How much money do they get, after taxes?

The ClubHouse: Big Brother 2000: General - Archives: Questions, questions and more questions: How much money do they get, after taxes?

Ocean_Islands

Saturday, September 30, 2000 - 01:34 pm Click here to edit this post

From the Star-Telegram:

Curtis Kin received $50,000 for his third-place finish, while Josh Souza received $100,000 for second place. McGee received 59 percent of the votes from the viewing audience, while Kin received 14 percent and Souza received 27 percent.

Arlington tax accountant Bill Eastland figured that based on a single tax status with no additional income, McGee will pay $173,928 in taxes, leaving him with $326,072.

Using the same criteria, Souza will pay $23,457 in taxes, leaving him with $76,543, and Kin will pay $8,579, leaving him with $41,421.

Punkgrrl

Saturday, September 30, 2000 - 01:37 pm Click here to edit this post

Good work, Ocean Islands! Thanks for the info.

Busterfla

Saturday, September 30, 2000 - 01:51 pm Click here to edit this post

Usually in big payoffs like this, you can figure that the tax man will take 33% of the top. Now I wonder if California is gonna hit them too .... double whammy.