Speakeasy forum: About Oprah's car give away

by: Del McMullen September 22, 2004 4:12 PM PDT

Like this

0 people like this thread

Staff pick

About Oprah's car give away

by Del McMullen - 9/22/04 4:12 PM

The cars were not exactly FREE. More like 75% Off.

Even a mouse knows there is no such thing as a free lunch.

Uh oh. Some things really are too good to be true. One of them may be the free Pontiac G6 Oprah Winfrey and General Motors gave to 276 members of "The Oprah Winfrey Show" audience on September 13. Turns out, the car isn't totally free after all.

Even though Pontiac is paying the state sales tax and licensing fees, the recipients will have to pay thousands of dollars in state and federal income taxes, reports The Chicago Sun-Times. And some of them are quite surprised--and downright worried by the tax sticker shock that could cost each winner $7,125 or more. By law, the winners will have to add the value of the "free" car--$28,500--to their income. That could push them into a higher income tax bracket. Most of the winners will likely have to pay about 25 percent or more of the car's value in taxes, which adds up to $7,125. And that's not all. The winners will also have to pay state income tax on the vehicle.

"It's not really a free car, it's more of a 75 percent off car," winner Susan Nelson told Sun-Times reporter Lucio Guerrero. "Of course, that's still not such a bad deal." Winner William Toebe, a farmer in Green Bay, Wisconsin, told the paper, "As I was standing up there, the responsible portion of me said, 'This is very nice, but where am I going to get the money for the taxes?'" He's even thinking of getting rid of the car for just this reason.

Even though it was implied that the winners walked out of the studio and drove away in their new cars that day, they haven't yet received the vehicles. The automobiles will actually be delivered to a dealer near each winner's home, reports the Sun-Times. Pickup will be between October 1 and February 28. So the good news is that the winners have time to figure out how they are going to pay the taxes and could even delay that bill until April 2006 if they get the car after December 31.

If you don't vote on Nov 2.....
,,,,you can't complain for 4 years
So vote, and vote smart

Forum Icon Legend

  • UnreadUnread
  • ReadRead
  • Locked threadLocked thread
  •   
  •   
  •   
  •   
  •   
  •   
  •   
  • ModeratorModerator
  • CNET StaffCNET Staff
  • Samsung StaffSamsung Staff
  • Norton Authorized Support TeamNorton Authorized Support Team
  • AVG StaffAVG Staff
  • avast! Staffavast! Staff
  • Webroot Support TeamWebroot Support Team
  • Acer Customer Experience TeamAcer Customer Experience Team
  • Windows Outreach TeamWindows Outreach Team
  • DISH staffDISH staff
  • Dell StaffDell Staff
  • Intel StaffIntel Staff
  • QuestionQuestion
  • Resolved questionResolved question
  • General discussionGeneral discussion
  • TipTip
  • Alert or warningAlert or warning
  • PraisePraise
  • RantRant

You are e-mailing the following post: Post Subject

Your e-mail address is used only to let the recipient know who sent the e-mail and in case of transmission error. Neither your address nor the recipient's address will be used for any other purpose.

Sorry, there was a problem emailing this post. Please try again.

Submit Email Cancel

Thank you. Sent email to

Close

Thank you. Sent email to

Close

You are reporting the following post: Post Subject

If you believe this post is offensive or violates the CNET Forums' Usage policies, you can report it below (this will not automatically remove the post). Once reported, our moderators will be notified and the post will be reviewed.

Offensive: Sexually explicit or offensive language

Spam: Advertisements or commercial links

Disruptive posting: Flaming or offending other users

Illegal activities: Promote cracked software, or other illegal content

Sorry, there was a problem submitting your post. Please try again.

Submit Report Cancel

Your message has been submitted and will be reviewed by our staff. Thank you for helping us maintain CNET's great community.

Close

Your message has been submitted and will be reviewed by our staff. Thank you for helping us maintain CNET's great community.

Close

You are posting a reply to: Post Subject

The posting of advertisements, profanity, or personal attacks is prohibited. Please refer to the CNET Forums policies for details. All submitted content is subject to CBS Interactive Site Terms of Use.

You are currently tracking this discussion. Click here to manage your tracked discussions.

If you're asking for technical help, please be sure to include all your system info, including operating system, model number, and any other specifics related to the problem. Also please exercise your best judgment when posting in the forums--revealing personal information such as your e-mail address, telephone number, and address is not recommended.

Sorry, there was a problem submitting your post. Please try again.

Sorry, there was a problem generating the preview. Please try again.

Duplicate posts are not allowed in the forums. Please edit your post and submit again.

Submit Reply Preview Cancel

Thank you, , your post has been submitted and will appear on our site shortly.

Close