Re: O.T. Oprah's gifts (was: Taxes)

[Guest guest]

Wow, $800 a month is more than my nephew was charged. Where is he

located Lydia. Probably a well known insurance company isn't it? My

nephew can't go on his parent's policies and I dare not take the

chance..lol, and he found a company that gives teenagers a better

deal, it's not cheap at $200 per month, but much less than $800.

Every 6 months his insurance goes down if he has not caused any

accidents and he is now paying $120 monthly.

> > When you win money, Uncle Sam always takes his slice right off

the

> top. The

> > problem arises when there is no cash, just merchandise. For

> example, if you

> > won a million dollar home, you might have to sell it just to pay

> the taxes

> > on it, as you probably wouldn't be able to qualify to get a

> mortgage to pay

> > them... so it's always best if at least PART of the prize is

cash.

> JMHO

> > : )

> > ~Lydia

> >

> > P.S. I have NO IDEA how the taxes are done for foreign winners.

[Guest guest]

BTW, oprah didn't give those cars away or purchase them for the 276

members of her show. The cars(worth almost $30,000) were donated by

Pontiac who probably chose Oprah's show because they knew the

publicity from her show sould spread quickly and increase sales for

them. Oprah annoys me sometimes by implying she is the one giving

away all that free stuff. But she's a smart woman, gotta give her

that. 90% of the items she implies to have purchased and given away.

are donated for free by outside companies totally unrelated to Oprah.

> > When you win money, Uncle Sam always takes his slice right off

the

> top. The

> > problem arises when there is no cash, just merchandise. For

> example, if you

> > won a million dollar home, you might have to sell it just to pay

> the taxes

> > on it, as you probably wouldn't be able to qualify to get a

> mortgage to pay

> > them... so it's always best if at least PART of the prize is

cash.

> JMHO

> > : )

> > ~Lydia

> >

> > P.S. I have NO IDEA how the taxes are done for foreign winners.

[Guest guest]

I belong to another board that was discussing this a few weeks ago.

" GM said the cost of the cars was the same as about 50 prime time

television adverts. The show reaches an estimated weekly audience of

30 million viewers in the United States and is also syndicated to

more than 100 other countries. Anyone can run commercials, but you

rarely get a chance to partner with someone of Oprah's stature, " said

Mark-Hans Richer, Pontiac's director of marketing. "

http://www.suntimes.co.za/zones/sundaytimesNEW/topstories/topstories10

95224408.aspx

My guess is that Oprah may have even made money from publically

giving those cars away on her show and signed some type of

confidentiality agreement with GM to keep things discreet. Marketing

and Advertisment is big money.

> > > When you win money, Uncle Sam always takes his slice right off

> the

> > top. The

> > > problem arises when there is no cash, just merchandise. For

> > example, if you

> > > won a million dollar home, you might have to sell it just to

pay

> > the taxes

> > > on it, as you probably wouldn't be able to qualify to get a

> > mortgage to pay

> > > them... so it's always best if at least PART of the prize is

> cash.

> > JMHO

> > > : )

> > > ~Lydia

> > >

> > > P.S. I have NO IDEA how the taxes are done for foreign winners.

[Guest guest]

As I said earlier, O is a smart woman. *wink*

> > > > When you win money, Uncle Sam always takes his slice right

off

> > the

> > > top. The

> > > > problem arises when there is no cash, just merchandise. For

> > > example, if you

> > > > won a million dollar home, you might have to sell it just to

> pay

> > > the taxes

> > > > on it, as you probably wouldn't be able to qualify to get a

> > > mortgage to pay

> > > > them... so it's always best if at least PART of the prize is

> > cash.

> > > JMHO

> > > > : )

> > > > ~Lydia

> > > >

> > > > P.S. I have NO IDEA how the taxes are done for foreign

winners.

[Guest guest]

From what I saw, Oprah was pretty clear that those cars didn't come from

her. I don't think she implied otherwise. But, on the other hand, Pontiac

would not have done it without Oprah (it was not their idea), so I guess she

was responsible in part, right?

Re: O.T. Oprah's " gifts " (was: Taxes)

>

>

> BTW, oprah didn't give those cars away or purchase them for the 276

> members of her show. The cars(worth almost $30,000) were donated by

> Pontiac who probably chose Oprah's show because they knew the

> publicity from her show sould spread quickly and increase sales for

> them. Oprah annoys me sometimes by implying she is the one giving

> away all that free stuff. But she's a smart woman, gotta give her

> that. 90% of the items she implies to have purchased and given away.

> are donated for free by outside companies totally unrelated to Oprah.

>

>

> > > When you win money, Uncle Sam always takes his slice right off

> the

> > top. The

> > > problem arises when there is no cash, just merchandise. For

> > example, if you

> > > won a million dollar home, you might have to sell it just to pay

> > the taxes

> > > on it, as you probably wouldn't be able to qualify to get a

> > mortgage to pay

> > > them... so it's always best if at least PART of the prize is

> cash.

> > JMHO

> > > : )

> > > ~Lydia

> > >

> > > P.S. I have NO IDEA how the taxes are done for foreign winners.

>

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