Survive This. 16 replies

  • 1
  • 2

Please wait...

Guns4Hire

I'm too cool to Post

50 XP

22nd September 2002

0 Uploads

15,559 Posts

0 Threads

#1 12 years ago

http://www.cnn.com/2006/LAW/05/16/survivor.taxes.ap/index.html

PROVIDENCE, Rhode Island (AP) -- Richard Hatch, who won $1 million in the debut season of "Survivor," was sentenced Tuesday to 51 months in prison for failing to pay income taxes on his reality TV prize and other earnings.

What a tool. Wins a million bucks and is too cheap/stupid to pay the taxes. They should film him whining in jail. I'd watch that.




SilentScythe

Pyro Lover

50 XP

21st February 2006

0 Uploads

4,330 Posts

0 Threads

#2 12 years ago

there's an example of a grade-a moron




fett321

Looking for sanity

50 XP

3rd March 2006

0 Uploads

365 Posts

0 Threads

#3 12 years ago

Probably believed the old myth that rich people don't have to pay taxes. The only way you could do that is to have a very good accountant who can make donations so that you pay the least. Unbelievable.




Nostradamouse

The Arrogant French Prick

50 XP

5th December 2004

0 Uploads

4,501 Posts

0 Threads

#4 12 years ago

Well, fett, here in quebec, someone gaining a prize from the government led lottery won't have to pay taxes on it, only interests resulting from it.




Jackthehammer

You can either agree with meor be wrong.

50 XP

12th November 2003

0 Uploads

16,767 Posts

0 Threads

#5 12 years ago

he s gonna make a lot of friends in jail :naughty:




fett321

Looking for sanity

50 XP

3rd March 2006

0 Uploads

365 Posts

0 Threads

#6 12 years ago

I do know about the taxes being paid on the interest only. In the states, you have to pay taxes on any prize money. That is why I would recommend a good accountant if you don't want to pay any taxes at all. Don't forget that taxes on the interest is still a lot of money, especially in the case of the Super7 winners.($30million). A good accountant can find ways for you to pay less than you would normally have to, legally of course.




Dr.Fritz

Promiscuous Girl

50 XP

6th July 2005

0 Uploads

5,842 Posts

0 Threads

#7 12 years ago

I watched that survivor, and wasn't that the guy who fell into the fire and burned his hand? I didnt like him much anyway.




DavetheFo

RogueDevil / Rogue Angel

50 XP

29th May 2003

0 Uploads

8,689 Posts

0 Threads

#8 12 years ago

You have to pay taxes on prize money?

Wheres the point in winning it at all? Tax on interest, yeah, thats fair enough.




Guns4Hire

I'm too cool to Post

50 XP

22nd September 2002

0 Uploads

15,559 Posts

0 Threads

#9 12 years ago

DavetheFoYou have to pay taxes on prize money?

Wheres the point in winning it at all? Tax on interest, yeah, thats fair enough.

In my state:

FEDERAL TAX REQUIREMENTS FOR LOTTERY PRIZES The Energy Policy Act of 1992, section 1942, requires the New Jersey Lottery to withhold a minimum 25% of all prize payments to any Lottery winner who has won more than $5,000 on any Lottery wager. At the end of the year, the winner will receive a W2-G form to properly credit the withholding as a tax payment on their federal income tax form.

New Jersey residents who win a New Jersey Lottery prize are not required to pay any New Jersey state income tax on their winnings. Winners who do not possess a social security number are subject to a 30% federal income tax deduction on any prize over $599.50.




White_Fox

The Internet ends at GF

50 XP

13th February 2006

0 Uploads

110 Posts

0 Threads

#10 12 years ago

Ha ha that poor silly wank!




  • 1
  • 2