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State tax, federal tax? What other taxes?

Topic closed. 2 replies. Last post 7 years ago by DC81.

Page 1 of 1

United States
Member #54390
August 17, 2007
313 Posts
Posted: August 12, 2009, 10:49 pm - IP Logged

So it's 6% tax and it's 25% federal.  What other taxes do I have to pay when I win the jackpot?

    dk1421's avatar - Lottery-024.jpg
    North Carolina
    United States
    Member #64582
    September 1, 2008
    347 Posts
    Posted: August 12, 2009, 10:58 pm - IP Logged

    When I lived in PA, I remember paying County taxes. But I think it was just for the priviledge of working in that county. I don't think it was much.

      DC81's avatar - batman39
      United States
      Member #54830
      August 31, 2007
      985 Posts
      Posted: August 13, 2009, 1:17 am - IP Logged

      It depends, you could also have county taxes like dk1421 mentioned, you can have city taxes if you live in the city limits of a city/town that has a tax and there are other potential taxes that might come about. If you're really lucky, your state will retroactively enact a nice big tax hike on you.

      You can't predict random.