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3 Answers

What would taxes be on $30 million?

Asked by: proffr 556 views YA Discussion

Just asking this question because my uncle won $ 30 million, and both he and I were wondering what he’d be left with after taxes. He decided he want’s to splurge on a $ 1 million house or apartment in an affluent neighborhood, a $ 200k Ferrari and a $ 100k watch. He also wants to be generous and donate $ 3 million to charity. After that he want’s to put the rest of the money away in investment’s, and live off of the interest. He also want’s to live a very comfortable lifestyle. So beside all of that what would he pay in taxes?
@Paul, don’t be jealous of my uncle because of your insecurity. Be happy with yourself, and content with what you have. You should be happy for him, not jealous and envious of him. God bless you, may your heart be softened!

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3 Answers

  1. Paul on Jan 20, 2013 Reply

    Taxes would be 35% or 10.5 million. Leaving him with 19.5 million, if it were actually true. Which it obviously isn’t. That’s not including state taxes.

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  2. coraann on Jan 20, 2013 Reply

    About $ 15 million will be taken for taxes before he receives his winnings.
    Maybe he should rethink his money spending plans.

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  3. Judy on Jan 20, 2013 Reply

    If it’s $ 30 million lump sum, maybe around 10 million for federal.

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