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Yes they have to pay taxes on the winnings
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∙ 11y ago
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Do Olympians pay taxes on money paid to them by the us Olympic committee for winning?
9,000 tax if gold is won
If I am 69 years old and disabled do I have to pay taxes on the money I won from the Florida lottery?
Not it it's less then 600.00
In a lawsuit monetary judgment won do you have to pay taxes just like a paycheck?
are taxes due on monetary judgment like a pay check
Do you have to pay taxes if you won 600 on Mega Millions?
yes dummy
Are you taxed on money won in a harassment lawsuit?
The government taxes you on everything!
What is the most money ever won on the Powerball?
$365million won by a group of 8 people. each got $15.8million after taxes.
Was the shay's rebellion the first battle of the revolutionary war?
No. Shay's Rebellion happened two years after the Revolution was won and the Peace Treaty ratified. Shay's Rebellion was begun by veterans of the war, who had not been paid for their service. There was no money in circulation, no mint to make money, and these farmer-veterans could not pay their debts. In those days the sheriff would imprison a person who owed money if the creditor asked. A person also needed "hard money" (actual coins) to pay the taxes on their land, and since "hard money" was almost impossible to come by, they could not pay their taxes and faced losing their farms. So here were the veterans whose blood won our national independence, and who werent even paid the pittance they had been promised, in jail for owing money and about to be made homeless because they could not pay their taxes, because the government was so ineffective it could not even get money into circulation, but was effective enough to have laws providing for imprisonment for debt and for foreclosure for unpaid taxes.
Do you have to pay a procedure fee to get the money they say you won?
That's called an "advance fee" scam. You send the money, and you never get anything from them. You won nothing. Had you, they'd be paying you, not asking you to pay them.
Do you pay taxes on money won in a neglagence suit?
It depends on what the award is titiled as.Generally, if it is to replace something you lost (say a car), then no (at least to the degree you didn't already take the loss for taxes). If it is to replace income that would have been taxable, or as punishment to the other, then yes.
Why did the British government start raising taxes on the colonists?
They wasted a lot of money on us in the French and Indian war. They thought it only be fair for us to pay for some of it, as without their help we would not of won.
How many medals have Scottish athletes won in 2012 Olympics?
Scottish athletes have won 9 medals.
Do I have to claim winnings in Las Vegas as income?
You may have to report your casino winnings on taxes if they exceed a certain amount. The game you won in also plays a role if you have to pay federal taxes for the winnings. If you won a poker game, the minimum taxable amount is $5000. Even if you don't have to pay taxes, it is still your duty to state them on your tax report.
