"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." And here is the right link.
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I realized there were some formatting errors on my part. Give me the benefit of the doubt and a few minutes to fix it before you whine about it. Anyway, now he just looks like an ass since I rectified my formatting mistake.
EDIT: Oh, that's what you meant. I thought you were talking about the italicized section of the link caused by the formatting error, in which case your comment would be redundant. My bad, sorry! ^^;;
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I think you missed my point now. I'm pretty sure what he was saying was look at this section: "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." If I'm reading that correctly, I agree with Incog and Pur3Bolt, that Valve will send you money to cover it all, most likely all of the money, even if it doesn't mention that specifically.
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"... that Valve will send you money to cover it all, most likely all of the money, even if it doesn't mention that specifically."
That's the point I was trying to make. The rules do not clarify exactly how much Steam is willing to take liability for. I'm worried because I don't know if Steam would cover the complete cost of lost sales value in the Grand Prize itself and the applicable tax amounts.
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I think they would. While they could make a case for only giving you 52 cents and calling it a day (the wording can be taken as a legal promise to give all of it or give barely any), I think from a PR standpoint, they'd be shooting themselves in the foot with a rocket launcher. Valve's too smart for that sort of PR cock-up in my experience with them, so I think it's taken as granted it's all of the money.
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Wonders of Steam. You can pass your account to your children. :D Just leave your password in your will and voila! Family legacy!
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It's not account sharing if you're dead! It's account passing on! Also, there's no way they can tell unless they keep an eye on the obituaries. :D
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KotOR was released in 2003. They'll sodding well take the games from my account and play them unless they want a post-mortem beating.
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Meh, close enough. Guess I'm still on a Halo rampage, which WAS released in 2001. Does it really matter?
Besides, that's what I said. You really should get better glasses. ;P
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So... what did that even MEAN? I saw that when the giveaway was on and just scratched my head.
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It's the taxes in general I don't get. So, you buy something (or, in this case, win it) and then you get charged for the priviledge of that...? If so, the fuck is up with US tax laws? Someone explain for the Englishman who likes his nice, simple fixed VAT, already included in the printed price?
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Apparently you have to pay taxes on the games you win. So if you win every game on steam, you have to pay taxes for every game on steam. They're saying that they'll give you some money to help cover the tax cost, but they don't actually say that it'll cover ALL the taxes.
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The whole "tax" thing obviously stands for a general term. In case a game or two decides to send you a physical item of sorts for no apparent reason, for instance.
tl;dr op is a dramaqueen
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In the US (and probably other places with income tax), prizes are considered income. Income tax applies to them. The amount you own on it is based on your tax bracket, so they don't know how much tax will be owed until they get information from the winner.
What you are referring to is sales tax, which I don't think applies to prizes.
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If there were any sort of logic to it, they would wait until you start your taxes and then ask to see the taxes owed based on your potential tax situation. Because it is classified as income, for some people that could mean a much much higher tax bracket than others. Especially since it will definitely bump people up to the next bracket at least.
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I presume nothing, but only because it's a digital item. Physical items given as gifts have goddamn stupid laws surrounding them, preventing any non-US citizens from entering.
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... but now I REALLY don't want the Grand Prize, as it is subject to tax laws.
"(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."
Not sure if Steam will give you sufficient funds to help pay taxes or not, as it is not clearly stated.
Source: Epic Holiday Giveaway Contest Rules
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