Sunday, January 28, 2007

Only in America...

Could a person win a once-in-a-lifetime flight into outer space worth $138,000 and have to turn it down because he can't afford the government-imposed taxes that go along with winning the prize. Yep, the IRS requires lottery and contest winnings be reported as taxable income. And if the sponsor pays the taxes for him, even THAT would be subject to taxes!

Can you imagine?

The lunacy never ends.

1 comment:

  1. Anonymous1/30/2007

    The absurdity never ends!--ST