State tax, federal tax? What other taxes?Prev TopicNext Topic

• SmoothJuice

  

  United States
  Member #54,388
  August 17, 2007
  313 Posts
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  Aug 12, 2009, 10:49 pm

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  So it's 6% tax and it's 25% federal.  What other taxes do I have to pay when I win the jackpot?
• dk1421

  

  North Carolina
  United States
  Member #64,580
  September 1, 2008
  349 Posts
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  Aug 12, 2009, 10:58 pm

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  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

  

  MI
  United States
  Member #54,828
  August 31, 2007
  985 Posts
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  Aug 13, 2009, 1:17 am

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  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.