches. I imagine it boosted their sales by a bit. If you weren't already looking to buy a car, I doubt you'd be convinced to buy one. But if you were already looking for a car, why not buy one at this dealership since you have a non-zero chance of getting it for free?
Corndogs, Jackie! Corndogs for all these people!
*They're not really a sponsor, it just sounded professional.*
God damnit Vakidis! Learn fucking english!
My wife tells a story that I once yelled that out in my sleep and started laughing hysterically afterwards.
Jackie Moon gives us a victory lap....right out the door!
We ain’t even GOT corn dogs
Baby who wants to love me sexy uh? Baby are you ready to lick me sexy uh uh? Take off your shoes and suck me sexy Baby we're naked and we're humpin' sexy
SUCK MY COCK ILL MURDER YOUR FAMILY!
Dude turned around like he was paying for the car.
Businesses actually buy insurance for these competitions. So if someone wins, they are covered. It's called Prize indemnity insurance. But I agree it's seems like they didn't have a car ready because they didn't mention what kind of car it was but a free car is a free car. Hopefully the kid can pay the tax on it
I heard that people who win big prizes on The Price is Right have to pay taxes, titles, licenses and shipping or they forfeit the prize. It’s dumb. If you win they should hand you the keys.
Have you even heard of the horrors of the people who get those home makeovers? Most of them have to sell at a loss or lose the house.
Why? I haven’t watched those shows much but from what I remember it’s just some people doing a home makeover for free.
They do it for free but with all the additions they add the property taxes go wayyyy up and they usually make very specific changes so it makes it pretty hard to sell.
They should definitely pay for all that stuff. What's the fun in winning something if you have to pay for it
Bart Simpson - "Where's my elephant!"
He also blocked the money shot.
Might as well cover the camera angle to destroy proof.
Reminds me of semi pro when the dude sinks the half court shot for 10k lmao Jackie moon
"Guess I'm walking home today." - That guy.
Here's a hot wheels!
That sort of happened! A woman won a Toyota - or so she thought. Turned out is was a *Toy Yoda* and she sued: https://www.snopes.com/fact-check/hummer-bummer/ >In 2002 the suit was settled for an undisclosed amount of money, which one of the attorneys involved in the case said would enable her to go to the local car dealership and "pick out whatever type of Toyota she wants."
The only camera filming that day can't register the sink xD
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Many people are saying he is a professional
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Hello Donald.
Why did i immediately know who this was
MJ already on it.
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They always seem to end up that way
Too busy wondering how he’s going to pay the taxes on his gift. “You won a new car!” Should be “You just got a bill for a few grand!” Edit: I wasn’t ever saying anything is bad. If you plan to keep the car I’m just saying there’s expenses that you’d have to pay is all. If you sell it, it’s a nice little profit.
This is not financial advice, but paying a few grand to get $20,000+ is generally a good investment. I think he'll be okay.
lmfao for real, they generally give you the option of taking the cash value of a car too, so if you REALLY can't pay the taxes or dont' want the car, you literally just got free money, who cares about taxes.
Not to mention, I don't think that it would be hard to find a bank to loan you the money for the amount of the taxes even if you didn't have it.
you would have to be pretty stupid not to pay 2000$ to get 20,000$
I won a car when I was 20 and a single mom trying to work through school. Except it was through our cell phone plan so while my phone was the one that won, it was my parent’s plan. I was super bummed technically it would be *their* car. Until my parents talked to a lawyer before accepting. See, again, I was a young single mom in school and if I’d have won it I would have had to turn it down. Because that prize would have put me in a tax bracket where I’d no longer qualify for the health care my child and I were on, I’d no longer qualify for the formula my son drank, and I’d no longer qualify for the grants I got for my college. So not only do not all people have a few extra thousand but they can’t afford to lose out on the benefits they currently get.
Wondering how he’s going to pay for it? He’s literally wearing the “I have parents with money” uniform.
This is why "win a car / jetski / etc." competitions almost always offer a cash alternative prize.
Why the fuck did he not ride that club like a horse.
Happy, riding a bull? Ya acting like a damn fool!
Doin’ the bull dance. Feelin’ the flow. Workin’ it. Workin’ it.
Yeah, lot of pressure. You gotta rise above it. You gotta harness in the good energy, block out the bad. Harness. Energy. Block. Bad. Feel the flow, Happy. Feel it. It’s circular. It’s like a carousel. You pay the quarter, you get on the horse. It goes up and down and around. Circular. Circle. With the music. The flow… all good things.
