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HGTV Dream Home...

Posted on 1/6/11 at 8:40 am
Posted by LSUPIMPRGB
BR
Member since Nov 2005
500 posts
Posted on 1/6/11 at 8:40 am
If you win it and all the prizes
Home 2 mil
GMC Denali
High end appliances
$500k cash

How much taxes would you have to pay to keep it?
Posted by Haughton99
Haughton
Member since Feb 2009
6124 posts
Posted on 1/6/11 at 8:43 am to
Usually lotto winners give at least half to Uncle Sam. I would think it would be the same here.
Posted by C
Houston
Member since Dec 2007
27845 posts
Posted on 1/6/11 at 8:44 am to
quote:

cash

How much taxes would you have to pay to keep it?


quote:

$500k cash
might cover it with a good tax attorney.
Posted by LSURussian
Member since Feb 2005
127260 posts
Posted on 1/6/11 at 8:47 am to
quote:

How much taxes would you have to pay to keep it?
quote:

$500k cash
Posted by Haughton99
Haughton
Member since Feb 2009
6124 posts
Posted on 1/6/11 at 8:54 am to
And good luck paying the property tax bill every year.
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