For a brand new Pontiac G-Six, the model given away on the show, the sticker price is $28,500. The $28,500 would need to be claimed as income so, depending on the individuals tax bracket, the tax could be as high as $7,000.
Now, if Oprah is as generous as everyone said after “giving” these 270 people a new car, perhaps she can find it in her heart to pay their income tax?
Or would they have to pay tax on it if she did?
Catch-22?