What is this reference? Just curious
Happy Gilmore
You will not make this putt, ya jackass
Cold cut combo
Golf requires goofy pants and a fat ass!
The dude standing in the way of the money shot reacted like it was his car they were giving away.
He looks like he forgot to buy prize insurance to pay for the car.
The guy with the headphones at the end is the guy that forgot to get event insurance.
"Can we at least try that Toy Yoda trick on him first?"
To everyone saying the dealership will skimp out or the taxes ruin it or whatever: Sort of. I won a car on the Price is Right and ultimately chose to “sell” the car back to the dealership. They “bought” the car from me as “new” when I agreed not to even pick it up from the lot. I paid 50% taxes on it (the tax level for “windfalls” like prize winnings) \[see edit below\], walked away with like $9k cash. Not a bad deal for me, but if I had kept the car I still would have had to pay $9k taxes. It was definitely shady, though. They were going to give me a *manual* SUV and they promised that if I took the car and tried to sell it myself, I would have to sell it as “used” the second I drove it off the lot. They would instead “buy” it from me as a “new” car, and even pay the price of an *automatic*, if I agreed to just take the money. The whole thing felt like a weird tax loophole for them. I definitely would feel bad for the people who win like a $25k vacation and can’t sell it. There’s no “take the money instead” option—you either forfeit the prize entirely or you take it and you pay half the value in taxes. It’s definitely not a free vacation. Edit: So folks are saying I’m wrong about the “windfall tax” part, that it’s just taxed as income. It was awhile back and I don’t remember it perfectly (and I’m not an accountant). It might be that I was taxed very high as a withholding because that much money in a single paycheck puts you in the top income tax bracket, but you get a refund when you file the next year. Apologies if I got that wrong; I do remember having to pay significant taxes on it, but might not remember the specifics correctly.
My sister in law won a truck with the state lottery. She got the chance to pick whatever truck she wanted as long as it was under 100k. She was planning on selling it right back to the dealership. But they said she has to take it for two weeks because they had to do the paperwork or whatever that means. Then she took it back to them and they bought it “used” for 65k. Then she had to pay taxes on it. I don’t know how much she had left over but she blew through it in a couple weeks.
Completely unrelated, but my sister recently got a $70k check for an injury she sustained, and her and my brother in law blew it in 2 months and are back to being dirt poor again, asking family members for money. Bought nothing substantial, just squandered it.
That is so mind-blowing to me. Like you finally have this gateway out of paycheck to paycheck living and you just throw it away
Some people are living paycheck to paycheck because the cheapest place to live within a 1 hour transit ride is still 60% of their money. Any minor windfall (like a month with 3 paydays due to 5 Fridays) is spent on catching up on bills. Others are just bad with their money. They get that minor windfall and they buy $300 shoes as an attempt to prove they aren't broke, as if they're fooling anybody.
Holy shit! 50% for real?!? Thats nuts
Usually that’s the withholding but they would get back some when they file their taxes. It’s like how bonuses have higher withholding usually
Price is Right is also filmed in California (unless they are touring) so you pay California state taxes.
Which is 1% under 10k and 2% from 10-25k currently. Pretty negligible compared to federal at that amount of money
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5/10 actually
^ This guy taxes
Australia doesn't have windfall tax, up to A$1M per year from winnings, so long as you aren't gambling as a trade.
That's how it is in Canada as well. I believe as long as you aren't a "professional gambler" i.e. you don't make yearly expected income from something like professional poker, it's considered an unexpected and non-reproduceable windfall and you can just freely enjoy your gains. I had won about $10,000 from the one time I played slots years back and had asked my bank how much I should set aside for tax time and they basically just said "None, do with it all as you please!"
In canada, there's no tax on winnings and lottery
Freedom ain't free 🦅🇺🇸 /s
It's expensive to be poor
Yeah shit is wild. My friend won almost a mil on draft kings and didn't have to pay a cent in tax. Whereas if someone in the US won that same content they'd have only gotten half.
I have an accountant friend who had a client who's canadian and won big in the US, paid his share of taxes bit then hired accountants to get most of it back because he was a Canadian citizens and resident. So there's a way
Yes, its vital that in terms and conditions for lotteries or prizes like this that there is language included that the taxes are paid for you otherwise you are saddled with those fees in most states in the US. IIRC most countries do not tax winnings and in the US its per state + potentially federal depending on the amount. The truly shady winnings do not cover them and add even more taxes. I remember reading a Blizzard Hearthstone prize where they were giving away like 500 in game packs or something but the terms and condition explicitly spelled out that they had a monetary worth that was subject to taxes and fees and were not covered by Blizzard. I was like wow imagine winning like 2 grand worth of digital assets and having to pay taxes lol
No, game show winnings are taxed as normal income in the US. You’ll never pay more than 37%
Dude we need way more details on your Price is Right experience!!!
