[quote=livinincali][quote=flu]This really isn’t any different than people who win all those big prizes on the Price is Right… They lady who recently won then Audi R8 convertible is most likely going to take the cash prize instead of the actual car… I seriously doubt she has the finances to pay for the income taxes, registration,etc for a $150k+ new car…
There is no option for a cash prize on the price is right. You can either take the prize and pay income taxes on the full retail amount or you can forfeit the prize. For a specialty item or something non transferable like a trip that would be hard to sell on craigslist for something at least 50% of full retail it might be better to just forfeit prize.[/quote]
Well maybe not anymore, but at about 10 years ago, a friend of a friend who mentioned they won showcase on TPIR mentioned that they were offered cash in lieu of the prizes at the end… It was kinda a random meeting awhile ago…. We got on the topic of gameshows, because my friend was on going to be on Jeopardy, so one of his friends started talking about TPIR, because she mentioned about winning the showcase, and we were all thinking how did you pay for the taxes on it….
Some of it had to do with if the items were already shipped yet or not….(technicalities)…
