Taxes??

Reply #5

Brcebrce — Sun, 04 Nov 2012 21:56:17 GMT

In a cookie jar? You have a major sweet tooth.

Reply #4

rcbbuckeye — Wed, 31 Oct 2012 23:59:31 GMT

LOL. Sorry you had to learn the hard way about those things. Next time buy an innerspring.

Reply #3

rdgrnr — Wed, 31 Oct 2012 15:21:08 GMT

I can't stuff it in my mattress cuz I got one of those stupid air (sleep number) mattresses that goes flat 3 times a night and sounds like a 747 taking off everytime you pump it up until the pump breaks and you have to buy a new one.

So I guess I'll just stuff it in a cookie jar or something.

Reply #2

billionaire2bee — Wed, 31 Oct 2012 13:21:37 GMT

Ok that's what I was thinking.....except the mattress thing...my luck I'd do that and the house would burn down....so anyways thanks rcbbuckeye

Reply #1

rcbbuckeye — Wed, 31 Oct 2012 13:18:09 GMT

If you collect on an annuity then you will pay income taxes each year, on the annuity amount you receive, and on any interest earned from money you deposited in an interest bearing account.

If you take a lump sum payment, you pay taxes on the lump sum one time. If you took the remaining money and stuffed it in your mattress, you would not pay any more taxes on that money. If you took the remaining money and put it in the bank or earned interest on it, then you would pay taxes on the interest

Taxes??

billionaire2bee — Wed, 31 Oct 2012 13:10:06 GMT

So sitting around doing some figuring and I had to wonder if the lottery takes the taxes off the top every year for you if you take the annunity???.......Or do you pay on your interest and everthing else you make while working (if you plan on keep working thru the years) as a whole each year??? Anybody know