Quote:
Originally Posted by jghorton
Yes, of course you will have to pay taxes on prizes or anything else you receive at no cost.
That's because our illustrious politicians ascribe to the old adage: "If it moves (or even if it doesn't move)... tax it!" How else are we going to support their wasteful spending, if folks keep looking for tax loopholes?
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You bet I will find "loop-holes".
I will spend my money the way I want to.