Obama gives impeached liar and adulterer a medal
- Thread starter Big Money
- Start date
christiefan915
Catalyst
You really are a piece of shit. Oprah's done more good for more people than you'll ever do in your whole miserable life.
When Oprah Winfrey gave away 276 cars to the audience of her show, images of people laughing, jumping, crying -- some hysterically -- filled the airwaves and the give-away became stuff of legend. Late night talk show hosts and newspaper columnists are still talking about it.
But those eager prize-winners had a choice: Fork over $7,000 or give up the car.
http://money.cnn.com/2004/09/22/news/newsmakers/oprah_car_tax/
But those eager prize-winners had a choice: Fork over $7,000 or give up the car.
http://money.cnn.com/2004/09/22/news/newsmakers/oprah_car_tax/
Oprah Winfrey‘s latest giveaway to the 300 people in her audience — a VW Beetle, a $1,000 Nordstrom gift certificate, an iPad and a $2,000 piece of jewelry — has me fascinated.
Like what are the tax consequences of the giveaway.
All Oprah’s people say is that the show “makes a good faith estimate of the tax due for each audience member and pays this on their behalf.”
I wondered if any audience member would be on the hook for any taxes so I asked Alan J. Strauss, a New York City tax lawyer and certified public accountant who is an expert on IRS rulings, for help.
First off, it’s clear that Oprah does not consider the cars and the rest of the giveaway to be actual gifts from her to the audience. In other words, the money for this stuff isn’t coming out of her pocket.
If these were straight gifts, says Strauss, the audience wouldn’t owe tax on any of the goods. And Oprah might have to fork over tax for any amount over $13,000 per person — the IRS’s annual limit for gifts.
So, it will probably come as no surprise that this was a promotion, taxable event — a business transaction — between Oprah’s show and the companies that provided the loot.
That’s a much more complicated situation. For one thing, there are 300 recipients, who each pay taxes at different rates.
And the audience members won’t really know what the gifts are worth until the “fair market value” — the IRS’s term - is determined.
http://nypost.com/2010/11/26/no-thanks-oprah-you-can-keep-the-new-car/
Like what are the tax consequences of the giveaway.
All Oprah’s people say is that the show “makes a good faith estimate of the tax due for each audience member and pays this on their behalf.”
I wondered if any audience member would be on the hook for any taxes so I asked Alan J. Strauss, a New York City tax lawyer and certified public accountant who is an expert on IRS rulings, for help.
First off, it’s clear that Oprah does not consider the cars and the rest of the giveaway to be actual gifts from her to the audience. In other words, the money for this stuff isn’t coming out of her pocket.
If these were straight gifts, says Strauss, the audience wouldn’t owe tax on any of the goods. And Oprah might have to fork over tax for any amount over $13,000 per person — the IRS’s annual limit for gifts.
So, it will probably come as no surprise that this was a promotion, taxable event — a business transaction — between Oprah’s show and the companies that provided the loot.
That’s a much more complicated situation. For one thing, there are 300 recipients, who each pay taxes at different rates.
And the audience members won’t really know what the gifts are worth until the “fair market value” — the IRS’s term - is determined.
http://nypost.com/2010/11/26/no-thanks-oprah-you-can-keep-the-new-car/
christiefan915
Catalyst
"...At the time, Oprah's Harpo Productions said winners could keep the car and pay the tax, sell the car and pay the tax with the profits, or forfeit the car completely. One winner who decided to sell the car was Kiley Russell. A recent update on Oprah's OWN show "Oprah: Where Are They Now? highlighted Russell, who sold her G6 and used the money to start her own business, a makeup line that includes an Oprah tribute lipgloss called Angel's Halo.
"I decided to sell the car and use that as seed money to start Big Girl Cosmetics," Russell said. "Since [Oprah] gave us our start, and she was my angel, I thought it'd be nice to offer a tribute to her."
After calling Macy's every day for two years, Russell's dream came true when the department store chain came calling back and ultimately started carrying her line. In the end, Oprah's gift turned out to be the gift that keeps on giving.
In 2012, Inside Edition tracked down some other of the winners of the infamous G6s. Winner Molly Vielweber said she lets her daughter drive her car -- which still boasts an original Oprah license plate -- and sometimes her daughter sees people taking pictures of the car while she's driving it. But another winner, Tricia Nester, immediately sold her car for $23,000, after logging a mere 15 miles on it.
Meanwhile, tax implications didn't stop the car-happy host from gifting. By 2010, when Oprah gave away the not-yet-introduced 2012 VW Beetle to yet another audience, the tax issues weren't taxing to the winners. According to the New York Post, Harpo said that the show made "a good faith estimate of the tax due for each audience member" and paid the bill on their behalf."
http://tv.yahoo.com/news/nine-years-oprah-famous-car-giveaway-where-now-160400581.html
Oprah does not consider the cars and the rest of the giveaway to be actual gifts from her to the audience. In other words, the money for this stuff isn’t coming out of her pocket.
