View Single Post
  #13 (permalink)  
Old 08-20-06, 05:12 PM
iceberg's Avatar
iceberg iceberg is offline
Champion
 
Join Date: Jan 2006
Location: Houston
Posts: 583
BBP Points: 258
Default

Yeah, with those big winnings you can subtract about 40% for the taxman and the rest is yours. So with a $5M win, Uncle Sam gets $2M and you would get $3 (unless you can come up with a lot of tax deductions in a hurry).
Reply With Quote