Whoah in the United States if you win a game subscription prize, it's considered taxable income and you have to pay taxes. 😲
https://www.purexbox.com/news/2023/04/xbox-fan-wins-game-pass-for-life-but-shockingly-declines-the-prize
#Xbox #GamePass #Subscription #taxes #IRS
I'm in Canada but if we have something similar, I would also decline it. I wouldn't be alive long enough for its full duration of 40 years, so I may as well not pre-emptively pay taxes on something I couldn't fully redeem.
I wonder if subscriptions are transferrable upon death? Probably not.
Librem Social is an opt-in public network. Messages are shared under Creative Commons BY-SA 4.0 license terms. Policy. Stay safe. Please abide by our code of conduct. (Source code)
I'm in Canada but if we have something similar, I would also decline it. I wouldn't be alive long enough for its full duration of 40 years, so I may as well not pre-emptively pay taxes on something I couldn't fully redeem.