How much taxes would I have to pay if I were to win $250,000.00
Raffle is in California but I live in Pennsylvania.
Coleen, you can figure on losing 40 - 50% to taxes, depending on what the rest of your income is, and your marital status. You would have federal income tax, CA non-resident income tax, and PA income tax. PA would give you credit for the taxes you pay to CA, but depending on the rates you might not get credit for all the tax you pay to CA.
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