docjames
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- Jul 10, 2007
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Interesting article in the news about Oprah Winfrey’s car give away. It cost the company over 7million USD for everyone to receive a car. But what the show didn’t highlight was that each recipient had to pay up to $7000 in Government Taxes depending on their income. The audience were pre selected in terms of need for updating their car. They were hardly likely to afford stumping up that cash. But what a weird tax system they have in the US. They were offered cash in lieu of the car if they didn’t want to pay that tax.
Would be interesting to know the split of cash v car takers?