Monday, April 26, 2010

Im going to be winning 1 million dollars from a sweepstakes I have entered.....?

After taxes how much of the 1 million will I have left?

Im going to be winning 1 million dollars from a sweepstakes I have entered.....?
dream on
Reply:You have to assume federal taxes on such winnings are approximately 28-34%, so your winnings will be between 660,000 and 720,000. Not a bad days work for entering your name. Good job and yes, I'm jealous. =)
Reply:If you entered one of those sweepstakes you received in the mail, assuring you of your "big win," don't believe it. This type mail is a total scam. Contact the state where the sweepstakes is taking place....check into the consumer protection division to see if any complaints have been lodged against the company. Plus, if the sweepstakes you entered asked for money, that's a red flag that it's not on the level.
Reply:You'll have anywhere from $400,000 to $600,000 depending on where you live. Taxes will probably range between 40% and 60%.
Reply:WILL YOU BE MY FRIEND ????????????? PLEASE?????????????
Reply:after state and federal you will have a little more than half.
Reply:I really do wish you luck on winning, but if everyone that has said the same thing won, then there wouldn't be any poor people in this word. You would probably come out with about 800,000. It really depends on how much the irs wants of it.

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