Survivalist Pro
Photo by Pixabay Pexels Logo Photo: Pixabay

Is the million dollars taxed on Survivor?

All of that prize money is taxable—a lesson Season 1 winner Richard Hatch learned the hard way. (Hatch ended up spending 51 months in prison for failing to pay taxes on his Survivor winnings and other income.)

finance.yahoo.com - Here's Exactly What You Get For Winning 'Survivor' - Yahoo Finance
What knife do SEALs carry?
What knife do SEALs carry?

Ontario MK 3 Navy Knife Ontario MK 3 Navy Knife It features a stainless steel blade which is approximately 6 inches in length. The U.S. Navy Seals...

Read More »
Last updated Aug 14, 2019
What is the strongest sniper on Earth?
What is the strongest sniper on Earth?

CHEYTAC M200 INTERVENTION ( Range: 1800-2286 m ) The CHEYTAC M200 INTERVENTION, an American daring motion sniper weapon classified as an anti-...

Read More »
Last updated Oct 26, 2018

From Men's Health

The winner of Survivor—now in its 40th season—gets a whole lot of money. That prize money is taxable, as season one winner Richard Hatch learned the hard way. Losers make money, too, so you're not completely out of luck if you're not Sole Survivor. While watching Survivor is loads of fun, living the experience is decidedly not as enjoyable. From the small rations of food to the bugs, diarrhea, and thunderstorms, spending 39 days on a faraway island isn't how most people would want to spend their time. Unless, of course, you had the chance to win a very large chunk of money at the end of it all.

So...what do you get for winning Survivor, anyway?

The winner of Survivor gets a cool $1 million.

How much does the Survivor winner get after taxes?

All of that prize money is taxable—a lesson Season 1 winner Richard Hatch learned the hard way. (Hatch ended up spending 51 months in prison for failing to pay taxes on his Survivor winnings and other income.) In reality, after taxes, you would end up with about $580,000, according to AOL. AOL also elaborated on just how significantly those taxes affect your winnings: "How much you're taxed depends on your income and the state you live in (because if your state levies income taxes, it will want its bite, too). However, it's safe to say that you'll lose nearly half to the taxman. If you want to survive on Survivor winnings for 20 years, you'll have to budget less than $30,000 a year after taxes."

Bummer.

But in a cool twist, the winner of Survivor: Winners at War will get a $2 million prize—but don't forget about those taxes. When a North Carolina man won a $2 million Powerball payday, he ended up with about $1,415,001, so we can expect our season 40 winner to take home a similar amount.

Do the losers of Survivor get any money?

For the rest of the castaways, there are also some cash prizes, as the second-place contestant receives about $100,000. Jon Dalton (aka Jonny Fairplay, of "dead grandma lie" fame) told TMZ that jury members are awarded $40,000 and the first person voted off gets around $3,500, while Today reported that the first person to get voted off receives $2,500. And if you're a returning player, you can net about $25,000 for being the first one to leave the island. Other contestants are paid on a sliding scale based on how long they end up staying in the game.

You Might Also Like

What is the deadliest blade in history?
What is the deadliest blade in history?

Deadliest swords in history The claymore, the longsword, and William Wallace. The katana and Masamune: Japan's greatest sword smith. Para 3:...

Read More »
Last updated Nov 20, 2019
What should I hoard for doomsday?
What should I hoard for doomsday?

This doesn't have to be you in this type of situation. Be prepared. Take a look at these 25 things that everyone should hoard in case of an...

Read More »
Last updated May 6, 2018

How many people in the USA are preppers?
How many people in the USA are preppers?

John Ramey: We think about 15 million Americans are actively prepping right now. In terms of percentage of households, we are at or about to cross...

Read More »
Last updated Jun 5, 2021
What is the #1 app right now?
What is the #1 app right now?

1. TikTok. It's no surprise that TikTok is one of the most downloaded apps of 2021.

Read More »
Last updated Jun 20, 2020
Has there ever been a 0-0 score in the NFL?
Has there ever been a 0-0 score in the NFL?

As per Pro Football Reference, 73 games in pro football history have ended in a 0-0 tie. However, the last time that took place was almost 80 years...

Read More »
Last updated May 30, 2019
What animals mate for life even after death?
What animals mate for life even after death?

We're sure some of these are bound to surprise you! Beavers are one of the few mammals that mate for a lifetime, only choosing to find another mate...

Read More »
Last updated Mar 23, 2022