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if I won 200,000 in proof of how much you have to pay taxes in Australia?

A local TV station runs a test called "Who wants to be rich? Participants are chosen at random from the local telephone directory. I was fortunate to be selected and has appeared on the show for five nights answering all questions and become Grand Champion. I won $ 200,000 and a car worth $ 30,000. the amount of taxes to pay this year

Earn a competition to be classified as exceptional "A" by the Tax Office. This means there is an element of luck, it is considered non-taxable. lottery also treated the same way. The only exception to this would be if you were a common candidate Quiz Show, in which case it can be taxed on their profits as taxable income, because there is the expectation that they could win. Assuming that you have invested the prize money in a term deposit or action on the track taxed on income from term deposits or shares, but still would not have imposed on the original amount.

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