The Amazing Race > The Amazing Race Discussion
Amazing Race Questions
SuperTux:
--- Quote from: theschnauzers on November 18, 2013, 11:44:49 AM ---
--- Quote from: SuperTux on November 18, 2013, 06:51:47 AM ---I've heard that winners don't need to pay taxes if they choose to get the prize money 20 grands each year instead of getting the whole 1 million bucks once and for all. Then what if CBS collapses in 50 years?
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As far as I know, CBS pays the full million to the team (one half to each teammate) and after that, each team member is responsible for paying any income taxes (federal, most states, and some localities) on their share of the prize money, By the way, teams also have to declare and pay income taxes on any prizes they win during the Race. Because individual tax situations are different, it's not possible to state what percentage of the prize money goes to taxes; and some tax planning during that tax year may also reduce the amount of taxes that has to be paid.
Whether an annuity gets used is an individual post-race planning issue which is not done by CBS. I'm not comfortable speculating about how that could be done or whether there's any way to use annuities to reduce the tax burden. I am aware that annuities are available for winners of the multi-state or state-operated lotteries in the U.S. (they get to choose after they win if the want the adjusted lump sum with taxes withheld, or a 20 year annuity which adds up to the announced jackpot amount; but that doesn't apply to the US version of TAR. I also don't know how any of the regional versions deal with income or other taxes.
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Got it. Thanks for educating me in that!
AmazingRace:
What happens when the teams get separated from their camera crew?
Like for example the team runs into a train as the doors were closing and the door closed right after the team entered the train but leaving the camera crew behind on the platform?
Platrium:
--- Quote from: AmazingRace on November 18, 2013, 10:23:52 PM ---What happens when the teams get separated from their camera crew?
Like for example the team runs into a train as the doors were closing and the door closed right after the team entered the train but leaving the camera crew behind on the platform?
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:funny: :funny: :funny: They'll be given... a time credit? :crazy:
theschnauzers:
--- Quote from: Platinum on November 19, 2013, 04:14:27 AM ---
--- Quote from: AmazingRace on November 18, 2013, 10:23:52 PM ---What happens when the teams get separated from their camera crew?
Like for example the team runs into a train as the doors were closing and the door closed right after the team entered the train but leaving the camera crew behind on the platform?
--- End quote ---
:funny: :funny: :funny: They'll be given... a time credit? :crazy:
--- End quote ---
I do believe this scenario had happened in an early season, and in that instance, IIRC, the team had to wait at the destination stop for the camera crew to catch up. I'm not sure that the team would get a time credit since, ideally, the team should have waited with the crew for the next available train so as to not get separated. (In other words, the team would have had to wait, one way or the other so the next effect on the amount of time waiting would have been the same.)
jetishidae:
Remember the taking order in Chinese detour?
Does the subtitle of what Jen & Kisha said is for real or just for the humor?
Speaking of Jen & Kisha, where did Kisha stated that she's gay?
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