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 aw

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.