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December 31st, 2013
09:37 AM ET
'Price is Right' winner drives off with biggest prizeSheree L. Heil from Tacoma, Washington is set to have a great 2014. That's because on Monday she won the biggest prize ever awarded on "The Price is Right." Heil drove off with an Audi R8 V8 Spyder Quattro S Tronic worth more than $157,000. Playing a game called, "Gas Money," Heil hit it big. Needless to say she was pretty stoked as was the show's host, Drew Carey. Watch the winning moment here: |
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Until she has to pay the taxes and insurance on it. I doubt she can afford to keep it!
For all of you (dumba55es) who keep crying and whining about those of us who point out the tax issue, here's some more info about how the the lady in this story felt after winning:
"Schwartz says that excitement soon gave way to frustration when she says she realized that, in addition to being responsible for local and federal tax, California law required her to pay state income taxes on her $33,000 prize *before she could even claim her winnings.*
She still walked away with enough money to start her own food truck and learned a valuable lesson.
'If you’re broke don’t go to a game show expecting to win,' she said."
Yeah, that's right... YOU HAVE TO PAY TAXES ON YOUR WINNINGS BEFORE YOU CAN EVEN CLAIM THEM. If you don't have the money to pay upfront, you forfeit the prize(s). So put that in your crying, whining, sniveling pipe and smoke it.
Wow... I'd imagine she'll be giving that car up directly, unless she's already wealthy – that's about a $40k tax bill she owes on that $150k+ car. Ouch!
Unfortunately the fine for that nailpolish she's wearing is $160,000.
We called the maya's office. No payment was due January 4th....you LIED FATHIPS...
Our payments are due and the end of the month...I called his office too double check.
they are higher level.then you are...everyone hates you
i guess hes does screw them..hahahaha
All of you idiots talking about taxes. STFU and go away you morons.
she'll crash it within a week
The author of this needs to get their facts straight and read the original article before posting. She didn't just win this and ready for the new year. The original article states: "it certainly was a dream moment for Andrea Schwartz, of Reno, Nev., when she got the call while sitting in the audience of a show that aired in April of last year"
"Schwartz said she decided to offer most of her prizes on Craigslist, selling them for less than they were worth. She still walked away with enough money to start her own food truck and learned a valuable lesson."
It just now hit TV.
I meant it didn't just now hit tv
the heck are you babbling about? What does anything you posted have to do with the article?
"Sheree L. Heil from Tacoma, Washington is set to have a great 2014."
"That's because on Monday she won the biggest prize ever awarded on "The Price is Right." Heil drove off with an Audi R8 V8 Spyder Quattro S Tronic worth more than $157,000."
"Playing a game called, "Gas Money," Heil hit it big. Needless to say she was pretty stoked as was the show's host, Drew Carey."
Do you know how to read? Sorry, but your statement made no sense.
Worth $157k new. She will sell it as used for considerably less. Then she will pay 28% federal and 12% California income tax on the new value, or over $60k. In the end she will pocket not much more than $60 herself, maybe less. Still nothing to scoff at, but no where near the payout it is being reported as.
So how is that any different than when every media outlet reports the big lottery winners? They always headline the amount of the jackpot, not the actual payout after taxes, or often not even the payout in lump sum (instead of annual payments).
The difference is that the Lottery is as cash prize. You can take part of that cash, and pay your taxes.
Here, this lady will face a staggering tax bill, and will probably have to sell the car, to pay it.
sell it.get a new corrolla.keep moving.
For all the people complaining about having to pay taxes on something this women won is funny. I bet each and everyone of you would love to be in her shoes. Are you telling us that you would not be happy with $70,000.00 or more. So she has a little work to do to receive the money. Who cares, she will be $70,00.00 richer. Maybe it's the work that you are against. Prior to going onto the show, everyone is well informed that if they win a prize then they are responsible for the taxes. Don't want to pay taxes, either don't participate in the program or refuse the prizes. Most normal sensible people would love to have won what she did. For all of you complaining about America, get the F#2k out of our Country. Go live somewhere else. You don't want to pay for anything but expect everything for free. I think that's called free loading. We pay taxes to support the services we want. I guess you would have the Country do without education so everyone would be as dumb and stupid as you are/act.
It's not completely unreasonable to not have to pay taxes on something you've won on a game of chance. Lord knows we're taxed for everything else.
Are people really complaining about the taxes? I'd rather win $157,000 that has taxes than win $80,000 untaxed. Math is hard.
