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Message #899 of 1734  *NEW* To From Subject Date All Marie Reed   HGTV 'Dream Home' winner 6/11/05, 11:17am (Last Edited: 6/20/05, 11:35am) I entered thousands of times to try and win a "Dream Home" from HGTV, but I've had no luck. But this lucky guy wins it and can't afford it, because he owes over $600,000 in taxes! I wonder if he owes in back taxes? That's gotta be it. "e-HGTV 'Dream Home' winner struggling to afford prize TYLER, Texas A free house may be too expensive for Don Cruz to keep. Cruz won the five-thousand-square-foot house in Texas in the Home and Garden Television "Dream Home" sweepstakes. The one-and-a-half (M) million-dollar home on the shores of Lake Tyler also has a boathouse. But to keep the home, Cruz has to find a way to raise about 631-thousand dollars he owes in taxes. He had hoped to do that by renting out the boathouse and the master bedroom, but city regulations may prevent him from doing that. He says he doesn't want to sell the house, and hopes the Tyler City Council can help him out. Cruz won the home in April when he was selected from 39 (M) million entries. He used to live in suburban Chicago. Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.-quote& • Previous Topic • Next Topic • Reply to Msg #899 • Back to Topics

Message #900 of 1734  *NEW* To From Subject Date Marie Reed Dr. Rub Re: HGTV 'Dream Home' winner 6/11/05, 6:36pm He should sale the house so he can pay his taxes. He could probabaly sale the house for as much as he owes on taxes I would think, especially if it is a nice home & brand new. -------------------------------------------------------- "Losers always whine about giving their best. Winners get to go home & ---- the prom queen." (Sean Connery) -------------------------------------------------------- • Previous Topic • Next Topic • Reply to Msg #900 • Back to Topics

Message #901 of 1734  *NEW* To From Subject Date Marie Reed BBlast Re: HGTV 'Dream Home' winner 6/12/05, 6:46am >I entered thousands of times to try and win a "Dream Home" >from HGTV, but I've had no luck. But this lucky guy wins it >and can't afford it, because he owes over $600,000 in taxes! >I wonder if he owes in back taxes? That's gotta be it. > > >"e-HGTV 'Dream Home' winner struggling to afford prize > >TYLER, Texas A free house may be too expensive for Don Cruz to >keep. > >Cruz won the five-thousand-square-foot house in Texas in the >Home and Garden Television "Dream Home" sweepstakes. The >one-and-a-half (M) million-dollar home on the shores of Lake >Tyler also has a boathouse. > >But to keep the home, Cruz has to find a way to raise about >631-thousand dollars he owes in taxes. He had hoped to do that >by renting out the boathouse and the master bedroom, but city >regulations may prevent him from doing that. > >He says he doesn't want to sell the house, and hopes the Tyler >City Council can help him out. > >Cruz won the home in April when he was selected from 39 (M) >million entries. He used to live in suburban Chicago. > >Copyright 2005 Associated Press. All rights reserved. This >material may not be published, broadcast, rewritten, or >redistributed.-quote& > I read this and my wife and I had a conversation about it. We often would have things like that happen in the radio biz when we gave away large prizes. If you win a large prize, the TAXES are on YOU! So you might win a million dollar vacation..but you had better have some cash handy to pay the tax man! One particular instance happened at KGIL where a listener won a hand made rug worth $2000. He didn't want to pay the tax on it so we ended up "comp-ing" him something else. (Turns out the GM ended up with the rug..nice huh?) -------------------------------------------------------- "All human arrogance and ego can be expressed in two words. 'You Should'. " - Eat at BBlast's - - Home of the California Brisket Sandwich! www.signatureclaims.net -------------------------------------------------------- • Previous Topic • Next Topic • Reply to Msg #901 • Back to Topics

Message #902 of 1734  *NEW* To From Subject Date BBlast Marie Reed   Re: HGTV 'Dream Home' winner 6/12/05, 10:22am >I read this and my wife and I had a conversation about it. We >often would have things like that happen in the radio biz when >we gave away large prizes. If you win a large prize, the >TAXES are on YOU! So you might win a million dollar >vacation..but you had better have some cash handy to pay the >tax man! > >One particular instance happened at KGIL where a listener won >a hand made rug worth $2000. He didn't want to pay the tax on >it so we ended up "comp-ing" him something else. (Turns out >the GM ended up with the rug..nice huh?) It kinda sucks, though. I mean, if you win something, you should be able to keep the prize without having to pay for anything else. Oh well. "Mr. Cruz" would be stupid not to sell his new house at this point. I know I wouldn't know where to get $600K to pay the tax. • Previous Topic • Next Topic • Reply to Msg #902 • Back to Topics

Message #903 of 1734  *NEW* To From Subject Date Marie Reed Robert Jones   Re: HGTV 'Dream Home' winner 6/12/05, 10:24am One of those dream homes was located here in Panama City a year or two ago. I think it is on a waterfront lot overlooking North Bay. -------------------------------------------------------- Friends are the best collectibles -------------------------------------------------------- • Previous Topic • Next Topic • Reply to Msg #903 • Back to Topics

Message #904 of 1734  *NEW* To From Subject Date Marie Reed BBlast Re: HGTV 'Dream Home' winner 6/13/05, 6:05am >>I read this and my wife and I had a conversation about it. >We >>often would have things like that happen in the radio biz >when >>we gave away large prizes. If you win a large prize, the >>TAXES are on YOU! So you might win a million dollar >>vacation..but you had better have some cash handy to pay the >>tax man! >> >>One particular instance happened at KGIL where a listener >won >>a hand made rug worth $2000. He didn't want to pay the tax >on >>it so we ended up "comp-ing" him something else. (Turns out >>the GM ended up with the rug..nice huh?) > >It kinda sucks, though. I mean, if you win something, you >should be able to keep the prize without having to pay for >anything else. Oh well. "Mr. Cruz" would be stupid not to >sell his new house at this point. I know I wouldn't know >where to get $600K to pay the tax. > > It's the same thing that happened to all those Oprah audience members that got a free car..they had to pony up the tax cash! When there was a stink about it, Oprah paid the tax, but yea...just because you win something doesn't mean it is 100% free... ...one of reasons that Charlie Chaplin went away was the advent of the "income tax".... -------------------------------------------------------- "All human arrogance and ego can be expressed in two words. 'You Should'. " - Eat at BBlast's - - Home of the California Brisket Sandwich! www.signatureclaims.net -------------------------------------------------------- • Previous Topic • Next Topic • Reply to Msg #904 • Back to Topics

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