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Old 11-30-2005, 09:00 PM
PartySNGer PartySNGer is offline
Join Date: May 2005
Posts: 82
Default Re: Dannenmann interview on

How much is the government taking in tax??!!? 4.5 million, half, so 2.25 million gets taxed down to 1.3 million?!?!!?!? Is that legal?

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I'm not sure where you guys learned math, but here's the real math:

Dannenmann won 4.25 million. Half of that is 2.125 million. He took home 1.3 million after taxes. So he paid 2.125-1.3 = 0.825 million in taxes.

825,000 is only 38.8% of 2.125 million. No he did not pay 50% for tax purposes and it's a little disappointing that it's taken this long for this to be corrected.
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