if the amount varies by state, than i am reffering to NY, ny
2006-09-12 08:49:01 · 12 answers · asked by Mopo 2 in Business & Finance ➔ Personal Finance
About 33% is going to be taxes.
2006-09-12 08:50:47 · answer #1 · answered by sunflowers 4 · 0⤊ 0⤋
In one lump payment, 1/2 of the published amount less 38% in federal tax.
2006-09-12 08:51:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You will only pay tax to the government in Germany, but you will have to pay tax to take it on the plane back to Germany (money worth over $10,000 US must be declared and departure tax must be payed) if that happened you would be the most lucky unlucky person
2016-03-26 22:16:34 · answer #3 · answered by ? 4 · 0⤊ 0⤋
About half, depending on how much you win and into what tax bracket those winnings put you. In New York it's considered personal income.
2006-09-12 08:54:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I think it's treated as personal income. So it'd jump up to 35%, just for federal. Then there's state taxes.
2006-09-12 08:50:38 · answer #5 · answered by BiyGuy 2 · 0⤊ 0⤋
At the amount of taxes??? 5 cents.
2006-09-12 08:50:23 · answer #6 · answered by Mommymonster 7 · 0⤊ 0⤋
100%. You tricky devil. You can't pull one on me.
Your questioned asked what percentage can they take home "after taxes." This means, they've already paid taxes, and that means they get to keep it all.
2006-09-12 09:01:54 · answer #7 · answered by derek 4 · 0⤊ 0⤋
roughly 33% will be lost to taxes including federal taxes
2006-09-12 08:54:28 · answer #8 · answered by nas88car300 7 · 0⤊ 0⤋
$1,000,000.00
IRS about $250,000.
Adding on a regular income could increase that when filing.
Your state will take a % also. Look at LY return % for yourself.
2006-09-12 08:57:39 · answer #9 · answered by ed 7 · 0⤊ 0⤋
Usually it works out to be about half unless you invest the money or put it into a retirement fund.
2006-09-12 08:50:48 · answer #10 · answered by Joe K 6 · 0⤊ 0⤋