C J asked:
What will the tax be if I win a contest where they pay $100,000 as a lump sum in the first year and $36,000 each year for the next 25 yrs (assuming I live that long) and will the tax be owed in the first year or during each year a payment is made to me? The details of the contest are here … http://milliondollar.cnbc.com/
308 Ferrari
Sphere: Related ContentWhat will the tax be if I win a contest where they pay $100,000 as a lump sum in the first year and $36,000 each year for the next 25 yrs (assuming I live that long) and will the tax be owed in the first year or during each year a payment is made to me? The details of the contest are here … http://milliondollar.cnbc.com/
308 Ferrari
