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Was the "Price Is Right" Contestant Who Gave Up a Chance at a Car for $1,500 an Idiot or a Genius?

This week, a contestant on "The Price Is Right" got some boos from the audience when he passed up a 75% chance to win a car . . . for $1,500 in cash.  But some people are saying that might be the right choice anyway, because he would've had to pay a lot of taxes on the car.

"I love the Price is Right! Wooo!" -Kevin

Price is Right contestant plays for a car.