![]() Check out our fall TV premiere schedule to help plan when you can watch what you want to watch. Whichever option Kodi Lee and his mom choose, I'm sure he'll have the resources to fulfill his dreams of having "a grand piano in every color." I'm also confident that receiving less than $1 million isn't going to stop thousands upon thousands of talented (and somewhat less talented, although I am still strangely fond of Caterpillar Man and his even more bizarre return) people taking the stage in front of the judges to try and become the next champion.Īmerica's Got Talent is over for now, but there are still plenty of viewing options coming to NBC and the rest of the networks now that fall TV season is soon to get into full swing. If Season 14 champion Kodi Lee takes the 40-year option, he'll be in his 60s before the America's Got Talent payments are complete. The lump sum would presumably sustain winners for a time without an outside job, but not guarantee income in the future. Winners who choose to take the 40-year annuity would likely need outside jobs or to make it big based on their AGT fame. As with the lump sum, taxes could result in the actual money taken home being significantly lower, even if the total is larger than the lump sum in the long run. The total would almost certainly be less than half a million before taxes can even be deducted.Īs for the annuity over four decades, winners would receive $25,000 annually before taxes. ![]() The lump sum would be considerably less than a cool million, according to Forbes, before taxes. Now, the actual totals per year or the lump sum depend on taxes. It actually has saved his life, playing music.Yes, the grand prize totaling $1 million is "payable in a financial annuity over forty years" or in a lump sum of the "present cash value of such annuity." Contestants are informed from the beginning that they won't be taking home $1 million if they win America's Got Talent, so at least it wouldn't have been a rotten surprise for Kodi Lee and his mom after he won the top prize. “Through music and performing he was able to withstand living in this world because when you’re autistic it’s really hard to do what everybody else does. Tina Lee said during the event that she’s glad to see her son excel despite his struggles with being blind and having autism, according to CBS. “As long as Kodi is playing music, recording music, and performing live, he is in his happy place.” “Kodi would love to have a grand piano in every color possible,” Tina told earlier this summer. His mother, Tina Lee, told that he made plans for what he would do if he won on the show. ![]() That said, Lee is still due for a lot of cash. Otherwise, Lee can accept the cash value of the annuity, which will also come before taxes. But that’s before taxes, according to Forbes. Instead, you receive $25,000 over 40 years. What's Hot Episode 99 Talent RecapIntro - 0:00Kodi Lee's Beginnings - 0:40Audio Photographic Memory - 1:17AGT audition - 1:32AGT win - 2:23What he would. So, no, winning “AGT” doesn’t mean you’re an instant millionaire. “America’s Got Talent” has a general prize for winning: “The prize, which totals $1,000,000, is payable in a financial annuity over 40 years, or the contestant may choose to receive the present cash value of such annuity.” Former Utah resident Kodi Lee won “America’s Got Talent” on Wednesday night, securing himself the top prize of $1 million. ![]()
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