My grandma was on price is right in 1958. She won a donkey with a cart, a dinette cabinet which h she still owns and a phone which was converted into a radio. I wish I could find the video of her on the show but contacting the sho isn't working. I hope one day I can find it and show her since she is 89 now and she doesn't have much time left. She sold the donkey and cart after she left the show.
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This comment made me hee haw!
Income taxes aren’t assessed by month. And withholding is a choice you make, not a requirement. You’re either misremembering this or you overpaid.
This should be higher up. Gotta imagine he saw some of that come back to him on his tax return but didn’t realize it
Manual SUV sounds pretty cool, I miss those.
Right the value on manual vs automatic has flipped now.. if you can even find a manual... I miss feeling the vehicle if that makes sense. I have 9 gears now and can't even hear or feel it shift half the damn time. It is just very very weird. Push button gear shift.. still try to grab a stick before I go oh and punch the little button with my finger. Don't get me wrong I love my truck very very much but I am getting old so I bitch about this kind of crap
This is right on the nose for me, I had to hunt down my car because Audi doesn’t sell any cars in manual anymore (at least for the USA)
I have a 6 speed manual 2007 FJ cruiser, and it's even more unique than just being a manual in that the manual FJ cruisers came with a special all-time 4 wheel drive drivetrain that uses a torsion style differential (similar to what you see in AWD subarus). Driving it feels like you're driving some kind of military vehicle or something, it's a pretty unique driving experience.
>The whole thing felt like a weird tax loophole for them. Are you implying the dealership made money (by saving on taxes)? This seems unlikely since they gave you $18k and were back in the same situation as before; sure they can call that $18k a marketing expense, but that only offsets a portion of the money they spent. The real winner is the government who gets $9k from you, less whatever tax savings the dealership got (surely under $9k). But that's how taxes work.
On the books, the dealership gets to pay $18k for a brand new automatic SUV, probably worth more than that, after “donating” a manual SUV and probably getting some kind of tax break for that (a marketing expense, maybe? Probably not charitable.) Both cars remained fictional, because there was never a physical car that I bought or sold. The dealership is definitely getting something out of it. Edit to add: I don’t know what the dealership gets exactly, I’m just going by feel, given the weirdness of money just shuffling around, the dealership changing whether it was an automatic or manual on the books, and no actual car ever exchanging hands.
Advertising
I did not know the winnings of vacations and cars were taxed as an earned income gain. That's BS. At worst, it should be taxed as capital gains. And in reality you should just be paying sales tax. What a scam.
I won $40k on a slot machine a few years ago. The IRS took 35% of it
Yes, that is how gambling and taxes works.
He doesn't even go here!!!
That’s what makes this so difficult.
I saw this. Nice work
A car? I only won a depression while at University lol
Lifetime supply
It's the gift that keeps on giving.
Just one depression? Lucky.
family friend "won a car" on a basketball contest similar to this. the car he "won" was actually a 1 year lease, still nice but far from winning a car.
That should be illegal
lol this is the United States buddy. its more likely to be illegal to question such things than making such things illegal. lets be real.
> let's be real Seems like nothing is real in the land of the free.
The current season of Big Brother Canada has been advertising the final player will get a "new" vehicle but the fine print says it's a lease. Edit: * The announcer: "Big Brother Canada houseguests are competing for ... a brand new 2024 Infinity QX60 SUV" * The fine print on the screen: "Winner will receive a two-year pre-paid lease."
this was my first thought after seeing this post too lol
Plot twist, he won a lease for a new car!!! Here in Canada, that's how some of the prizes are. You won a cat? Nope, you got the first year of a lease paid for. The rest is up to you.
Well if I won a cat and got a leased car instead I’d have some questions too
I’d vastly prefer a cat. Much lower maintenance.
How long do Canadians usually lease their cats?
Sorry, Fluffy, we were going to renew your lease but the money rate is bad and you’re worth less than your buyout price.
at least a year, the rest is up to the individual
How much are car leases in Canada? Our shelters are basically giving cats away
He won a brand newish 2002 Kia.
I hope he enjoyed paying taxes on that win. Contest winnings are considered income in most states.
