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Lottery winners celebrate Mega-divorcePrevious TopicNext Topic

Topic closed. 21 replies. Last post 7 years ago by LOTTOMIKE.

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fwlawrence
fwlawrence's avatar - Yavill
Austin
United States
Member #9550
December 6, 2004
132 Posts
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Posted: April 13, 2005, 2:22 pm - IP Logged

tg636:

    Any amount given out over $11,000 is taxable to the person who GIVES the money, not the person who gets it.

    ryanm
    Avatar
    Morrison, IL
    United States
    Member #4741
    May 13, 2004
    1661 Posts
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    Posted: April 14, 2005, 11:56 am - IP Logged

      Correct.  If you give someone one million dollars, you have to pay the gift tax.  The person you give the money to does not have to pay any taxes.

      I must also comment that it's always nice to see a poor person such as Rodriguez win the lottery and not some rich jerk like Whittaker.

      Maverick
      Maverick's avatar - yinyang
      USA
      United States
      Member #8399
      October 29, 2004
      1133 Posts
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      Posted: April 14, 2005, 8:56 pm - IP Logged

      Yea that Rodriguez win was like a hit for the home team. Sooo close to where I am, but too bad I dont get a cut lol.

        CASH Only

        United States
        Member #380
        June 5, 2002
        11296 Posts
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        Posted: April 15, 2005, 9:35 am - IP Logged

        Whittaker is not a jerk...he chose cash.

          Maverick
          Maverick's avatar - yinyang
          USA
          United States
          Member #8399
          October 29, 2004
          1133 Posts
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          Posted: April 15, 2005, 4:11 pm - IP Logged
          Quote: Originally posted by CASH Only on April 15, 2005

          Whittaker is not a jerk...he chose cash.


            CASH Only

            United States
            Member #380
            June 5, 2002
            11296 Posts
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            Posted: April 18, 2005, 9:47 am - IP Logged

             

              LOTTOMIKE
              LOTTOMIKE's avatar - cash money.jpg
              Tennessee
              United States
              Member #8005
              October 15, 2004
              11329 Posts
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              Posted: April 23, 2005, 4:21 am - IP Logged

                 
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