bansheecry
Member
I know it depends on the state but what is the avg percent you pay on taxes for a big prize. Say a $6000 prize?
question about taxes on big prizes
- Thread starter bansheecry
- Start date
Here's a thread that will help:
ARV and your taxes {TY to LIDARKSIDE}
http://www.sweepstakesplus.com/smf/arv-and-your-taxes-ty-to-lidarkside-t50686.0.html
It really depends on YOUR tax bracket - we figure 33% on casino wins and sweeps wins are the same - they bump up your net and push you into a higher bracket.
ARV and your taxes {TY to LIDARKSIDE}
http://www.sweepstakesplus.com/smf/arv-and-your-taxes-ty-to-lidarkside-t50686.0.html
It really depends on YOUR tax bracket - we figure 33% on casino wins and sweeps wins are the same - they bump up your net and push you into a higher bracket.