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Lottery winners celebrate Mega-divorce

Topic closed. 21 replies. Last post 12 years ago by LOTTOMIKE.

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fwlawrence's avatar - Yavill
Austin
United States
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December 6, 2004
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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.

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    Morrison, IL
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    May 13, 2004
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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's avatar - yinyang
      USA
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      October 29, 2004
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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.


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        Posted: April 15, 2005, 9:35 am - IP Logged

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

          Maverick's avatar - yinyang
          USA
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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.




            United States
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            Posted: April 18, 2005, 9:47 am - IP Logged

             

              LOTTOMIKE's avatar - cash money.jpg
              Tennessee
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              October 15, 2004
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              Posted: April 23, 2005, 4:21 am - IP Logged