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U.K. couple watched lottery drawing as they won £101M

Topic closed. 32 replies. Last post 5 years ago by VAHopeful.

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savagegoose's avatar - ProfilePho
adelaide sa
Australia
Member #37136
April 11, 2006
3300 Posts
Offline
Posted: October 13, 2011, 12:58 pm - IP Logged

do they breed em stupid in the UK or what? you can claim anonymous over there. yet after that last pair won £138M or so and promptly went into hiding a week after going public. this dubious pair of philanthopists  come public.

 

wonder who they stole the ticket off? an 80 mother in a nursing home?

2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

    VAHopeful's avatar - winifrid
    Virginia
    United States
    Member #116536
    September 13, 2011
    51 Posts
    Offline
    Posted: October 13, 2011, 3:39 pm - IP Logged

    Roger that.

    What I can't fathom though is how the hell we let them get away with this kind of highway robbery. When did this gift tax happen? Were we all sleeping? Was it done in secret?

    I know democrats love high taxes but I think a majority of Americans would be against this outrageous abuse of taxation.

    It's because most of us will never be in a position to pay the gift tax, so it goes under our radar. I think you can gift up to $13,000 a year to a person without you or the recipient paying any taxes. And you can give as many people as you want up to $13,000 a year without paying a gift tax, until it adds up to some multi-million dollar limit. I don't remember if the limit is per year, or a life-time limit. I think you can combine 5 years of giving someone $13,000, and hand them 65,000 without paying the gift tax, but if you give them anything else (cash or merchandise) during the next 5 years, you pay the gift tax on that. Something like that. I'm sure there are accountants around that can correct me if I'm wrong. But, how many of us ever have more than $13,000 to give to anyone?

      VAHopeful's avatar - winifrid
      Virginia
      United States
      Member #116536
      September 13, 2011
      51 Posts
      Offline
      Posted: October 13, 2011, 3:46 pm - IP Logged

      Hmmm, can you avoid the gift tax on sharing large sums by carting everyone you plan to share with to the lottery office when you claim it and tell them "Mama gets 2%, my brother gets 1%," etc.? Like it was an office party sharing the win?