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In Australia there is no tax on prize money as it is not considered income.

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Q: What are the taxes on a three hundred thousand dollar prize?
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What are the taxes on a twenty five million dollar lottery prize?

8,250.000.00 = eight million two hundred and fifty thousand.


How many hundreds in ten thousand?

Divide 10,000 by 100, equals 100. There are 100 hundreds in 10,000. If you are paying your Federal taxes, a stack of one hundred hundred-dollar bills equals $10,000.


What are the taxes on a 2 million dollar prize?

The tax on a two million dollar lottery jackpot is around 30%. The winner would thus be paying around $600,000 in taxes before they saw the money at all.


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What does 1.2 million dollars mean?

1.2 million dollars is 12 hundred thousand dollars. In other words, it is one million two hundred thousand dollars. ($1,200,000) The government will get 522,659.55 of it in taxes , leaving you with 677,340.45.


How much in taxes is owed on a 1 thousand prize in Texas?

How much tax is owed on a 1,000 US dollars prize in Texas depends on your tax bracket. You must include details of your winnings when you file your federal tax return.


Is there a game show that pays taxes on the prize?

As far as I know, there is no game show that does so. Contestants are responsible for paying taxes on prizes that they accept, and have the option to forfeit a prize if they would be unable to pay the taxes.


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Are taxes paid on the nobel peace prize?

Yes, the Nobel Peace Prize is considered taxable income in the United States and other countries, subject to income tax laws. Recipients may be required to report the prize money as income and pay applicable taxes on it.


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