Originally Posted by womackcali02
If you won a bracelet and lets say 500k what would you do?
I would give myself a 50k online bankroll and put 450k in a savings account and pay myself a monthly salary to be equal too 50k a year. So hopefully I would win some more
What would you do?
You may want to think a bit harder prior to spending your earnings. Here's why:
1. Upon winning $500k+ there is Nevada Gaming Taxes to pay
2. State taxes (Residency) to pay off
Both of these funds will kick you up to the next tax bracket for the year (rough estimate @ or about 41.5 percent.) That leaves you with just under $298k clean.