Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   How much I should pay for a 5000 winning ticket (https://www.askmehelpdesk.com/showthread.php?t=525751)

  • Nov 14, 2010, 05:52 AM
    stack1
    How much I should pay for a 5000 winning ticket
    How much should I pay for a 5000 winning ticket
  • Nov 14, 2010, 06:40 AM
    Fr_Chuck

    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
  • Nov 14, 2010, 07:35 AM
    AtlantaTaxExpert
    If you are non-resident, the withholding rate is 30%, unless it is lower under a specific tax treaty.

  • All times are GMT -7. The time now is 07:32 PM.