A many us would certainly love the opportunity to contend on the legend game show Wheel the Fortune, and winning lots of cash or an awesome trip would really be the icing ~ above the cake. ~ all, walking away from the experience with winnings is the object of the game, however what if winning Wheel the Fortune wasn\"t everything it seemed.

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For starters, simply doing fine on the present is a little bit of a challenge. It\"s one point to have the ability to shout the end all the answers indigenous the lull of your favorite chair in ~ home, however actually doing so on live TV is a entirety other beast. Previous executive producer bother Friedman told san Francisco\"s ABC7 that half the fight includes gift the kind of person who already likes to fix problems and puzzles.

Host play Sajak added that success top top the show really rests v a contestant\"s approach. \"The trick is simply treat it together a fun suffer ... The doesn\"t ache to clock a present occasionally because there room strategies involved.\" and so if one have the right to do all that, and actually victory cash, a car, or a trip, what of the victor\"s spoils. Just how much execute winning contestants gain to in reality keep?


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Many the the prizes on Wheel that Fortune seem virtually too good to be true. Contestants consistently win massive sums that money, high-quality cars, and trips about the world. It transforms out that there is a reason the prizes could feel unrealistic: winners finish up paying taxes on whatever they take residence from your TV experience.

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When friend win huge on the show, the IRS treats the price tags of her winnings similar to income: You\"re taxed in a huge way. CinemaBlend explored the case of Wheel the Fortune winner Matt McMahan, who walked away v over $16,000 in cash and two trips worth more than $15,000. The show does allow winners to find less expensive execution of your trips to avoid a higher tax hit. McMahan take it this option, ending up v trips for $10,000.

Once the taxes were paid out, McMahan approximates he walked far from Wheel of Fortune with about $6,000 the end of over $30,000 in prizes. The really makes you think. Once speaking come MarketWatch, the did say that the trips were worth it, saying that also with every the strings attached, \"experiences room worth an ext than money best now.\"