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Comment by sillysaurusx | Hacker News Reader
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sillysaurusx
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Which tax liability? That’s news to me.
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anchpop
·
Any income is subject to taxes in the US
sillysaurusx
·
Yeah, but 50%?
antishatter
·
Yeah a prize like this will be close to 50%. If you’re w2 remember that your employer covers like 25% of your tax burden. So when you self employee or win an award like this you end up paying that tax plus the tax your more used to.
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