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‘Price Is Right’ Contestant Chooses $1,500 Over A Chance To Win A Car, Drew Carey Can’t Believe It

‘Price Is Right’ Contestant Chooses $1,500 Over A Chance To Win A Car, Drew Carey Can’t Believe It

Kevin was pretty dead set on taking home the cash instead of risking it all on another roll of the dice, and it took host Drew Carey a couple of times to believe what he was hearing.

One reply on “‘Price Is Right’ Contestant Chooses $1,500 Over A Chance To Win A Car, Drew Carey Can’t Believe It”

When you win cash or merchandise you have to pay income tax only. When you win a car, you have to pay the state sales tax on the car AND the value of the car is also considered taxable income for both federal and state. This adds up to thousands of dollars. The winner often has to pay the state sales tax immediately or forfeit the car. Sometimes a small cash prize is better than a car you can’t afford to pay the taxes on.

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