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Hoots : Are taxes payable on bounties offered by governments? Say the police is offering 1 million US dollars for information leading to a capture of a notorious criminal. Say you provide this information to the police, and they - freshhoot.com

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Are taxes payable on bounties offered by governments?
Say the police is offering 1 million US dollars for information leading to a capture of a notorious criminal. Say you provide this information to the police, and they have to pay you 1 million of taxpayer money. Do you pay taxes on the amount received from the government?


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