Quote:
Originally Posted by Ghoulish Delight
Yau could have kept the truck, but he has said that he's still giving to Dreamz.
|
Yet another example of why life--if reality TV is life--is a law school hypo. If the truck is really Yau's, and he gives it to Dreamz, he has to pay both income tax and gift tax on it. I would think that once they made the deal, they huddled with the Survivor producers to establish that Dreamz had officially earned the truck for income tax purposes. If it had not been established that the truck was Dreamz's, I think we would have heard about it. Like many people who win such things, Dreamz will probably have to sell it to pay the taxes on it unless he hits a post-Survivor windfall of paid appearances. Or unless the producers promise to pay his taxes, like they did for Richard Hatch.
Yau could, of course, sue Dreamz for breach of contract for either the value of the truck or the difference between fourth and third place. It would probably be too speculative to say his damages were a million dollars. However, based on his comments last night, it sounds like he's not going to.