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$310 MILLION: largest Mega Millions jackpot in 19 months

Topic closed. 44 replies. Last post 6 months ago by Bleudog101.

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Kingofearth's avatar - Kinnak
Upstate NY
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Posted: June 17, 2016, 2:34 am - IP Logged

I am American, but I am married to an Aussie. If I win in Australia, all prizes are tax-free and I have to right to remain anonymous.

The jackpots also suck when compared to the American jackpots. The top lottery prize in Austrailian history is 112 million Austrailan dollars, split 4 ways. I'd rather get taxed silly and still walk away with a lot of money. 

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    Simpsonville
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    Posted: June 17, 2016, 12:23 pm - IP Logged

    I am American, but I am married to an Aussie. If I win in Australia, all prizes are tax-free and I have to right to remain anonymous.

    Maybe I was told wrong when stationed in Deutschland in the late 80's.  Was told that if you won the German lottery, the IRS would still go after 'their share' (BS).  So wouldn't your wife have to collect the money??  Just curious.  Good luck to the both of you.

      Get paid's avatar - Lottery-062.jpg
      texas
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      Posted: June 17, 2016, 12:47 pm - IP Logged

      Ok lottery gods,lets do this.

        Kingofearth's avatar - Kinnak
        Upstate NY
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        Posted: June 17, 2016, 3:24 pm - IP Logged

        Maybe I was told wrong when stationed in Deutschland in the late 80's.  Was told that if you won the German lottery, the IRS would still go after 'their share' (BS).  So wouldn't your wife have to collect the money??  Just curious.  Good luck to the both of you.

        American citizens have to pay US taxes on income that they earn overseas. If he still has US citizenship, he will have to pay the taxes on it come the following April, unless the US and Australia have some sort of treaty or agreement or something saying otherwise. 

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          Simpsonville
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          Posted: June 17, 2016, 8:49 pm - IP Logged

          American citizens have to pay US taxes on income that they earn overseas. If he still has US citizenship, he will have to pay the taxes on it come the following April, unless the US and Australia have some sort of treaty or agreement or something saying otherwise. 

          Some German friends told me you should get a German to cash the winnings to avoid this, but they sure tax the heck out of their lotteries.  I won DM15, they mailed a check minus the taxes.  It was only about $7 worth for Heaven's sake. 

          His wife, unless she has dual citizenship would be exempt from US taxes if I understand the tax code properly, but what do I know?

            Kingofearth's avatar - Kinnak
            Upstate NY
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            Posted: June 17, 2016, 11:20 pm - IP Logged

            Some German friends told me you should get a German to cash the winnings to avoid this, but they sure tax the heck out of their lotteries.  I won DM15, they mailed a check minus the taxes.  It was only about $7 worth for Heaven's sake. 

            His wife, unless she has dual citizenship would be exempt from US taxes if I understand the tax code properly, but what do I know?

            A Non-US citizen living outside of America has no reason to pay US taxes, unless she wins a US lottery. If she won a US lottery, she would have a 30% Federal withholding instead of the standard 25%.

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              Simpsonville
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              Posted: June 18, 2016, 5:59 am - IP Logged

              Conehead I have changed from self-pick to quick pick. Self-pick wins 70% of the time because 70% of the players choose quick pick.   Here I am wondering what I will do with $127.5 million.Troll

               Hoping for a LP Member win!

              Sorry to burst your bubble, music*, nobody won last night.  It really sucks seeing CA was one of three states that had five numbers, yet your lottery paid barely over $310K for that.  I know I'm preaching to the choir, but this angers me even though I rarely get to play out there.

                dpoly1's avatar - driver
                PA
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                Posted: June 18, 2016, 8:34 am - IP Logged

                Dance

                More cash for me to stash!

                dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                 

                Eschew Poverty ........... Vote Conservative!

                  hearsetrax's avatar - 0118

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                  Posted: June 18, 2016, 8:43 am - IP Logged

                  Dance

                  More cash for me to stash!

                  Skeptical should be a most curious week ahead

                   


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                    Posted: June 18, 2016, 8:55 am - IP Logged

                    Told y'all this one would be "Cain't win"

                    New Jersey won another 5+0 again.  Buy tickets in New Jersey if you possibly can.  The New Jersey lottery has never sold a losing MM or PB ticket not once, ever.  Every player at least wins $1.

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                      Simpsonville
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                      Posted: June 18, 2016, 10:19 am - IP Logged

                      Told y'all this one would be "Cain't win"

                      New Jersey won another 5+0 again.  Buy tickets in New Jersey if you possibly can.  The New Jersey lottery has never sold a losing MM or PB ticket not once, ever.  Every player at least wins $1.

                      Where did you get those facts for your last sentence?  I'm sure plenty of tickets were scanned only for the display to read 'Sorry, not a winner'.

                        Bondi Junction
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                        Posted: June 18, 2016, 10:19 am - IP Logged

                        Maybe I was told wrong when stationed in Deutschland in the late 80's.  Was told that if you won the German lottery, the IRS would still go after 'their share' (BS).  So wouldn't your wife have to collect the money??  Just curious.  Good luck to the both of you.

                        Yes, you are right. My Shelia would have to collect the prize money, to keep uncle Sam's paws off the money. It can be very difficult for Americans to open bank accounts abroad, as many foreign banks don't want to deal with the IRS.

                        We all get a lot out of lotteries!

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                          Germany
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                          Posted: June 19, 2016, 10:13 am - IP Logged

                          Some German friends told me you should get a German to cash the winnings to avoid this, but they sure tax the heck out of their lotteries.  I won DM15, they mailed a check minus the taxes.  It was only about $7 worth for Heaven's sake. 

                          His wife, unless she has dual citizenship would be exempt from US taxes if I understand the tax code properly, but what do I know?

                          Hey bleudog, that's incorrect. Germn lottery winnings aren't taxed. Currently 1 line of 6/49 is 1 Euro plus processing fee between 0,10 in Bremen and up to 0,60 Euro in Lower-Saxony. These pay for infrastructure of the lottery (or so they say to justify this ripoff charge...).

                          I'm not sure why they sent a check though? You could just cash your ticket at every retailer? I understand your time in Germany was a little while ago, but back then that was possible too, I'm not sure if you are maybe confusing things? 

                          Not sure what taxes you paid on that check, maybe checking fee as Germany does not collect tax on lottery winnings and the IRS wouldn't claim taxes from you on 17$?

                           

                          As for the last part I agree, I looked into the taxation agreements between US and Germany and U.K., as U.K. winners in the past wo millions and didn't have to pay taxes (There was a turkish born english banker who won on a scratcher a few years ago in NY).

                          The taxation agreements are in place with the US and I think 17 European Countries, but notably not Switzerland.

                          The only part where I'm not sure is that while income taxes wouldn't be applicable, I don't know how sales tax figures in.

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                            Simpsonville
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                            Posted: June 20, 2016, 8:26 pm - IP Logged

                            I honestly don't remember, believe it was 6/49??  don't even remember the name or why they sent a check to me in Fuerth (still don't  know how to do an umlaut).  I do remember the paltry sum and it had taxes taken out and was shocked over that.  Yes the late 80's were some time ago.  Good luck in your lotteries.

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                              Simpsonville
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                              Posted: June 20, 2016, 8:28 pm - IP Logged

                              myturn,

                               

                              Just wanted to let you know just opened up my check from the Massachusetts State Lottery Lucky 4 Life game subscription.  Enclosed was a check for $25.00