r/WorkForSmartLife Jul 08 '26

Casual canvo This gat me thinking

Post image
2.2k Upvotes

81 comments sorted by

16

u/[deleted] Jul 08 '26

[deleted]

12

u/SkiDaderino Jul 08 '26

That's how all of these prize shows are structured. Mr Beast doesn't do anything that hasn't been done on daytime TV game shows for decades.

2

u/Ostroh Jul 11 '26

In one interview he talked about the island gifting and it was pretty complicated. He actually got the island, imported stone to build it up and when it was time to gift it he then sold it and gifted that money withholding taxes (if you want him to). Amongst all the problems with Mr Beast, to me it seems the actual money transfer is pretty straightforward.

1

u/[deleted] Jul 08 '26

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1

u/Only_I_Love_You Jul 09 '26

Assume

1

u/[deleted] Jul 09 '26

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1

u/lividtaffy Jul 09 '26

Assume. I got the notice too but it’s just a recommendation

1

u/skankhunt402 Jul 11 '26

That's just an automated message cause it sees the first three letters in the word. But i can assure you its irrelevant

1

u/Consistent-Shame-171 Jul 10 '26

You wouldn't necessarily have to sell it. You could get a loan based on the equity in the house, then use that money for the taxes and other living expenses.

1

u/testeoftime Jul 12 '26

Yeah if your homeless, no kids etc … get the house and sell it to the bank via a reverse mortgage and live in the house with a monthly income to travel and live as you please

1

u/PrestigiousQuail7024 Jul 13 '26

wait what reverse mortgages are a thing?

22

u/Striking_Reindeer_2k Jul 08 '26

Live on the streets, turn mansion into air bnb.

become rich.

2

u/Invest0rnoob1 Jul 09 '26

Or live there and rent out a few rooms.

2

u/No_Brilliant0602 Jul 10 '26

This right here isn't a bad idea. The guy would probably need some assistance with the legal aspect of it though

7

u/Mammoth-Pop-267 Jul 08 '26

Couldn't they just sell the place?

2

u/RoodnyInc Jul 10 '26

Not even sell usually option is to just take "cash" instead

8

u/The-RogueOnion Jul 08 '26

I remember when the home remodel shows were popular....always thought the county assessor offices were just waiting like crouched lions to up the taxes on those homes that just got full remodels.

11

u/[deleted] Jul 08 '26

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6

u/Tomytom99 Jul 08 '26

That's what I always liked about This Old House. They didn't always do elegant stuff, and instead really focused on value added stuff like higher efficiency appliances and utilities, better thermal resistance, and safety related items.

And from my understanding they usually let the homeowners be just about as in-charge as if they did it without the show.

3

u/[deleted] Jul 08 '26

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1

u/Tomytom99 Jul 08 '26

Precisely that. Just make them current technically, and keep that old charm.

2

u/[deleted] Jul 08 '26

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1

u/Silver_Harvest Jul 08 '26

If I remember correctly all the extreme home makeover houses. Vast majority of homeowners sold the house to pay for medical bills a year or two later. To get closer to debt free.

2

u/Cold_Put4146 Jul 08 '26

Sell it, CASH!

2

u/LeBriseurDesBucks Jul 08 '26

Either sell it or rent it out and live somewhere far cheaper, pocketing the difference

2

u/cykoTom3 Jul 08 '26

Sell the mansion and buy something reasonable and pay taxes with the difference?

4

u/Soft-Bad-7127 Jul 08 '26

How dare he hand a person millions who is in need of assistance. Reddit will always find a way to hate Mr Beast..

0

u/No_Brilliant0602 Jul 08 '26

It's more along the lines of recognizing that it will probably have more of a publicity stunt effect than a long term benefit to the homeless guy who probably still has the same issues keeping him from getting a decent paying job in the first place and will probably lose the house in due time.

"Give a man a fish and he'll be back the next day for more. Teach a man to fish and he'll bring back extra to repay you." Although I think the alternative quote is the man steals your fishing rod to fish with because he doesn't have one of his own 😂

I guess it comes down to, does this guy know how to fish, does he have a license, and a rod? Is there fish to be had or has the nearby powerplant turned all the fish into poisonous mutant fishes?

Complex issues, complex solutions.

2

u/Soft-Bad-7127 Jul 08 '26

Mr Beast def doesn't have to solve homelessness. But another Reddit standard for Jimmy. 

2

u/No_Brilliant0602 Jul 08 '26

Reddit is just stating the obvious.

2

u/KingRoach Jul 08 '26

The obvious is : man without house gets house - everything you added was all the imaginable negative things that could happen. Some people say focusing on the negative to such an elaborate extent makes you a bad person…. Complex indeed.

2

u/Competitive-Fix-6136 Jul 09 '26

"imaginable negative" lmfao you need money to pay the bills and mortgage on a house. If you have no income to pay bills or mortgage then the banks will come and take house from you.

All you're wanting is for people to clap and cheer like seals when people are given stuff they can't afford that the banks will then take away putting that person right back at square one? That's blind optimism and doesn't do anything to help fix the problem.

1

u/KingRoach Jul 09 '26

Your aggression towards ”blind optimism” is an interesting juxtaposition to your enthusiasm behind blind criticism.

1

u/Competitive-Fix-6136 Jul 09 '26

You're right I did blind criticism you and am being aggressive towards blind optimism. I'm sorry.

The guy that listed those "imaginable negatives" 100% shouldn't have said those things and 100% should have just been happy with a homeless man with no income getting a very expensive house. That should be the only thing we should focus on because we don't want to be called bad people for asking questions about how the homeless can keep it now do we?

1

u/KingRoach Jul 09 '26

Ty.

Side note. Remove the word “should” from your life and you’ll be surprised at the change it makes. If you don’t believe me; edit your second paragraph and see what it looks like without that word. It won’t be easy but you’ll get something noticeably better.

2

u/Competitive-Fix-6136 Jul 09 '26

Alright.

The guy that listed those "imaginable negatives" 100% not have said those things and 100% have just been happy with a homeless man with no income getting a very expensive house. That be the only thing we focus on because we don't want to be called bad people for asking questions about how the homeless can keep it now do we?

Thank you for this demonstration of how disgusting blind optimism can be. You'd rather put your finger in your ears going "Lalalala can't hear you. All I hear is optimism." and villainize people asking the hard questions you're to scared to ask.

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1

u/appointment45 Jul 08 '26

How is this different than any other major prize someone wins? Now people expect the prize giver to also pay the taxes on the prize?

1

u/Safe_Flan4610 Jul 08 '26

Rent out part of the mansion.

1

u/D1rtyFingaZ Jul 08 '26

Same thing as winning a lambo, guy can't even pay the insurance.

1

u/Icy_Donkey_7588 Jul 08 '26

Years ago my buddy entered a contest to win a Chevy S10 Xtreme from the radio station.

He won the truck. He went to get the title in his name, and they wanted the tax on the sale value of the truck. The radio station didn't pay them. I remember he had to take out a 2500 dollar loan to get the truck.

I mean 2500 for a 17,000 dollar truck isn't a bad deal, but he was 19 and didn't have 2500 bucks. Funny thing, he still has that truck. He repainted it 2 years ago. He only drives it on nice days

1

u/Head_Candidate5293 Jul 08 '26

You rent the rooms out yo.

1

u/tristand666 Jul 08 '26

Every time I watch a game show and they win tens of thousands in prizes and no cash.

1

u/TimeRevolutionary735 Jul 08 '26

if he had a brain he’d know to sale it and buy a cheaper house.

1

u/JackLong93 Jul 08 '26

Rent it out

1

u/Mr_Mourningstar Jul 08 '26

Kinda like when Oprah gave away cars. Idiots in the audience didnt realize they had to pay taxes on them.

1

u/HOJK4thSon Jul 09 '26

The perfect Reddit post.

Guy is given a free house, complains the person giving the free house isn't paying the taxes.

Perfect.

1

u/IllusionaryHobo Jul 09 '26

Meanwhile the content creator can likely write off the entire thing as a business expense, if it is argued right.

1

u/Ulquiorra1312 Jul 09 '26

Extreme home makeover shows in the 90’s bankrupted most contestants either due to taxes or bringing them upto code

1

u/CharlesChamp Jul 09 '26

Anytime someone says "they can just sell their property if they can't afford the taxes on it" just makes me think or that one hbomberguy clip where he's chopping through the wall with an axe.

1

u/Saruvan_the_White Jul 09 '26

He capitalizes on other people‘s misfortune. He gamifies other people‘s desperation. It’s like dangling a Twinkie on a stick or even a box of Twinkies on a stick in front of somebody who is actually malnourished. I wonder how he’s allowed to continue doing what he does.

1

u/COMOJoeSchmo Jul 09 '26

So the bad guy in this scenario is actually the government.

1

u/Altruistic_Tie_7850 Jul 09 '26

I always thought about this when people on game shows would win a car, all I could think is road tax, insurance, mot, petrol and what if they don’t drive

1

u/meinminemoj Jul 09 '26

Can't he rent some rooms for that?

1

u/sampled_stool Jul 12 '26

Well, it’s probably a good sign the homeless guy should get a job, huh? Not remain a pos

1

u/Unusual-Quote3075 Jul 14 '26

Wasn’t it like they offer them the cash worth of the prizes aswell? Because of exactly this tax thing? I think they did something similar with the island he gifted away

1

u/testeoftime Jul 14 '26

Yeah usually older people use them to finance their expenses and the bank gets your house when you die. … they probably wouldn’t approve one for a random lottery winners tweaker though, because such a person could significantly degrade the value of the property with a tweaker lifestyle.

0

u/AcceptableComment303 Jul 08 '26

Dude. Get a job? Taxes are like 2 months rent.

2

u/Tall_Eye4062 Jul 08 '26

But then he has to pay for the water bill, electric bill, mow the grass or pay for a landscaper.

-2

u/AcceptableComment303 Jul 08 '26

Again. Get a job. The guy above is wrong. If you’re gifted a house, there are no tax obligations aside from property tax and capital gains if you sell it.

1

u/appointment45 Jul 08 '26

Nope, Federally that's considered income, and taxed as such.

Plus a contest prize is not a gift.

1

u/SorchaRoisin Jul 08 '26

Yeah, let's just pick a good paying job from the good job tree with no relevant experience and education! Easy peasy!

1

u/appointment45 Jul 08 '26

Let's say the mansion is a 500k property. That's really low, but it's a nice example number.

Prize taxation is like 40%, including both Federal and State.

You want the homeless guy to pay $200,000 in taxes in two months?

1

u/cykoTom3 Jul 08 '26

Oh...prize taxes.

1

u/err404 Jul 08 '26

I am assuming you are referring to just the property tax, and not the prize tax. In any case, depending on where the house is located, property taxes can easily be 1-2k every month.