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Old Twilight Zone... taxes on a million dollars from the genie?

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gmoney Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-06-10 11:00 PM
Original message
Old Twilight Zone... taxes on a million dollars from the genie?
$942,640 according to the friendly IRS man who shows up and doesn't ask WHERE the money came from.

Teabaggers want THOSE "good old days" back?
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rcrush Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-06-10 11:27 PM
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1. Was that really an episode?
Edited on Sat Mar-06-10 11:28 PM by rcrush
Cause that would bum me the hell out. Does the genie pay in cash? Who reports genie money to the IRS?
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gmoney Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-06-10 11:33 PM
Response to Reply #1
2. Yeah, it's a real episode
"The Man in the Bottle" from 1960... guy with a failing antique store gets a bottle with a genie in it, so one of his wishes is for a million in $5 and $10 bills, which come raining down into his shop. He starts handing out cash to friends and neighbors, and the last guy in line is the IRS guy, who on the spot assesses about 90% federal plus some state tax. That's the figure he comes up with, which after the handouts to friends, leaves the guy with $5.

Won't go into the other wishes... You can watch it here: http://www.youtube.com/watch?v=3XFF7aHx6vM
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