one million

[7window]

What is the tax rate if you win 1million in a reality show like survivor?
What would be net? I don't know if it matters if you are unemployed.


No I didn't win! just curious.

 

[KillerCharlie]

I'm pretty sure it's around at least 30%-40%.

I remember someone in the area winning 100k in the lottery and ended up with 64k.

 

[amdhunter]

33% I think.

 

[her209]

I'm pretty sure it's around at least 30%-40%.

I remember someone in the area winning 100k in the lottery and ended up with 64k.

Is that just federal or is that federal and state? Also, aren't winnings treated (taxed) differently than earned income?

 

[dennilfloss]

In Canada, winnings are treated differently than earnings: they aren't taxed.

 

[AnonymouseUser]

You'll basically keep ~$500K of the $1M prize. Even though it's dated (2002), this article sums it up nicely.

 

[squirrel dog]

With Obama ? You'd have to pay him to leave .

 

[Fritzo]

With Obama ? You'd have to pay him to leave .

Hahahahaha! He made a joke that Obama is making high taxes and that you would have to pay him a large sum of money to leave office, because he's greedy and that's all he cares about.

A real knee slapper, that one! I'm gonna have to tell my grandkids of this when I grow old!

 

[darkswordsman17]

33% I think.

I think it'd be best if you stopped thinking altogether.

Hahahahaha! He made a joke that Obama is making high taxes and that you would have to pay him a large sum of money to leave office, because he's greedy and that's all he cares about.

A real knee slapper, that one! I'm gonna have to tell my grandkids of this when I grow old!

I know, hilarious. I think it must be love, you know how he has to bring Obama up.

 

[thepd7]

Hahahahaha! He made a joke that Obama is making high taxes and that you would have to pay him a large sum of money to leave office, because he's greedy and that's all he cares about.

A real knee slapper, that one! I'm gonna have to tell my grandkids of this when I grow old!

lol he'll be irrelevant by the time you have grandkids.