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I know in American casinos if you hit a jack pot Uncle Sam is right there for his cut, what about game shows?

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  • I know in American casinos if you hit a jack pot Uncle Sam is right there for his cut, what about game shows?


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Answer #1 | 19/12 2013 08:04
Taxes on anything you make or per IRS code "income is an accession to wealth". This includes prizes you win. You sell the prize, pay the tax and keep the extra money--best idea.
Positive: 91 %
Answer #2 | 20/12 2013 14:56
Games like the Price Is Right you have to pay the taxes before you get your prizes or you can refuse the prizes
Positive: 85 %

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