Author Topic: Hatch goes away... (Read 5161 times)

MSTieScott · « **Reply #15 on:** July 26, 2006, 04:46:09 PM »

I know that on Price, winnings are subject to federal tax and California state tax, since the prize was won in California. Out-of-state winners are encouraged to talk to their accountants about how to avoid paying their own state's income tax on their winnings, since they've already paid California tax.

(Which leads me to wonder... if you're a contestant on Wheel when they tape in, say, Florida, are the winnings still subject to California tax as opposed to Florida tax?)

[quote name=\'sshuffield70\' post=\'125234\' date=\'Jul 26 2006, 12:02 PM\']What about all those Canadians who come down here to win tax free dough?[/quote]
They also have to pay U.S. federal and California taxes.

[quote name=\'uncamark\' post=\'125226\' date=\'Jul 26 2006, 11:26 AM\']but is there any show out there these days besides "Playmania" where the minimum winnings are *under* $600?[/quote]
On Price, you could win a sub-$600 One Bid and then lose your pricing game. If a Family Feud family loses Fast Money, each member will receive less than $600. But that's all I can think of.

--
Scott Robinson

(Okay, in theory, Millionaire could have a sub-$600 winner, but really...)

clemon79 · « **Reply #16 on:** July 26, 2006, 04:49:13 PM »

[quote name=\'MSTieScott\' post=\'125267\' date=\'Jul 26 2006, 01:46 PM\']
(Which leads me to wonder... if you're a contestant on Wheel when they tape in, say, Florida, are the winnings still subject to California tax as opposed to Florida tax?)
[/quote]
I'm gonna guess yes. (I don't think Florida has a state income tax, which is one of the reasons so many professional athletes and so forth maintain residences there.) The reason I'm gonna make this guess is that regardless of whether they tape in California, Florida, or on the moon, the checks are still being cut out of the production offices, which are in California, and that's what the IRS is interested in.

Kevin Prather · « **Reply #17 on:** July 26, 2006, 05:25:25 PM »

[quote name=\'clemon79\' post=\'125266\' date=\'Jul 26 2006, 01:46 PM\']
Dude, you grew up here, I don't care if you're still in high school, how do you not know that?

[/quote]
Hey, I'm still trying to figure out why Medicare tax gets deducted from my paycheck. I'm sixteen! I don't need flippin' Medicare!

clemon79 · « **Reply #18 on:** July 26, 2006, 05:41:32 PM »

[quote name=\'whoserman\' post=\'125270\' date=\'Jul 26 2006, 02:25 PM\']
Hey, I'm still trying to figure out why Medicare tax gets deducted from my paycheck. I'm sixteen! I don't need flippin' Medicare!

[/quote]
Wait until you figure out which part of your check is going into the Social Security pool that you'll never see a dime of.

Matt Ottinger · « **Reply #19 on:** July 26, 2006, 09:04:04 PM »

[quote name=\'MSTieScott\' post=\'125267\' date=\'Jul 26 2006, 04:46 PM\'][quote name=\'uncamark\' post=\'125226\' date=\'Jul 26 2006, 11:26 AM\']but is there any show out there these days besides "Playmania" where the minimum winnings are *under* $600?[/quote]
On Price, you could win a sub-$600 One Bid and then lose your pricing game. If a Family Feud family loses Fast Money, each member will receive less than $600. But that's all I can think of.[/quote]
You're not trying very hard. Aside from Jeopardy, whose third-place contestant gets $1000, I'm finding it hard to come up with any game shows where it's not at least possible to win something less than $600. (Unless Wheel upped its minimum from $500 when I wasn't looking.) Lovely Parting Gifts count, you know.

Robert Hutchinson · « **Reply #20 on:** July 26, 2006, 10:02:30 PM »

Wheel did raise the consolation cash to $1000, actually.

MSTieScott · « **Reply #21 on:** July 27, 2006, 04:11:50 PM »

[quote name=\'Matt Ottinger\' post=\'125291\' date=\'Jul 26 2006, 08:04 PM\']Lovely Parting Gifts count, you know.[/quote]
True, though I left out Price because it would have been awkward to list that sometimes, though not always, the consolation prizes total less than $600. And I don't know whether Feud even gives consolation prizes to its contestants.

I realize now that I forgot about GSN, so there are also I've Got a Secret contestants whose secrets are guessed and Lingo contestants who don't make a Lingo in the end game.

Oh, and Deal or No Deal. On very rare occasions.

--
Scott Robinson

JayDLewis · « **Reply #22 on:** July 27, 2006, 10:31:10 PM »

Question: What about cumulative winnings?

Say you're on 2 shows and win a total of less than $1,200. That would have to be claimed, yes?

clemon79 · « **Reply #23 on:** July 27, 2006, 10:34:18 PM »

[quote name=\'JayDLewis\' post=\'125433\' date=\'Jul 27 2006, 07:31 PM\']
Say you're on 2 shows and win a total of less than $1,200. That would have to be claimed, yes?
[/quote]
Yes.

vtown7 · « **Reply #24 on:** July 27, 2006, 10:59:21 PM »

I don't know what the rates are nowadays, but on Wheel I paide 7% Calif state tax and 30% federal - which were taken off the top for my conviencence. Any reason why they don't do this for everyone? Or maybe they do?

FWIW, I got a good chunk of the state tax back about 3 months past the initial prize cheque, and then the federal came four years later...

R.

Steve McClellan · « **Reply #25 on:** July 27, 2006, 11:05:31 PM »

[quote name=\'vtown7\' date=\'Jul 27 2006, 07:59 PM\']I don't know what the rates are nowadays, but on Wheel I paide 7% Calif state tax and 30% federal - which were taken off the top for my conviencence. Any reason why they don't do this for everyone? Or maybe they do?[/quote]
To my knowledge, US residents outside of California only have the California tax withheld, and I believe Californians have none withheld. So, it appears that you only have taxes taken out from jurisdictions in which you don't live and otherwise wouldn't have to file in.

Dbacksfan12 · « **Reply #26 on:** July 28, 2006, 11:45:26 PM »

[quote name=\'MSTieScott\' post=\'125376\' date=\'Jul 27 2006, 03:11 PM\']
And I don't know whether Feud even gives consolation prizes to its contestants.
[/quote]
I seem to recall reading from a losing contestant's family on another message board that they get some kind of "goody pak" with T-shirts, etc. in it.

beatlefreak84 · « **Reply #27 on:** July 29, 2006, 11:19:29 AM »

Quote

To my knowledge, US residents outside of California only have the California tax withheld, and I believe Californians have none withheld.

You are correct...

. I did have the CA state tax taken out of my Wheel winnings, but they did not take out the federal taxes; however, they made sure to let me know in many ways that I'm responsible for them.

Anthony

rebelwrest · « **Reply #28 on:** August 03, 2006, 11:57:58 PM »

Well it looks like itparanoid has a new neighbor. Yep, they moved Hatch to Morgantown, West Virginia.

A certain group of people have another activity for themselves. They got signs with the word FREE on them, now they have to figure out how to get the name MARTHA STEWART off the signs.

Now Morgantown is really hoping for that statue of Don Knotts.

clemon79 · « **Reply #29 on:** August 04, 2006, 12:14:04 AM »

You're not making a single friggin' ounce of sense.

No, don't bother explaining.