Summary (IA Generated)
So what really happens when you win the big prize on Millionaire? For starters, winners in the United States are taxed at around 40 percent of the total, which means they actually walk away with 60% of the final prize.
] ‘I wasn’t a millionaire a second after I won the money because I had to pay taxes on it.
Carpenter also chose to keep his job at the Internal Revenue Service, and told the paper his winnings weren’t enough to quit.
‘It’s not enough money, especially living around here, to just drop out and have fun and not do anything.
] But it’s not like what it used to mean when you said $1 million.
‘ So if you’re thinking about applying for the show to win big, just keep in mind you won’t be rolling in a million dollars, even if you do hit the jackpot.