Extreme Makeover is a television show where the cast builds a brand new house for a family in need.
Does the show provide money to pay for taxes associated with winning a new house?
2007-02-07 16:01:31 · 9 answers · asked by J W 2 in Entertainment & Music ➔ Television
Once they own the home they will be required to pay propery taxes twice a year and this is based on the appraised price of the home and land? There is no tax right away. Its like getting the house left to you in a will from a dead family member. Its yours you just have to pay the biannual taxes, water, sewage, eletric bill, gas bill, etc.
Ask this quesiton in the Real Estate area you will get some good educated answers.
2007-02-07 16:11:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
in maximum circumstances, from what I definitely have considered, a collection it taken so as that they get rid of the charge to the place the home is thoroughly paid off...there remains a family individuals earnings coming in, consistent with probability not lots yet there is funds coming in i'm particular the valuables tax; which i've got self assurance is only paid each year; coverage and utilities are paid interior the process the families earnings. many of the families residences are falling to undesirable shape simply by fact they're putting the money else the place and the abode only turns into final precedence.
2016-09-28 14:14:45 · answer #2 · answered by ? 4 · 0⤊ 0⤋
I think they get everything free for a year and then after that they have to start paying and are most likely given finacial aid by different organizations and such.
Good question, I always wondered the same!
2007-02-07 16:05:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Hells yes they do. Tax man always has his hand out to collect.
A story i like to tell.
When Jesus would go to minister to the lowest of the low his disciples would follow and admire him for it. Whore? OK. Thieves? OK. Murderers!? Still OK. Then one day Jesus went to the tax collector home to dine with him and Bam his disciples went postal! Enough is enough! You can only go so far down into the gutter before you can no longer get the smell off. Even then the tax collector was hated and despised. The bunch of SOBs!
2007-02-07 16:15:25 · answer #4 · answered by RUDOLPH M 4 · 0⤊ 2⤋
alot of times on shows like that they will include some prize money to cover the taxes but you have to pay taxes on that as well the irs loves money
2007-02-07 16:04:43 · answer #5 · answered by skytzo ! 3 · 0⤊ 0⤋
most of them get cheques for 50,000 anyways..
I thought any gift given to you on a game show in the US is taxable... but at the producers descretion
2007-02-07 16:05:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes! only one year with the permits to build.
You better figure it out, since the cost of the house is extreme as well so will the new taxes!
2007-02-07 16:04:00 · answer #7 · answered by Denise W 6 · 0⤊ 1⤋
Yes. It's considered income.
2007-02-07 16:04:27 · answer #8 · answered by Anonymous · 0⤊ 1⤋
they probably help them out or something, im not sure.
but they will eventually have to pay.
Aaron
2007-02-07 16:04:03 · answer #9 · answered by Anonymous · 0⤊ 0⤋