On the show "Who Wants to be a Millionaire" and probably others the $500,000 and $1,000,0000 prize winners are only given $250,000 with the rest as 10 and 20 year annuities. Therefore in reality you are winning much less since they are including the interest for 10 or 20 years. On the show they display a check for $1,000,000 which you never get. Is that misleading the audience?
Here are the details: http://www.millionairetv.com/rules.html
2006-09-20 06:42:02 · 12 answers · asked by Barkley Hound 7 in Entertainment & Music ➔ Television
You should understand that when you get a 10-20 year annuity you are in reality getting less than half the money. The rest is interest earned over that period of time. That is why state lotteries give a choice of 1/2 the money up front. Giving me a million dollars initially would earn me more than double over 20 years.
2006-09-20 09:06:34 · update #1
Yeah, but it would be stupid to call the show "Who Wants to be a $250,000-aire plus some more"
2006-09-20 06:44:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not really.
First of all, you are getting all the money. Just call it a savings account that you can't withdraw until specified times; but you are still given the money.
Second, if you didn't know taxes are taken out, you should have read the fine print. That's why they have that handy dandy rules website.
Third, who's going to complain about getting $250,000??
That would do me for 10 years...
2006-09-20 06:49:15 · answer #2 · answered by LadyMagick 5 · 0⤊ 0⤋
It is misleading because after taxes, 1/2 of is stolen by Uncle Sam.
2006-09-20 06:49:36 · answer #3 · answered by Art The Wise 6 · 0⤊ 0⤋
Yes, because you don't get that full million anyways, they gotta take Tons of taxes out yet!
2006-09-20 06:43:23 · answer #4 · answered by kristin22 4 · 0⤊ 0⤋
a little but not really bc this show's been on for awhile so contestants know the deal and not left in the dark. so it wouldnt be the show's fault
2006-09-20 06:44:43 · answer #5 · answered by teresanguyen7 3 · 0⤊ 0⤋
Thanks for the info
that is very misleading..I thought you were going to talk about the taxes that are taken out..I already knew about that...but that is such a jip to only get 250,000 come on!
2006-09-20 06:44:55 · answer #6 · answered by His 5 · 0⤊ 0⤋
Don't forget taxes.
2006-09-20 06:50:43 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No!!! Everybody should know the government always has there hands in other peoples pockets.
2006-09-20 06:48:54 · answer #8 · answered by Stryker 5 · 1⤊ 0⤋
No it's a prop.
2006-09-20 06:47:39 · answer #9 · answered by Whoa_Phat 4 · 0⤊ 1⤋
I wonder if "Deal or no Deal" does the same !!
2006-09-20 06:46:52 · answer #10 · answered by Anonymous · 0⤊ 0⤋