This means, of course, that winners don’t just walk away with their pockets lined with thousand dollar bills when they rack up the prizes on a program like Wheel of Fortune.
And, you get to walk away dreaming of what to do with all of it, right?
Most people probably think that winning on a game show like Wheel of Fortune is a dream come true; suddenly you have a ton of cash you hardly had to do any work for at all.
What most people don’t realize is that prizes, whether that’s in cash, trips or items like cars, are taxed like income by the lovely IRS.