That's all fine and good, but taxes are paid in cash, the prize was awarded in vehicles. So in order to keep the car, she would have to come up with enough cash to pay the taxes, or she'll just have to sell it in order to cover the taxes, then she can buy some other car.
The Maya is our friend. Do you screw the government?
In case of this car yes she will make a decent return, but in cases of other prizes it might be different. Consider you win a trip retailing for 6,000 that will cost you 2,000 in taxes to claim. However anyone can purchased the same trip for 3000, so in reality you actually just won 1000. Decision time, do you want to go on a trip. Selling it might not get you more than few hundred profit.
As other stated...it happens a lot and not just on the Price is Right.....
http://abcnews.go.com/blogs/entertainment/2013/08/the-price-is-right-until-you-take-home-the-prizes/
Put a for sale sign on it. Sell it at a discount, give the IRS their taxes, and keep a nice chunk of cash.
Oil change will be $1000.00, ma'am. Will that be cash or charge?
Or. She could just turn in the car to the irs and be paid the difference after taxes, $102,674.87
Wow
People are pretty stupid
The Lady will still win well over 100,000 AFTER taxes !
She can decline the car and take cash !
That's not the way the show work.
On the smaller prizes (the ones bid on for the right to play a pricing game), contestants have the option of taking the cash value. However, with the actual prizes on the show (cars, showcases, etc.), there is no cash value option. She's stuck with a $150,000 sports car.
too bad she didnt win it in canada where taxes dont apply to winnings
Although in Canada the top prize would be $50 gift certificate to Red Lobster and a book of postage stamps.
Yeah. Man, the taxes. I'd rather just win a $3 can of soup.
Simple..Sell the car, pay the taxes, buy a reasonably priced car and still have plenty left over to take a vacation.
That's why you are eating soup and she's eating steak.
As my friend, Peerless Pat would say, that young lady now has cache.
Hi gonna watch
Law and order
I pegged you as more of a Matlock kinda guy. Or Murder She Wrote.
What's Angela Merkel doing there?!
The car might not look so attractive once the following years excise or value tax bill comes in based on the value of the car. Take the money that way you only get hit once in the purse.
Has nobody thought about the whopping income tax bill she's going to face? I can't believe that not even one person has commented on that.
She won 10,000 also.
I bet if she had it to do all over again, she would stay home and not even go on the show. Cause of the taxes and stuff.
She can sell the other stuff to pay the income tax on the whole haul. Or she can just sell the car, pay the tax on all of it and keep a wad of money.
Why be scared of taxes?
She cannot sell the car to pay the taxes because she must first pay the taxes before she obtains ownership of the car.
Once again.I would like to thank all u. The little people for voting me "news blogger of 2013"
I exceeded expectations with my thought pro voking posts.
Thank u and happy new year
you were voted "whiny blogger of 2013"
Herr derrrrrr....why, I wouldn't even accept that thar automobile on live TV cuz'a all them incomes tax theys have on 'em. No siree bob!
Just wait until she gets the Tax bill for it
OK, but there is something that everybody is forgetting about here. She's going to have to pay taxes on that thing!
Not only that, but she's going to have a huge tax bill! I wouldn't want a tax bill like that. I'd have to sell the car or take out a loan just to pay the tax bill.
THE TAX BILL!
Thanks for bringing this to my attention. It caused me to look at my pay stub and OMG... they are taking tax's right out of my paycheck... I guess with this new knowledge I am going to have to quit my job. Why in the heck am I getting up and working when this whole time they have been taking tax's out of my earnings. I beg you, you newest and wisest friend, to join me in quitting your job.
It appears as though a king sized Hershey bar has melted in my underpants.
Taxes will be 33% of the vehicles price tag. Around $52K in taxes. Unless the price is right will pay her taxes, she will have to refuse the vehicle. however, she can claim that this is a second hand car, because it was owned by the price is right first and then shave off a huge depreciation factor...either way she can't afford it....same thing happened on the Oprah winfrey show when she gave away a car to everyone.
There is nothing that says she has to keep it. Take the car (its worth $157 k), offer it for sale for $125k, pay the $52k in taxes and pocket $73 k. Who wouldn't do that?
U dont know her or her financial position or her wealthy relatives. Not everyone is like U!
If you look at my reply to Jared I am only stating that IF the lady cannot afford the taxes on the car, she can always sell the car, pay the taxes and pocket the difference. That would be a better option than refusing the car, as she would not gain any benefit from that course. If she has the financial ability to afford the taxes, then obviously she does not have to take the route of selling the car, unless she chooses to. I have no idea what her "wealthy relatives" may or may not do; likewise MY social and wealth (or lack thereof) standing has no relevance in this matter.
