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Homeslice · 06-05-2009, 08:35 PM

So a guy in South Dakota just won the lottery for $232 million, but after taxes he only gets $89 million. That's like a 62% tax. Since the maximum income tax rate is only like 39%, what other taxes could they be hitting him with? Some special "gambling tax" or some bs like that?

06-05-2009, 08:35 PM	#1
Homeslice Elitist Join Date: Nov 2008 Location: SF Bay Area Moto: Gix 750 Posts: 11,351	Lottery So a guy in South Dakota just won the lottery for $232 million, but after taxes he only gets $89 million. That's like a 62% tax. Since the maximum income tax rate is only like 39%, what other taxes could they be hitting him with? Some special "gambling tax" or some bs like that?