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At $1 mil USD, the federal gvt will take about 35%, and the state of MA will want another 5%.
But would the winner get taxed (at a state level) from his/her home state or from MA? CA for example taxes 9-10%. So would I have to pay CA income tax rate? Or the MA tax rate? Presuming I'd be living in CA and would only use the MA property as a vacation property. Would I have to cough up $400K or $450K?
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1987 Venetian Blue (looks like grey) 930 Coupe
1990 Black 964 C2 Targa
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