If these were straight gifts, says Strauss, the audience wouldn’t owe tax on any of the goods. And Oprah might have to fork over tax for any amount over $13,000 per person — the IRS’s annual limit for gifts.
So, it will probably come as no surprise that this was a promotion, taxable event — a business transaction — between Oprah’s show and the companies that provided the loot.
That’s a much more complicated situation. For one thing, there are 300 recipients, who each pay taxes at different rates.
And the audience members won’t really know what the gifts are worth until the “fair market value” — the IRS’s term - is determined.
http://nypost.com/2010/11/26/no-thanks-oprah-you-can-keep-the-new-car/
If these were straight gifts, says Strauss, the audience wouldn’t owe tax on any of the goods. And Oprah might have to fork over tax for any amount over $13,000 per person — the IRS’s annual limit for gifts.
So, it will probably come as no surprise that this was a promotion, taxable event — a business transaction — between Oprah’s show and the companies that provided the loot.
That’s a much more complicated situation. For one thing, there are 300 recipients, who each pay taxes at different rates.
And the audience members won’t really know what the gifts are worth until the “fair market value” — the IRS’s term - is determined.
http://nypost.com/2010/11/26/no-thanks-oprah-you-can-keep-the-new-car/
christiefan915
Catalyst
Moving right along to Oprah's other charitable giving... 
In 2004, Winfrey became the first black person to rank among the 50 most generous Americans[SUP][167][/SUP] and she remained among the top 50 until 2010.[SUP][168][/SUP] By 2012 she had given away about $400 million to educational causes.[SUP][169][/SUP]
As of 2012, Winfrey had also given over 400 scholarships to Morehouse College in Atlanta, Georgia.[SUP][169][/SUP]
To celebrate two decades on national TV, and to thank her employees for their hard work, Winfrey took her staff and their families (1065 people in total) on vacation to Hawaii in the summer of 2006.[SUP][170][/SUP]
In 2013, Winfrey donated $12 million to the Smithsonian’s National Museum of African American History and Culture.[SUP][171][/SUP]
In the wake of Hurricane Katrina, Oprah created the Oprah Angel Network Katrina registry which raised more than $11 million for relief efforts. Winfrey personally gave $10 million to the cause.[SUP][175]
[/SUP]Winfrey invested $40 million and some of her time establishing the Oprah Winfrey Leadership Academy for Girls in Henley on Klip south of Johannesburg, South Africa.
http://en.wikipedia.org/wiki/Oprah_Winfrey
In 2004, Winfrey became the first black person to rank among the 50 most generous Americans[SUP][167][/SUP] and she remained among the top 50 until 2010.[SUP][168][/SUP] By 2012 she had given away about $400 million to educational causes.[SUP][169][/SUP]
As of 2012, Winfrey had also given over 400 scholarships to Morehouse College in Atlanta, Georgia.[SUP][169][/SUP]
To celebrate two decades on national TV, and to thank her employees for their hard work, Winfrey took her staff and their families (1065 people in total) on vacation to Hawaii in the summer of 2006.[SUP][170][/SUP]
In 2013, Winfrey donated $12 million to the Smithsonian’s National Museum of African American History and Culture.[SUP][171][/SUP]
In the wake of Hurricane Katrina, Oprah created the Oprah Angel Network Katrina registry which raised more than $11 million for relief efforts. Winfrey personally gave $10 million to the cause.[SUP][175]
[/SUP]Winfrey invested $40 million and some of her time establishing the Oprah Winfrey Leadership Academy for Girls in Henley on Klip south of Johannesburg, South Africa.
http://en.wikipedia.org/wiki/Oprah_Winfrey
maineman
Banned
I can recall that, during the Senate impeachment trial of Bill Clinton, a pollster asked folks who they would vote for for president if they had the same choice as they had had in 1996. Clinton beat Dole by an even greater margin. The morons on the right just can't understand why, regardless of how much THEY personally hate the man, that a vast majority of Americans thought he was a great president.
SmarterthanYou
rebel
a man responsible for the murder of 80+ men, women, and children in a fiery blaze, then prosecutes some of the survivors for defending themselves against the gov agents who tried to kill them gets a medal of freedom. how sick are you people?
Such is the way of the Democrat.
Obama awards Medal of Freedom to Bill Clinton...
http://online.wsj.com/news/articles/SB10001424052702304607104579210103554940442
christiefan915
Catalyst
Fortunately everyone's focus isn't as narrow as yours.
christiefan915
Catalyst
What did George Tenet and Colin Powell do to deserve it? How about Norman Schwarzkopf and Tommy Franks?
Bunch of fekkin' eejit warhawks whose only claim to fame is killing.
SmarterthanYou
rebel
do you also consider hitler worthy of a nobel peace prize because the holocaust was just an isolated incident????
