How much would all taxes be for a $300,000 home won in a raffle in La. be?

0 ⤊

How much would all taxes be for a $300,000 home won in a raffle in La. be?

2007-06-26 14:42:49 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

2 answers

Somewhere around $80,000 for federal income taxes, plus about $18,000 state tax to Louisiana.

2007-06-26 15:06:53 · answer #1 · answered by Judy 7 · 0⤊ 0⤋

federal taxes would be at least 40% you need to see a tax attorney to make sure where you are located. happy for you but walk with caution. good luck.

2007-06-26 14:58:31 · answer #2 · answered by barrbou214 6 · 0⤊ 1⤋