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 Im 36, will there be any social security funds left when im of the age to retire?
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 My ex claimed my daughter on his taxes in 06, but shouldn't have. How can I fight that?
My ex (we were never married) claimed my daughter in 06 on his taxes. We had an understanding that I would claim her every year, because at that time I was not receiving child support. I never filed ...


 Who claims the children if joint custody?
She has already filed for both kids but we share equally all expenses and they live with both of us an equal amount of time. Will the IRS say that I should claim one of them?...


 Is paying Social Security taxes mandatory or optional?
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 Driver's license is from Indiana, but I live/work in Illinois. Do I have to file with Indiana too?
I have lived and worked in Illinois since 2002, but my driver's license is still from Indiana. I was told that since my license was from Indiana I was considered a resident of that state and, ...


 What do our taxes pay for?
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 What happens if I do not file my income tax for three or more consecutive years.?
I just wanted to know if one does not file his or her income tax for three consecutive years or more, will there be a problem? Though he / she is paying taxes monthly....


 Why do we have income tax?
I understand everyother type of tax. Except income tax.
Why should someone be charged directly from their income? It's completely unfair. I'm sure there are better reasons, I'd ...


 Is there tax on social secuty?
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 Why is family allowance paid to rich people who don`t need it?
And, in order to stop its abuse, why isn`t a portion of it paid in clothing and footwear tokens? I heard some people putting this viewpoint forward the other day and wondered what Q/A `s opinions ...


 Kk....i need to control ma temper..vat do i do??
i really need to have a control over ma temper.vat shuldi do??...


 If I am self-employed do I need to file estimated taxes or can I pay the entire amount at the years end?
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 Its May 2nd, where is my tax rebate?
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 Should a 16 yr old pay tax on 8 hours a week job- if so how much?
They took a load of tax from him when he first started but we don't know if or when he'll get it back....


 What will happen if I do not include my husbands' 1099R on our tax returns?
The reason I ask this is because we REALLY need the money right now because I am unemployed at the present time due to a sickness. The early withdrawal was for $18,000 and we paid some federal taxes(...


 Can my parents claim me on their tax return?
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 We are married and are both claiming 0 -- but still owe money ?
My husband and I both work and both claimed 0 on our W-4, but every year we owe taxes ...Together we make around $73,000 -- and this year we owed $1700! What are we doing wrong?...


 Tax question?
My wife made less than 1,000 dollars last year, do I have to fill out her information on our taxes?...


 Why does it cost so much to have your taxes filed?
Filing taxes every year is something we all HAVE to do, regardless of income. So, why does it cost some people so much to have them filed? The prices are getting outrageous.....


 If I live in New Jersey, but get paid from a company in New York, for what state do I file taxes?

Additional Details
This is for a 1099...



Patrick
If you win money.....what percentage tax has to be paid?
                     
 




inkys_owner
Rating
too much, based on income and state taxes


Josh
If you win a large amount of money, you will have to report it on your income taxes at the end of the year. Because the internal revenue code states that 90% of your taxes must be paid by year's end, you are going to want to make estimated payments. You will want to look up an irs form called form 1040-ES. You can get any tax form from your local irs office or you may download and print them online at http://www.irs.gov/formspubs/lists/0,,id=97817,00.html. Follow the instructions on that form. The amount of estimated tax you pay will depend on your anticipated tax for the year. On this form it will show you a table of income ranges for which the tax will be. As a previous answerer told you, gift taxes are the resposibility of the one giving the gift, and I believe this year can be up to $12,000 without being assessed, but that won't apply to you anyway. Hope this information helps.


Baby
Rating
what ever the taxes are for that state.


Mary
Rating
Each state has it's own tax regs, same with cities. Nevada and some other states have no tax on gross income.

The Federal tax rate you pay is based on adding your net winnings to your regular income. Income tax rates today range from 0% to 35%.

Net winnings equal the amount you win, if gambling, less your total gambling losses for the year. If you win something on a game show it will be the total less your expenses to participate.

Gift taxes are the responsibility of the giver


miknave
Rating
Income tax is based on amount of money you get so the more you get the higher % they take, if million or above figure you will lose half to taxes.


3bumblebees
Rating
30%


Pobept
depends on the amount you win!
tax bite will be from 10% to 50% federal tax
I don't know what your states tax rate is!


hellhammer
a nickel


GUK
that depends on the state, tax laws,your slab etc. You have to contact your CA


NubbY
in adition to the normal income taxes there is a federal gift tax which i believe is %27. You are going to see approximately 1/2 your winnings.


fitsumkh
Rating
33%


cjl1618@sbcglobal.net
Rating
depends on where you won it. Most states will collect state tax right at the time you win (if is is a large enough amount), and will give you the option of having money taken out for federal. You fed tax owed on it will be the same was whatever rate you pay on income.


robertminidriver
Rating
It's based on your income level. The winnings are just added in to everything else.


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