Do contestants have to pay anything for prizes won on the show The Price is Right?
All prizes on The Price is Right are taxed as ordinary income on the manufacturer's suggested retail price. Some contestants will decline prizes to avoid paying the taxes. It is the contestant's responsibility to report the prize income on their tax return and pay the taxes. ChaCha!
Answered by Yohannes J. -
About The Price is Right
'The Price is Right' is a game show hosted by Drew Carey on which contestants must name the price of products in order to win prizes and the final showcase. 'The Price is Right' is the longest-running game show in American television history, hosted by Bob Barker until his retirement, and famous for the catch-phrase ''come on down!''
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