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Taxing your winnings

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