56 grand is the cost of a medium priced BMW, which many people can afford. So if she really wants the car, she can probably " buy " it for that. If not, which is MY case, she can do just as you said.
I have been reading your comments to me. Exactly, what do you people want me to do? There has to be a consensus before I start taking off more than the nonsense troll and the dating sites. Btw, I have a real job, for the person who thought this is all I do. You might notice that I'm not here all the time. So people, let's hear it. What do you want to see happen on this blog?
A favor and just go back to the foodies blog Kat.
You're bringing your boring foodies nerds over here
Delete palintwit, alvarez, tracie, and little mister.
I have a strong desire to drop a large steaming poop on the forehead of "Delete the Crap".
Just delete the rant/rave nuisance troll and the dating site spammer. Let the bloggers do their own report-abuse on commenters they deem offensive. The majority will then rule.
I'm coming out of retirement and I will post anything if your going to bring your boring a s s friends on here.
I just read up on your laws, amazingly she WILL have to pay taxes (25%) on this car in most states. I cannot find any other word for this than "sham" or "big joke" if a so called "winner" of a prize would have to hand out $40k to even be able to receive his "winnings". Lol, seriously your country is just...OFF. Out of curiosity and seeing that the lady indeed resembles Angela Merkel..I looked up the law in Germany....needless to say any winnings from sweepstakes incl. cars are tax EXEMPT in Germany. (Which I would actually expect, otherwise the term "winning" I can only see as a big joke, at least as it concerns the US. So remind me..should I ever go back to the US...never to participate in any game show or sweepstakes or whatever shams you have there).
Must be awful to live in your world of negativity. I would gladly pay $40,000 for a $157,000 vehicle.
I am with Georg, it is way too hard for us who live here. We have 1/20th of the worlds population and yet only 25% of the worlds GDP. I am not even sure how we get by with our tax induce squalor. The fact that this woman can elect to take cash for that car in about the amount of $85,000 (after taxes) is impossible for me to ignore as anything less than a joke. She should not have even woken up that morning, for that is not worth her time. It is events like this that make me ashamed to be an American. That is the last straw, I am moving to Haiti where laws of fairness and resources abundant will make for a more sensible living situation. Thank you Georg for reminding us how bad we have it here.
The U.S. is one of the few countries that has such a stupid tax rule. Same thing goes for those mega jackpots: they get advertised as 'close to a billion dollars', but after taxes it's far from it. At least most other countries don't tax lottery winnings etc...
Here's an idea Georg. If you don't like the USA, or how things are done here,how about you leave,don't bother visiting etc...that would be one way all of us would be winners.....
We can only hope, Georg, that you never decide to dirty American soil again with your whining and complaining. People know that they will be taxed and can chose to not go on game shows if they don't want to pay the taxes. Something your kind are too stupid to figure out, huh?
Winnings are taxed as earned income in America.
That's ok she can still buy a much prettier car like a Jaguar F type with the after tax money. I hate taxes too but I know they pay for stuff we elect to have as a group: large powerful army, nice roads, parks, cops,schools... and so on... if we want to lower our taxes then we can vote to have less stuff, can't have it both ways 🙂
Sickness other of f and call it night oh boring one. I'm guessing this is what u losers want a yawn fest
Remember the first Survivor show? The winner got $1M plus he made $400k in the talk show circuit.
And he didn't have to pay a dime in taxes.
Or so he thought.
Hope he's enjoying his stint in prison.
@ Dean, I agree with your reasoning, but I live in Canada. Lotteries are also exempt here, if you win a mil you get a mil. Interest on it once you put it in the bank is taxable. How would feel to win "1 million dollars" then get told it's only in annuities unless you settle for $765K, then get taxed down to $525? SUCKS to be American sometimes.
Most game shows offer a cash equivalent or cash alternate on bigger prizes.
The reason they give away a specific item, rather than cash, is advertising. The company who's product is featured pays good money for the placement.
LOSER
Where are sky and tracie
Go check
Stop stealing my name!
Cnn. Make them stop
Want us to call you a whaaaaa-mbulance?
I think her real name is Angela Merkel
Knowing all the tax problems she is about to have and she won't really be able to keep this car, I would have just turned down the car flat out on national television. People go on these shows expecting to win but then come to reality of not being able to keep the prizes.
