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For a $5,000 win from Publishers Clearing House, federal taxes would typically be around 24%, resulting in about $1,200 in federal tax. State tax varies by state; for example, if your state tax rate is 5%, that would be an additional $250. Therefore, you could expect to pay approximately $1,450 in total taxes, leaving you with about $3,550 after taxes. Always consult a tax professional for precise calculations based on your situation.

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3mo ago

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There has never been any finding by any court of Publishers Clearing House violating any law and no payment for any such event. In the early part of 2000 and later in 2001 Publishers Clearing House did enter into voluntary agreements with state Attorney Generals along with others in the sweepstakes industry where costs of invesitgation and consumer refunds were paid.


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