if you won 50,000 what would the tax be on it?

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2007-10-19 09:18:16 · 5 answers · asked by woodstock 1 in Business & Finance ➔ Taxes ➔ United States

It's taxed as ordinary income, so it depends on your tax bracket after you add the winnings to your other income.

2007-10-19 12:40:43 · answer #1 · answered by Judy 7 · 0⤊ 0⤋

It depends on your tax bracket and other income, but 30-35% might get you in the ballpark.

2007-10-19 16:22:26 · answer #2 · answered by Anonymous · 0⤊ 1⤋

It depends on your tax bracket....however generally it's about 30% - 40% for the middle class income...

2007-10-19 16:22:00 · answer #3 · answered by mailjunkie123 3 · 0⤊ 2⤋

1/2 of it.

2007-10-19 16:20:37 · answer #4 · answered by Princess3 2 · 0⤊ 4⤋

25,ooo

2007-10-19 16:25:34 · answer #5 · answered by petewfan 2 · 0⤊ 3⤋