[rc5] New competitor
marcus at dfwmm.net
Tue Jul 1 16:18:59 EDT 1997
Arvin Meyer wrote:
> > So with this talk of taxes, does this imply that the Bovine winner
> > would not be subject to US taxes assuming a US winner?
> Of course a US winner would be subject to US taxes, including all state and
> local taxes. I was pointing out that if the effort in Finland were to
> result in the prize being sent there first, a US winner might be subject to
> taxes in BOTH countries!
The easy way to avoid this is to donate the money to charity. Don't
about it until you find that you won it. When you do, find out what the
taxes will be. If they are too much, refuse to claim the prize, duh.
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