Malik
Superstar
One of my closest friends was on Extreme Home Maker. They still got their crib. Inside, it looks like one of the houses off of the Real World
Unless you can do it off the books, that should be recorded as income. So, you would be taxed twice.
Of course you could do it in different years, but there's still no way to hide $20,000.
The Oprah thing is also how record labels were getting artists. Give them a car or house instead of cash, but it's still considered income, so they end up having Uncle Sam on their a$$
Same shyt must happen with pimp my ride.
I always wondered of someone ever got car jacked for their pimp my ride car.
I read the one about Ramsay before.
I used to watch storage wars but that shyt got so fake it was obvious.
“Let’s face it, most of us had a foot in the grave to begin with,” said Timothy Queisser, owner of the Snooty Fox in Indianapolis, which showed up in Season 2 and closed last October after nearly 30 years. To Mr. Queisser’s dismay, Mr. Irvine gave his restaurant a pub motif and some British entrees, a dramatic departure in cuisine, the Anglophilic name notwithstanding.
“How often do people say they want to eat British?” asked Mr. Queisser, who now works for a company that manages gasoline stations and convenience stores. The rebranding actually worked for more than a month, thanks to curiosity seekers who had heard about the renovation. During this initial onslaught, Mr. Queisser recruited his brother, a chef, who took a look around and issued a dire prediction.
“He said, ‘You won’t have time to build a new reputation, and in the meantime your old customers won’t like what’s happened and will leave,’ ” Mr. Queisser said. “And he was right. Ten or 12 weeks later, it was like the lights went out.”
Mr. Queisser wound up with a few thousand dollars’ worth of shrimp, fillets and cod for fish and chips in his freezer. “I’m not going to say they were the demise of us,” he said. “They did a good job redecorating. They gave us a badly needed shot of P.R. But they kind of left us in the lurch.”
How hard is it to do 30 mins of cardio 3 times a week to keep that weight off.
I was on Pimp My Ride. AMA : IAmAI agree with you 100%. I actually had to sign a contract that prohibited me from listing their final product on eBay, which I did. I was contacted by Viacom about 3 hours later, ordered to take it down. I then got the contact info of the company that made the Jackhammer woof and made a deal. The problem with the show is, they don't fix any of the mechanical issues, and my car was a piece of shyt. What they did was make my piece of shyt sound exceptionally awesome, which is great. Just not great enough to drive on roads.
Unless you can do it off the books, that should be recorded as income. So, you would be taxed twice.
Of course you could do it in different years, but there's still no way to hide $20,000.
The Oprah thing is also how record labels were getting artists. Give them a car or house instead of cash, but it's still considered income, so they end up having Uncle Sam on their a$$
It doesnt matter if you got taxed even 3 times.......its more money than you had when you walked into the Oprah studio. Id be more than happy to clear a 20K prize and pay 10K in taxes on it.
This^^^
But why couldn't she say it was a gift and not a prize like the article said?
Probably some legal angle I'm not aware of.
Was Oprah ever pretending she paid for the cars?
Or did she say upfront "the kind people at *insert dealership* have given me cars to give away...."
You see, for the purposes of her own tax records, Oprah declared all of her giveaway cars "prizes" instead of gifts. This may seem like a trivial distinction, but as far as the IRS is concerned, anything that's designated a gift is non-taxable, but a prize is basically just like any other income. This is why you never had to pay taxes on that Super Nintendo your grandmother gave you.
But Grandma wasn't able to deduct the purchase of the Nintendo from her taxes, either, which is why Oprah didn't want to go that route.