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If I were Filthy Rich
By Swimming-Vacation-87+13 Taxes
OK, so if I win a million dollars and let's just say 35% is taken out for taxes. I get a check for $650,000. When I file taxes for 2025 I'd get charged another large percent, right?
Recent responses
+24 @Alone-Experience9869 I THINK what you are asking is double taxation... The 35% taken out is the withholding, just like withholding from your paychecks. When you file your tax return, then you settle up...