stack1
Nov 14, 2010, 05:52 AM
How much should I pay for a 5000 winning ticket
Fr_Chuck
Nov 14, 2010, 06:40 AM
It is merely income, you will pay at the same tax rate you pay. A guess, ( are you in the US, are you in a state that has income tax, what tax rate are you at)
So for me I would pay about 1500 to 2000 in taxes most likely
AtlantaTaxExpert
Nov 14, 2010, 07:35 AM
If you are non-resident, the withholding rate is 30%, unless it is lower under a specific tax treaty.