BIG GAME TAX INFO

Reply #4

Guest — Sun, 14 Apr 2002 23:47:05 GMT

The top fed rate is 38.6 which you will have to pay on everything over a few hundred thousand dollars. Figure maybe 18-19 million more than the witholding on the 160M but you can probably deduct some if not all of the state tax so multiply 38.6 x state rate and subtract total from the 38.6 to see what fed tax you would actually owe. I am not a tax professional this just a rough estimate

Reply #3

Guest — Fri, 12 Apr 2002 12:39:08 GMT

You must also remember that the taxes taken for federal tax is not necessarily the TOTAL amount that you are required to pay. Consult a tax agent after winnings

Reply #2

goodbadmas — Fri, 12 Apr 2002 11:33:35 GMT

Thanks Todd

Reply #1

Todd — Fri, 12 Apr 2002 10:56:50 GMT

You can click on the BigGameLottery.com Jackpot Analysis page -- click the link below.-Todd

BIG GAME TAX INFO

goodbadmas — Fri, 12 Apr 2002 10:22:48 GMT

Hi, I was curious about the big game tax info. If someone wins cash option what are the taxes they would have to pay ? any one ? Thanks for ur info in advance.