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[Ripclawe]

http://www.suntimes.com/output/news/cst-nws-oprah22.html

It turns out that free car wasn't so free.

That's because while Pontiac agreed to pay for most of the local charges -- things like state sales tax and licensing fees -- the recipients have to report the cars as income once tax time comes.

By adding $28,500 to someone's income, it can push them into a higher tax bracket -- which means they will have to pay about 25 percent or more of the car's value in taxes. And for a nearly $30,000 car, that probably means, for most of the recipients, shelling out $7,125 for the "free car."

And if you live in Illinois, you can expect to tack on another 3 percent or so in state income taxes.

"It's not really a free car, it's more of a 75 percent off car," said Susan Nelson, who was one of three Wheaton College public relations staffers at the show. "Of course, that's still not such a bad deal."

 

[MrAngryFace]

oprah is a car salesman

 

[SKluck]

90% of those cars are going to be sold within a month.

 

[Miguel]

Doth Togo = http://ga-forum.com/showthread.php?t=15553
Ripclawe = http://ga-forum.com/showthread.php?t=15554

SORRY RIPCLAWE YOU LOSE!

 

[Son of Godzilla]

This is a news story?

 

[Teddman]

That's the whole reason rarely anyone keeps a "free car" that they win. But selling it right away net a tidy profit.

 

[Ninja Scooter]

i won a super nintendo once at a school carnival. But thats all i've ever won.