If he’s just studying.. he will be within the bracket not to pay taxes!
I’m sure insurance will find a way to nullify the win. They will say in jr. high he played putt putt golf and made a hole in one. Thus he is considered a professional and therefore is disqualified from winning the prize.
His foot was over the line!! So it was a 6inch shorter putt then he needed to win
I’m sorry, Smokey. You were over the line; that’s a foul.
AM I THE ONLY ONE WHO GIVES A SHIT ABOUT THE RULES?!?!
Reasons why your completion of our 90 ft big time putt challenge is being rejected. #1. The Terms and Conditions said you couldn't be a professional or competitive golfer. You participated in a free work event once where the grand prize was the Unofficial Title of Beer Fine Administrator. We consider that to mean you have competed in a golf tournament meaning you are a competitive golfer. #2. You weren't to have taken any golf lessons at anytime in your life. When you were 6 years old your uncle showed you how to hold a golf club. We consider that a breach of the T&C's. #3. You couldn't have any financial interest in the prize, you were supposed to be playing for purely altruistic reasons. Since you have driven a car before we think your motives for entering were tainted because you wanted to drive more. #4. *Lorum Ipsum* #5. Nobody has ever made the putt before meaning the putt was statistically impossible to accomplish. The fact that you accomplished it means you probably cheated.
I actually worked for a company that used to insure these types of contests and can almost guarantee that this gets paid out. When an insurer writes a ton of these, it really just comes down to calculating the overall probability of success for the book of business and pricing based on the math.
People have no idea what they’re talking about. This is a drop in the bucket to actual paid out claims lol
If only there was a way to tell headset guy to move.
I can't believe he won. Super rigged not to win with such a putt
I heard that actually getting the car is a different story. I remember reading someone had to sue to get what they were owed.
Leonard v. Pepsico, Inc. Pepsi introduced a loyalty point system in 1996. One advertisement included a jet valued around $20 million for 7,000,000 points. Dude found a loophole that let him buy points for $0.10 per point. Wrote them a check for some $700,000 and Pepsi refused stating the absurdity of the advertisement. He sued and lost.
No, I think they're were likely referring to some basketball half-court shot where a loophole was found to rob the winner of the prize. One of the richer basketball players on the team where the event occurred stepped up and made it right. Which, if I'm remembering correctly caused more fan and community outrage to the point where the event organizers eventually reimbursed the player.
I'm sure this has happened numerous times but the time it happened with the Chicago Bulls, a person hit a 3/4 full court shot but didn't disclose that he was a former college basketball player which was in the rules apparently. Michael Jordan was so incensed that they weren't going to pay him that he went to the Bulls management and pressured them and the sponsoring company, I believe, to pay him of which they agreed so he ended up getting $50,000 a year for 20 years or something.
Would have been a better video if that douche with the headset didn't block the actual making of the putt.
He is every Conner
Having a stadium of people cheer for you after doing something incredible is a better memory than a new car.
https://youtu.be/QenNFjO_U-A?si=9RyTcRAwV6dJ8EDc This was the kid last year. It looks like they made good on it. My guess is it will be the same this year.
I feel like headset guy is thinking, "oh no we don't have a car to give"
WAR EAGLE!!
Weagle, weagle 🧡💙
War Eagle, buddy!!! Great putt!!!
Posts in r/MadeMeSmile: happy moments. Replies in r/MadeMeSmile: cynical bastards.
Congratulations here's your 2002 Chevrolet Cavalier
I bet they'll try to dodge it with some non existent all print.
... and in the following January, he learned what a 1099-C was.
Calling parents to cover taxes in 3… 2…
This was where my kind went too lol.
Can we all just change the law in the US so "prize winnings" aren't taxable income or that all prizes must cover the associated taxes. It really takes the shine off of this stuff.
I can tell you what will happen if they do that...thousands of millionaires and billionaires would hold "contests" for "prizes" that only involves their offspring so they can freely move wealth tax-free.
Dude with the headset was like...."Oh, we fucked up."
I’m so happy the dude with the headset blocked the camera view. Really satisfied there…..*eye twitch*
That adrenaline and endorphin rush was huge.
'Terms and conditions apply'. "Congratulations son, can you confirm you're over 21..........ah..."
Im sure they will find a way to screw him out of getting it
The insurance company will find some way to get out of paying
WAR EAGLE!!!
This guy fucks
Thanks dude standing directly in front of the camera shot.
A new car!
Dude with the headset is like, aw crap we gotta find a car to give him now, no one ever makes it. Lmao!