so i was reading online different articles how people are saying you win a car or a trip or any big amount you will be screwed you will pay thousands in taxes retail value then state taxes etc etc i do know you have to pay taxes on wins over 600 but i got a little discouraged how do those people out there that will all the time big prizes afford all these taxes? if i win a car for 30 and pay in over 10k in taxes that is still expansive
so i guess i was wondering people stories of anyone who won big prizes their experience was it a hassle ? expansive at the end of the year?
thank you