FlyerTalk Forums - View Single Post - AAdvantage Member Wins One Million Miles, Donates All To Charity
Old Jan 21, 2008, 3:51 pm
  #6  
muddy
 
Join Date: Oct 2006
Posts: 1,481
Originally Posted by nacirema
in this case they did. when you win anything the prize has to have "value" attached to it. you are taxed on the value of the prize.
Wow! you're right! (At least according to the following article) .... around $7700 in net taxes depending on tax brackets:

http://www.smartertravel.com/travel-....html?id=11375

Tax reform, anyone?
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