U R soooo FKing cool! Can I be u?
or....she could sell the car and keep the money...any free money is a good money
HA you are correct. She owes regular tax on that. At least $40,000 to IRS and some to her state?
It used to be that you couldn't sell merchandise won on TV shows. No matter, I'd take that car in a heartbeat and sell what I'm driving now, for taxes. If you don't want to pay taxes on a prize you shouldn't go on a game show.
right taxes alone will clobber you. expense and upkeep. People dont think of these things. Woman should just sell it. I remember a guy won a $380,000.00 lamborghini a few years back and smashed it 6 hours later.
Apparently the spot was already taken by urban lame a s s ! What a bunch of boring m – fers
How much in taxes did she have to pay for that car?
WA state sales tax runs about 9% Sucks to live here.
Sales tax is 9.5%, there is no income tax. She will most likely have to opt for the cash and not get the car. Washington State is an awesome state to live in but Tacoma is not the best spot to live.
When it is all said and done, about half.
She still gets $75 G after taxes. Doesn't sound so bad to me.
You pay ordinary income tax to the IRS, plus any state tax. It is a prize, it is taxable income of $157,000.
I know u are one of them jeff.
U STOP STEALING MY NAME. UNDERSTOOD?
That goes for the others
Has anybody stopped to think that maybe she can afford the taxes, etc., and wants to keep the car? I'm sure she will find a way to do what she needs to do to get the car and either sell it or keep it. Congrats to her for winning, which on TV shows isn't the easiest thing to do..
On the Price is Right, What you when is awarded just like you won the lottery. Depending on your income, that could be close to 50% of the price of the item won. In the case of a car, The Price is Right arranges for the vehicle to be available for pickup from a dealership in your state. However if you live in a remote area, or the only dealership for that car is on the other side of the state, your transportation costs could be a big factor. Finally, the vehicles are not released until you have satisfied the tax requirements. So you won't be allowed to pick it up, then advertise it and sell it and then pay your tax bill. So if she really wants this car, she'll either have to have the money for the tax bill, or get some sort of loan until she sells the car and is able to pay back the loan. The Price is Right does not offer any cash equivalent for their prizes. If you can't pick it up or pay the taxes on it, then you get nothing. That being said if she had the money for the taxes, she still could clear $50-70k after selling it. I wouldn't turn down that kind of money. Just a huge amount of hassle to get it.
She won't be so happy when the tax bill comes due for that car. Oh yes, folks: she has to pay income taxes on the value of that car. I'm guessing she will have to take the cash equivalent or sell the car in order to pay the tax bill.
You just finance what is owed for taxes, and use the car as collateral. That's what I did when I won a car from a local radio station.
Well, she can't take the cash equililant. You either take the prize or forfiet if you can't afford the taxes. Only rare time you can get the cash option is if the prize can't get delivered to the winner. Either way, she could get a loan for the tax amount, claim the car, then turn around and sell it. She'd still make a huge profit.
Sales tax
!
Vehicles are subject to sales tax regardless if it's won. Also, she will be subject to federal and state income taxes on the vehicle since it's a prize.
(Report Abuse)
If she lives in Tacoma, she's subject to a 9.5% sales tax (roughly $15K on that car), and the $157K gets added to her taxable income. Her income tax bill this year will be upwards of $60K owed to Uncle Sam.
How can there be sales tax when nothing was sold. It was given away you IDIOTS. THERE IS NO SALES TAX. Don't any of you people have any education. I will teech you people something.
–
Has anyone even thought about the sales tax? I bet there will be sales tax. I wonder how much the sales tax will be. I bet she won't even be able to keep the car because of the sales tax. Also, sales tax.
To be clear, it is not sales tax that she will be paying. You pay sales tax when you buy something. This is something that she won, so the value of the car will be applied towards her income for 2013. She will pay additional sums as part of her income tax for 2013.
I don't think its fair that Chancellor of Germany even gets to play the Price Is RIght.
LOL
I too was wondering what Angela Merkel was doing on the Price is Right.
I as well was wondering what Angela Merkel was doing on the Price is Right. LOL x infinity!
What do you want troll buster to delete beside that rant and rave troll and the dating spam? One person said anyone not on topic. Another said tracie. Another said palintwit and alveriz. I vote for name hijackers. Cause they so obvious it ain't that person. It stoopid to hijack a name. What you vote for?
Definitely the name-jacking troll(s).
Definitely the name hijackers.
