So youve won a million dollars WOOO!! how much do you really get?!
Question: i was juuuust watching deal or no deal, (lol) and was wondering what would happen if you really won a million dollars. i hear a lot of things like..."psh you will only get half of that because taxes."
i dont really understand taxes yet (lol im a liiiittle young)
so... i dont get it? what do you win?
Answers: i was juuuust watching deal or no deal, (lol) and was wondering what would happen if you really won a million dollars. i hear a lot of things like..."psh you will only get half of that because taxes."
i dont really understand taxes yet (lol im a liiiittle young)
so... i dont get it? what do you win?
They usually take out about 30% of that million for taxes...You get what's left. you get a little over 70% of the million.
1,000,000 - 30% = 700,000
They don't actually take 50%...It just seems they take a lot of the money.
it has to be claimed as an income which could be taxed up to 33%.