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Old 09-30-2010, 08:48 PM
 
Location: North shore, Long Island
1,919 posts, read 5,768,093 times
Reputation: 507

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Quote:
Originally Posted by Alley01 View Post
Speaking of Cash Cab, the episode of 30 Rock tonight had Ben Bailey in it with the Cash Cab. So hilarious!! If you get a chance, you can probably watch it tomorrow on Hulu.

You beat me to it. I was planning on posting this.
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Old 09-30-2010, 08:56 PM
 
Location: Brambleton, VA
2,186 posts, read 7,942,168 times
Reputation: 2204
Quote:
Originally Posted by 1nevets View Post
You beat me to it. I was planning on posting this.
Sorry! I just watched it on my Tivo for the second time. It was that funny!! I didn't like that show in the beginning, but ever since Michael Sheen was on it towards the last part of last season, I can't stop watching!! I wasn't expecting to see the Cash Cab!!
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Old 10-01-2010, 10:27 AM
 
17 posts, read 26,144 times
Reputation: 29
Quote:
Originally Posted by Alley01 View Post
They don't give you cash on the spot. You get a check afterwards minus the appropriate taxes and then you end up having to claim it on your tax return. There are people that worry about their income going into a higher tax bracket, therefore being taxed more that would refuse to be on the show.
On the show they pay them in cash. And as for your "higher tax bracket" reason that doesn't really make much sense...

1. The MAX these contestants are winning is like $1,500. That will hardly put someone into a higher tax bracket 99.9% of the time.

2. Tax brackets are PROGRESSIVE. If their winnings truly did 'bump' them into a higher tax bracket then the only money being taxed at a higher rate would be their winnings, or the amount that surpassed the previous tax rate -- still netting them more money.
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Old 10-01-2010, 11:33 AM
 
Location: Brambleton, VA
2,186 posts, read 7,942,168 times
Reputation: 2204
Quote:
Originally Posted by johntech View Post
On the show they pay them in cash. And as for your "higher tax bracket" reason that doesn't really make much sense...

1. The MAX these contestants are winning is like $1,500. That will hardly put someone into a higher tax bracket 99.9% of the time.

2. Tax brackets are PROGRESSIVE. If their winnings truly did 'bump' them into a higher tax bracket then the only money being taxed at a higher rate would be their winnings, or the amount that surpassed the previous tax rate -- still netting them more money.
I am not saying that I agree with their reasons, but I work with a lot of accountants that worry about that sort of thing. Someone actually won over $4,000 on the show not too long ago. Ben pays the contestants in fake cash and Discovery sends them a check. Kind of sucks that you don't get your money on the spot, but money is good whether you get it today or in a couple weeks!
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