How much money does the government take?
2006-09-05 03:31:39 · 11 answers · asked by Anonymous in Entertainment & Music ➔ Television
what percentage do they take?
2006-09-05 03:32:14 · update #1
It's taxed just like your regular income is. It's gross earnings that are added to your normal work's earnings. So if you make 60 grand a year and then win 100 grand on a tv show, that 100 grand is added to your regular income. On a federal level you'd be taxed that year for 160 grand, yet the 100 grand will also be taxed as regular income in comparrison to the taxing regulations for the state you won it in. Just hope the game you win on is in one of the 9 states that don't have state income tax!!!!
2006-09-05 03:57:40 · answer #1 · answered by bean 4 · 1⤊ 0⤋
Game show earnings are taxed as normal income. So how much goes to the government depends on your marginal tax rate.
2006-09-05 10:39:53 · answer #2 · answered by TJ 6 · 1⤊ 0⤋
Depends on the amount you win. It would be the same as any income tax, which means it is on a sliding/progressive scale.
2006-09-05 10:45:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Depends on how much you win. Ask the IRS.
2006-09-05 10:37:17 · answer #4 · answered by Anonymous · 1⤊ 0⤋
It is probably atleast 30%, but knowing our Gov. probably more.
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2006-09-05 10:39:16 · answer #5 · answered by kelchild 2 · 0⤊ 1⤋
Don't ask Richard Hatch...he's doing hard time for tax evasion on that stuff.
2006-09-05 10:41:46 · answer #6 · answered by Bunny Lebowski 5 · 0⤊ 1⤋
Aways think half, it's so close that you might just as well say that.
2006-09-05 10:36:23 · answer #7 · answered by kitkat 7 · 1⤊ 0⤋
They ususally take half. Or close to half.
2006-09-05 10:37:18 · answer #8 · answered by Kamunyak 5 · 0⤊ 0⤋
like 47%, if you win let me know for sure.
2006-09-05 10:40:14 · answer #9 · answered by justmejimw 7 · 0⤊ 1⤋
just about half
2006-09-05 10:36:37 · answer #10 · answered by mstoro23 3 · 0⤊ 0⤋