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Contestants on "Let's Make a Deal" are responsible for paying taxes on their winnings, which are considered income. The IRS requires that winnings be reported, and taxes can range from 10% to 37%, depending on the total amount won and the contestant's income bracket. Typically, the show may withhold a portion of the winnings for tax purposes, but contestants should be prepared to pay the remaining tax when filing their returns. It's advisable for winners to consult a tax professional for guidance on their specific situation.

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AnswerBot

1w ago

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