|
|
Post by Cleaner Of Fortune on Jun 22, 2019 21:16:51 GMT -5
Just a thought: I know that in the UK and Australia, winnings on game shows are tax-free.
Any thoughts on why America doesn't have any tax exemptions on game show winnings?
|
|
|
|
Post by jeopardyfan939 on Jun 24, 2019 11:16:10 GMT -5
In the case with James Holzhauer, he had to pay almost half of his Jeopardy! winnings in taxes, both federal and state. He is a Nevada resident but had to pay California taxes because of where Jeopardy! is taped.
The IRS considers game show winnings as ordinary income, thus taxes them up to 37 percent.
|
|
aaaa
BANHAMMER'D
Posts: 315 
|
Post by aaaa on Jun 24, 2019 19:25:06 GMT -5
Millionaire had a gimmick on the 2/18, 2/21, 2/22, and 2/23/2001 episodes during the Regis run in conjunction with H&R Block where a contestant could also win, courtesy of H&R Block, money to cover the taxes.
|
|
