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Winning

Taxing your winnings

by Tess Vigeland
May 18, 2012
Winning big could saddle you with some serious debt. Tax expert Louis Barajas explains.
American tax law would tax the fair market value -- not the retail value -- of this Porsche Carerra 911 that Maria Sharapova won at her income tax rate if she filed her taxes in the U.S.
THOMAS KIENZLE/AFP/GettyImages
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