I say delete anyone who a troll and don't use there own name or use a name.
Delete anyone with a two letter (or less) username that's in lowercase.
I vote for troll buster to go back to her foodies blog and leave us alone
and crawl back into whatever hole you came from, troll?
'This video is not authorized for your location' Hmmm... what the...?
you're all winners!!! leeerooooooy jenkins!
Wow I hope the sales tax is covered or she will be in for a big surprise!
Shut up about the taxes already...
re: Jeez. the sales tax IS important for the winner. at 5%, it's 7800$. yeah, kind of a big deal......
@Jeez – you are obviously ignorant of tax laws in the US and that any kind of prize and/or gift you get is considered income therefore you have to pay taxes on it. yep, that's right Jeez, unless the show pays this woman's taxes on the car she won she will be on the legal hook to pay taxes on it. you might want to read up on tax laws Jeez...
5%? It's like income, so it would be taxed much higher than that. She just "made" $157,000, so she is now in a high tax bracket and will pay more than $50K in taxes.
Can we talk more about the tax impact? Nobody seems to be talking about the taxes.
Hello to all my new on line friends. Ty all for making me feel welcome.
I look forward to 2014.
Happy new yr. u too cnn
And remember, no one is a failure who has friends.
Thx for the wings.
German Chancellor Angele Merkel was on The Price Is Right?
You win the internets for today!
Don't change the subject - back to THE TAXES!
they have a number of videos with people winning 1 Million on the final showcase.... something about hitting the price close enough. Why are they calling this the biggest? Its ok CNN givem free publicity
They said biggest prize, not total winnings. For a single prize this was their biggest yet.
What lovely people on this board!
Wait...let me go and hit myself in the head with a hammer a few times and I'll fit right in.
.
Hi, can you delete comments that are off topic? since most of them are troll comments, that would make this blog better. Thx for getting rid of the nasty ones.
CNN, please block the fat hip troll.
The tax on winnings is over 50%. So, she would have to sell the car just to pay the taxes on it, and be left with nothing. But, since she sells the car, she'll have to claim THAT on her taxes at the end of the year.
Yes, this happened to my brother. He won a car from an online sweeps and he had to sell the car just to pay the taxes owed on his "winnings".
Your sir, are correct
She would still owe the taxes on the car even if she didn't sell.
the gameshow should pay the taxes on prizes you win.
In Canada, there are no taxes on lottery or game winnings. Maybe the prize supplier pays the tax, I don't know. Quebec has different laws and many companies that offer random prizes exclude Quebec in their draws (the government laws and french language laws are not worth it).
Why should they pay the taxes? They gave you a car.
Then they wouldn't give away big prizes like this. Even with "normal" cars, the amount of extra cash the show would have to give away adds up. (Then again, they can just make the games harder – "For a new car, is the price $15,861, $15,862, $15,863, $15,864, or $15,865?")
As for the winner keeping the car, everybody mentions taxes, but nobody has mentioned the other problem with winning an expensive car – the expensive insurance that goes with it!
Good lord, what is wrong with this woman?! This is not a win...it's a huge loss to her. She will not be signing that paper acknowledging she has to pay taxes, on this car. She will not be taking this gem home to her home. She would have been better off with a washer and dryer than this car.
she has the money. Not every one is poor.
if you watched the whole episode she won another, 35k in cash so she clearly has the money.
. . . after she pays the tax on THAT it's only $20K, what a joke
Did they forget to tell us that she will have to pay tax on that item? That is...cash she does not have on hand. I'd say keep the car and give me the money!!!
I knew someone who was ON TPIR and apparently (back then)you could choose either the furnished gift(as they called them) OR cash value as your prize if you WON something. Yes, you have to claim it on your return but your tax bill is still calculated on your TOTAL year income, not one prize.
You have to pay the taxes before you can take the car home.
Angela Merkel strikes it rich on American game show. Now maybe she won't be so stingy to her Greek, Italian and Spanish fellow-EU members.
Why is it Germany's responsibility to bail out a bunch of countries that can't get their fiscal house in order? The Greeks, Italians, and Spanish got themselves into a mess and should have to get themselves out.
The CA taxes alone will kill you! Hell the registration is $15k – good lord.
she didn't win it because now shes gotta pay taxes on it. my bet is the car wont be in her driveway anytime soon.
She probably doesn't even drive. When she ran over to get into the car, she got in on the passenger side. But she seems like a nice lady, so I hope she enjoys the car or makes some cash off of it.
Great album. Wilco is the best.