NBC Photo: Trae Patton
I love watching Deal or No Deal, but it drives me crazy when Howie says, "$100,000 is enough to change your life!" After taxes, won't the contestant only end up with half of that? Is Howie just out of the loop?
Come, come. How can anyone who shares screen time with George W. Bush on national television be seen as out of the loop?
A Deal spokesman didn't return a call and an email asking for comment, but most game shows—such as The Price Is Right—do not pick up a contestant's tax tab. The winnings count as nonemployee income on a tax return.
So let's say you have Mary Q. Coffeecozy from Racine, Wisc., and she makes $40,000 a year. Then she wins $100,000 from The Banker. Here's how her life changes: