Has anyone else read the disclaimer at the end of the credits. The winner will not be receiving a million dollars at the end of the show as advertised. The million dollars will be paid out over the course of 40 years, or the winner can have the option of taking the present value of it now.
A million dollars paid out over 40 years works out to $25,000 per year. Assuming a 28 percent tax bracket, that provides the winner with $18,000 per year - a nice shopping spree, but certainly not enough to live a dream life.
Taking the present value would mean that, assuming an 8.0% discount rate (I don't know what NBC would use), the winner can elect to walk away with $298,115, or about $196,000 after taxes (the winnings would boost their tax bracket).
This is such a scam by NBC and I'm surprised that more of you aren't talking about it. The show definately gives the impression that they will receive a million dollars if they win. They even go so far as to show the checks made out to each girl in the amount of a million dollars. Even the winner will have to throw their check into the fire because its not real!! I'm sure NBC will downplay it, but can you just picture the host snatching the winner's check out of their hand and saying: "you don't actually get this check, you can have this one for $25,000 and this letter providing you with another one of these checks for the next 40 years."
Not exactly as exciting as winning a million dollars, is it?