Archive for September 2011

How much taxes do you have to pay if you won million dollar sweepstakes?

Sep 15th, 2011 | By

Honda asked: This is only hypothetical question but I was curious as to how much you have to pay taxes if you won $1 million from sweepstakes? If it is, let say 40% of winning goes to taxes then can I donate of that percentage to charity and don’t pay taxes? Caffeinated Content