Quickie regarding Winning and Taxes..

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  • Actionbrett
    SBR Wise Guy
    • 03-03-07
    • 601

    #1
    Quickie regarding Winning and Taxes..
    Its something ive never done but recently in the city i live there has been a serious crack down on this and must consider it..

    I know its tough to say and i dont understand this topic much but someone ballpark this for me.

    For every 10K i claim as gambling winnings how much would i lose due to paying taxes on it. Im sure this topic has been covered but couldnt really find a "good" answer.
  • durito
    SBR Posting Legend
    • 07-03-06
    • 13173

    #2
    It's 10k of additional income and is taxed as such. No way to "ballpark" it, without knowing how much other income you have, what deductions you can claim, etc...
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    • homedog
      SBR Sharp
      • 09-08-05
      • 260

      #3
      My assumption is 1/3.
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