So, this guy won a contest with American Airlines. The prize: twelve flights for two people from any American city to any worldwide destination that American Airlines services. Cool!
He understood that he would have to claim the prize value as income on his tax return. But when he looked at the fine print of the offer, he realized that AA has assigned such a high ‘full retail value’ on the prize, that for all but the most distant and expensive destinations, he would owe much more in income tax for each ticket used than a comparable ticket would actually cost him retail. Crazy!
(Via This is Broken)
Categories: Odds and Ends