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A comment on White hat hacker awarded $2M for fixing ETH-creation bug. Parent comment

Re:White hat hacker awarded $2M for fixing ETH-creation bug by antishatter on Sunday February 13, 2022 @11:31PM (#30328380)
Not to be “that guy” but make sure you get an accountant to help you avoid like a $1m tax liability to the extent it is possible.

Probably a lot you can do.

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Re:White hat hacker awarded $2M for fixing ETH-creation bug by sillysaurusx on Monday February 14, 2022 @08:22AM (#30331668)
Which tax liability? That’s news to me.
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Re:White hat hacker awarded $2M for fixing ETH-creation bug by anchpop on Tuesday February 15, 2022 @01:43PM (#30350807)
Any income is subject to taxes in the US
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Re:White hat hacker awarded $2M for fixing ETH-creation bug by sillysaurusx on Wednesday February 16, 2022 @03:03AM (#30357449)
Yeah, but 50%?
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Re:White hat hacker awarded $2M for fixing ETH-creation bug by antishatter on Saturday February 26, 2022 @12:52PM (#30479879)
Yeah a prize like this will be close to 50%. If you’re w2 remember that your employer covers like 25% of your tax burden. So when you self employee or win an award like this you end up paying that tax plus the tax your more used to.
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