One More Mortal Scared From Tax

I did some reseach to know if the simmiler prize is given by some somebody else in the past ..and i came across a scary news! 

http://edition.cnn.com/2007/TECH/space/01/28/free.ride.ap/index.html

LOS ANGELES, California (AP) -- Brian Emmett's childhood fantasy came true when he won a free trip to outer space. But the 31-year-old was crushed when he had to cancel his reservation because of Uncle Sam.
Emmett won his ticket to the stars in a 2005 sweepstakes by Oracle Corp., in which he answered a series of online questions on Java computer code. He became an instant celebrity, giving media interviews and appearing on stage at Oracle's trade show. For the self-described space buff who has attended space camp and watched shuttle launches from Kennedy Space Center, it seemed like a chance to become an astronaut on a dime. Then reality hit. After some number-crunching, Emmett realized he would have to report the $138,000 galactic joy ride as income and owe $25,000 in taxes. Unwilling to sink into debt, the software consultant from the San Francisco Bay area gave up his seat.

I discussed about it in our internal newsgroups.. and i got a couple of funny replies ..here are a couple..

 

From the article you linked..

Microsoft Corp. is the latest company to dangle a free space ride. This month it launched an elaborate online puzzle game as part of its promotional campaign for its new Vista PC operating system.
The grand prize winner -- to be named this week -- gets a seat with Rocketplane Ltd., which is building a souped-up Lear jet it hopes will ferry passengers to space in late 2009.
The $50,000 check that comes with the prize, which is valued at $253,500, should cover the winner's taxes, said Brian Marr, group marketing manager for Vista.

Our own powershell guy [lee holmes] said ...[talking about lee..did you read his latest post  its good! as usual]

>Why hope, when it’s in the story? :)

>>  I believe that this will not happen to the  winner of the vanishing point ..have we already thought about it ? [this is the part of my email that i sent to various DLs]

The $50,000 check that comes with the prize, which is valued at $253,500, should cover the winner's taxes, said Brian Marr, group marketing manager for Vista.

Lee

 

So..why am i telling you this..! it reinforces the thought .."PLEASE READ TWICE BEFORE YOU SHOUT!"