TPiR Recap - 3/13/2024

[Eddie]

The perfect Switcheroo playing was amazing for sure.

But it’s hard to believe we came one Gas Money pick short of a perfect show.

[DebonairDylan]

You're allowed to just forfeit the car and take the $10,000.

I don't know what else to say that can't be read in the recap or hasn't been mentioned here. Just an amazing show from start to finish.

Interesting. I always just assumed you had to take either everything or nothing at all.

[Wayoshi]

This was a great show indeed. I knew the Kia Forte was $23,xxx, but would have considered bailing anyway because then I have to pay a lot of taxes on something I may not need at the moment. This may not technically have been a perfect show, but in my book, it was in that everybody who got up on stage won something big.

This is absurd... you can also claim the car then sell it.

[DebonairDylan]

This is absurd... you can also claim the car then sell it.

True, although that assumes I can afford to even take possession of the car. How much taxes would I have to pay just to afford to be able to take possession of it? I'm not interested in burning a good chunk of my money on something I don't need right now (I don't even drive so would I even be allowed to take possession of it?). Not to mention, I think you have to pay taxes on the money alone.

[b_masters8]

Not to mention, I think you have to pay taxes on the money alone.

So basically, they've got you over a barrel, I take it-- you win a car, and you realize you owe taxes on it, as you would on any prize, so you hope to win $10K or even $25K to have possibly enough to pay those taxes. Little do you realize, you have to pay taxes on that money too, so you still may not have enough even with that to pay the taxes on the car, unless you won $25K on Punch-A-Bunch, $25K on the Wheel, and a car in the Showcase (that's how I'm understanding you here).

[SeaBreeze341]

Everyone's situations are different.  If I'm in the spot, I'd either take it or leave it.  Probably due to need more than cost, but the latter is still a factor.

For me, the win is all that counts, since I don't need a car.  Still taxes are an unfortunate hinderance when it comes to prizes on TPIR