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PugGaming - Gaming Never Done Alone » News » Gaming News »  (Moderator: psychockey)Great Steam Giveaway Winner!
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« on: January 07, 2012, 03:17:45 AM »




Ever wonder how much you would need to pay for every game on steam? Well wait no longer. His name is psychomantis and he won every game on steam.

Receiving this email you can only imagine what would run through ones mind.

Now how much is every game on steam worth? Click Here
« Last Edit: January 07, 2012, 03:21:33 AM by Wave » Logged
taylynne
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« Reply #1 on: January 07, 2012, 03:43:35 AM »

How much most are worth at least!  Not the most accurate and doesn't include every game, etc.  However, still worth a hellva lot! 

The guy is pretty lucky, and I think it's cool they get gift copies of whatever they own! Wonder how many people are going to bug him now.
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Killjoy
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« Reply #2 on: January 07, 2012, 04:19:58 AM »

lmao @ having to pay atleast 1300 in taxes on the gift he received! lmao i would kindly legally deny the games.
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« Reply #3 on: January 07, 2012, 12:30:38 PM »

WoW, if i had this email i would be so happy!.. i dont think anyone would be sad if he won "all the games one steam".. XD

And he had 7 coal .. a friend of mine had like 40+ what a waste..  
« Last Edit: April 23, 2012, 02:25:34 PM by [PUG]SpecialFo » Logged


zeuz80
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« Reply #4 on: January 07, 2012, 12:33:31 PM »

damn thats a lot of money, and if he has to pay that much tax... i cant imagine how much i would have to pay in Denmark
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« Reply #5 on: January 07, 2012, 03:16:34 PM »

Yes he has to pay gift tax on it which is around 1200 bucks at his state lol ( well the state he has on his profile)
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taylynne
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« Reply #6 on: January 07, 2012, 05:43:52 PM »

Quote from: valve
The winner of the Grand Prize will be additionally awarded a one-time “true up” payment from Sponsor based upon U.S. income taxes owed by the winner.


Someone said on the forums (steam) but I'm trying to find their source.  However, if this is true, then must be nice.  All those games and no worry about taxes lol

EDIT:  found it

here: @Prizes (b)
Quote
(b)   Epic Holiday Giveaway. Unreleased games will be delivered to the winner at the time of their release. Prize value is the purchase price of those games at the time of the drawing. Odds of winning depend on the number of pieces of Coal remaining in all user Steam inventories at 10:00 am Pacific Standard Time on January 2, 2012. The winner is solely responsible for any taxes applicable to the prizes. The winner of the Grand Prize will be additionally awarded a one-time “true up” payment from Sponsor based upon U.S. income taxes owed by the winner.
« Last Edit: January 07, 2012, 05:46:20 PM by taylynne » Logged
Killjoy
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« Reply #7 on: January 07, 2012, 09:38:35 PM »

Quote from: valve
The winner of the Grand Prize will be additionally awarded a one-time “true up” payment from Sponsor based upon U.S. income taxes owed by the winner.


Someone said on the forums (steam) but I'm trying to find their source.  However, if this is true, then must be nice.  All those games and no worry about taxes lol

EDIT:  found it

here: @Prizes (b)
Quote
(b)   Epic Holiday Giveaway. Unreleased games will be delivered to the winner at the time of their release. Prize value is the purchase price of those games at the time of the drawing. Odds of winning depend on the number of pieces of Coal remaining in all user Steam inventories at 10:00 am Pacific Standard Time on January 2, 2012. The winner is solely responsible for any taxes applicable to the prizes. The winner of the Grand Prize will be additionally awarded a one-time “true up” payment from Sponsor based upon U.S. income taxes owed by the winner.



Thats like saying he is paying taxes with taxes in which the money he gets to pay the taxes will have taxes..

However this just generally will just allows him to receive the games now and not worry about taxes until the end of the year or whenever said person does taxes. Then he will have to report it / taxes on the gift money he gets to pay the taxes lol. It all evens out eventually but still funny
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« Reply #8 on: January 07, 2012, 10:46:49 PM »

Yes he has to pay gift tax on it which is around 1200 bucks at his state lol ( well the state he has on his profile)
I would do it.
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Plad pants
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« Reply #9 on: January 07, 2012, 11:29:36 PM »

Yes he has to pay gift tax on it which is around 1200 bucks at his state lol ( well the state he has on his profile)
I would do it.

It is much less than the actual games
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« Reply #10 on: January 08, 2012, 01:36:33 AM »

Yes he has to pay gift tax on it which is around 1200 bucks at his state lol ( well the state he has on his profile)
I would do it.

It is much less than the actual games

Yes but like i think someone said when i talkd to them may have been corey was well said.. you could save that money and spend 1k on games you would actually play lol or hell even 500 would suit me fine for all the AAA titles id want for a year!
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« Reply #11 on: January 08, 2012, 04:24:23 AM »

Yes he has to pay gift tax on it which is around 1200 bucks at his state lol ( well the state he has on his profile)
in Denmark the tax is about 50%... it would be about 9000 bucks for those games
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« Reply #12 on: January 08, 2012, 05:02:56 AM »

Wait wait wait wait. He has too be tax for the games he got on Steam? How does that make any sense? I never pay tax when I buy something on Steam, so why should he pay for the games he won?
I can understand having to pay tax for the Razer Hydra, but not for any of the games.
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Plad pants
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« Reply #13 on: January 08, 2012, 07:37:32 AM »

Wait wait wait wait. He has too be tax for the games he got on Steam? How does that make any sense? I never pay tax when I buy something on Steam, so why should he pay for the games he won?
I can understand having to pay tax for the Razer Hydra, but not for any of the games.

I would agree, it was a contest and he won first prize which was every game on steam, if he won it then i dont get why he has to pay something for them
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« Reply #14 on: January 08, 2012, 03:05:19 PM »

Wait wait wait wait. He has too be tax for the games he got on Steam? How does that make any sense? I never pay tax when I buy something on Steam, so why should he pay for the games he won?
I can understand having to pay tax for the Razer Hydra, but not for any of the games.


Read here about gift tax
Quote

What is considered a gift?
Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return.

In the US you have to pay taxes on anything that would be considered value. If steam as it says will pay the taxes owed by him for the gift depending on how they pay it assuming they will pay the taxes directly but if they do not the money he would get would be considered income tax and would have to pay on it as well..

 
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