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What is the tax rate for 50 million dollars?

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Reciprocity Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-10-04 12:15 PM
Original message
What is the tax rate for 50 million dollars?
Edited on Thu Jun-10-04 12:33 PM by Reciprocity
Okay I am fantasying about winning the Texas lotto. So what is Uncle Sam's share?
http://www.txlottery.org/
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Tom_Foolery Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-10-04 12:30 PM
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1. Probably close to $20 million...
but that's just a guess.
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fob Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-10-04 12:36 PM
Response to Reply #1
2. Unless you have a po box in Bermuda then bush* sends you
a tax credit of $3,000,000 with your invite to a $500,000 a plate fundraiser. You have 6 seats reserved in your name.
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