Damn.
'A federal jury convicted Hatch in January of failing to pay taxes on the "Survivor" prize and other income. He was sentenced in May to 51 months in prison by a judge who said the reality TV star had lied repeatedly on the witness stand.I'm both fascinated and saddened by the fact that some folks become millionaires and then, in a relatively short period of time, end up broke, again. This one had a twist, though, since he went to prison, instead... and probably will end up paying the taxes PLUS interest, court costs, fines, and attorney fees.
[...]
Hatch became known on the CBS show as the "fat naked guy" for refusing to wear clothes.'
I guess I'd be pretty unhappy, too, if I won a million bucks and then had to give up half of it to the government, just because.
But dayum.
4 comments:
I hear you. But how stupid do you have to be to think that you could get away with it?
I understand what Hatch did. Think about it. You win $1, 000 000.00 US. Automatically, you get placed in an entirely new tax bracket. I think it's about 30-33%. Suddenly, your no longer a millionaire. Now granted you would still have about $600,00.00 roughly to play around with, but it's no type of money to retire off of.
I think that when people go on these games shows and win money, it shouldn't be taxed. They won that, they didn't earn it by working. Basically, it's like a gift.
I also think that you shouldn't be given the title of millionaire unless you possess $2, 000,000.00 or more. With the tax brackets that the IRS is hitten with these days, $1,000, 000.00 ain't sh@t.
That's the end of my geek rant for the day. Carry on....
chele: Exactly. I could see wanting to keep the money, but I have no clue how or why he thought he'd get away with it.
viper: Like I said, I'd be pissed, too.
As far as the tax bracket thing is concerned (I thought they snatched more like 45-50%), I continue to think it's an unfair to take that much of ANYbody's money - especially if they earned it (which one might or might not say Hatch did).
Geez, that's a bum rap if I ever heard one. Not the going to prison for tax evasion, but for winning money on a show and it being taxed. Having said that, even in today's world, you'd have to be in denial or just a plain ol' thrill seeker to think that you were going to get away with this. Mannn, Pleeeez!
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