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  #1  
Old 05-01-2010, 06:49 PM
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eajinabi eajinabi is offline
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tax free too
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  #2  
Old 05-01-2010, 06:55 PM
Port Conway Lane Port Conway Lane is offline
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tax free too
I don't think so
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  #3  
Old 05-01-2010, 07:00 PM
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Left Bank Left Bank is offline
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Bob Costas wears a piece?
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Old 05-01-2010, 07:01 PM
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Bob Costas wears a piece?

just for men i think.
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  #5  
Old 05-01-2010, 07:01 PM
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I would love to have to pay the taxes on that bet.

My broke a s s would be doin the CHA CHA CHA.............
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  #6  
Old 05-01-2010, 07:00 PM
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tax free too

lol

i seriously doubt that.
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  #7  
Old 05-01-2010, 07:06 PM
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lol

i seriously doubt that.
Why wouldnt it? Its less than 600 times the base wager.
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  #8  
Old 05-01-2010, 07:06 PM
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Why wouldnt it? Its less than 600 times the base wager.

because he won a contest to begin with-he didn't bet his own money. but i wish i had the problem of figuring it all out.
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  #9  
Old 05-01-2010, 07:11 PM
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because he won a contest to begin with-he didn't bet his own money. but i wish i had the problem of figuring it all out.
Probably only has to pay taxes on the 100k
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  #10  
Old 05-01-2010, 07:17 PM
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Travis Stone Travis Stone is offline
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Very cool!
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  #11  
Old 05-01-2010, 07:20 PM
Port Conway Lane Port Conway Lane is offline
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Probably only has to pay taxes on the 100k
Actually I think he will only have to pay taxes on gambling income of 800k and prize money of 100k.
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  #12  
Old 05-01-2010, 07:27 PM
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Actually I think he will only have to pay taxes on gambling income of 800k and prize money of 100k.
I dont understand how he needs to pay taxes on the 800k he recieved from CD. He/NBC placed a 100k win bet which which ended up being only 8 times the amount of the base wager. IRS comes into place only if its 600 times.

I can see that he would need to pay taxes on the 100k prize money. Whatever it is, the guy did not have to put a single dime of his own money to win all that. Great win for him.
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  #13  
Old 05-01-2010, 07:23 PM
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2Hot4TV 2Hot4TV is offline
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Probably only has to pay taxes on the 100k
I would plan on paying on the whole thing. Nice problem to have.
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