Game Pass Ultimate for Life winner declines prize after calculating tax hit

Winning a prize isn’t all roses as one Reddit user found out. Posting on the r/MicrosoftRewards subreddit, user Elvite indicated that he won the recent Game Pass Ultimate for Life contest held by Xbox but upon closer examination was going to be on the hook for roughly $1700 in additional taxes.Estimated reading time: 2 minutesAfter receiving the paperwork to fill accept the prize, Elvite found out he would have to claim a value of $7300 (the “for life” part
…
Read more