Estimates welcome.. just looking for general idea.
2006-08-24 17:30:44 · 14 answers · asked by phishycoding 4 in Business & Finance ➔ Other - Business & Finance
about 70,000
2006-08-24 17:33:57 · answer #1 · answered by Mama R 5 · 0⤊ 0⤋
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2016-11-10 22:11:47 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The IRS mandates a 25% withholding for all winnings. Each state that taxes winnings has their own withholding percentage for winnings. In general, the total withholdings is between 25% and 29%.
Good luck!
Will D
Enterprise AL
http://www.notagz.com
2006-08-24 17:40:38 · answer #3 · answered by Will D 4 · 0⤊ 0⤋
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2017-01-02 11:48:29 · answer #4 · answered by stanberry 4 · 0⤊ 0⤋
This depends on how much other money as income you have in that year, and whether you are allowed to average it over two years. But it would be a good idea not to spend more than 60 percent till you get it calculated by a CPA.{ or maybe a registered agent}.
2006-08-24 17:43:14 · answer #5 · answered by fata minerva 3 · 0⤊ 0⤋
If you take cash payment, you need to pay about 40% towards your tax at the time of payment. It's because it's considered like bonus (one time payment) and the highest rate applies. However, at the year end, when you file your tax, you could claim your deductions, expenses, etc and you probably get back some. At that time it really depends on what else you have.
2006-08-24 17:38:33 · answer #6 · answered by spot 5 · 0⤊ 0⤋
If you win 100,000 dollars I don't know how much you'll get to keep but I do know that you will be ****** by the IRS - That you can count on!
2014-08-06 02:44:29 · answer #7 · answered by ProveIt2Me 1 · 0⤊ 0⤋
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RE:
If you win 100,000 dollars how much do you get after taxes?
Estimates welcome.. just looking for general idea.
2015-08-06 09:10:13 · answer #8 · answered by Anonymous · 0⤊ 0⤋
The average tax is 35 - 39%.
2006-08-24 17:34:08 · answer #9 · answered by Justsyd 7 · 1⤊ 0⤋
About 65k. Capital gains is around 35%.
2006-08-24 17:36:35 · answer #10 · answered by I'm_Bored 4 · 0⤊ 0⤋
probably around 75 Gs!
2006-08-24 17:33:34 · answer #11 · answered by Anonymous · 1⤊ 0⤋