Question about a citizen from Ecuador winning

Reply #16

LottoBoner — Sat, 05 Jan 2013 20:34:41 GMT

Reply #15

Original Bey — Sat, 05 Jan 2013 20:25:30 GMT

Reply #14

LottoBoner — Sat, 05 Jan 2013 20:19:12 GMT

1 : the quality or state of being reciprocal : mutual dependence, action, or influence

2 : a mutual exchange of privileges; specifically : a recognition by one of two countries or institutions of the validity of licenses or privileges granted by the other

Reply #13

Original Bey — Sat, 05 Jan 2013 20:11:23 GMT

Reciprocity....

United Kingdom is on the listing I provided above Ecuador isn't.

Reply #12

LottoBoner — Sat, 05 Jan 2013 19:56:26 GMT

Yes, but from what I understand England and the U.S. have some sort of special agreement/arrangement, where they dont tax twice.

Ecuador, does not have that sort of nepotism, i think, if that is the right word.

Reply #11

rgse90 — Sat, 05 Jan 2013 19:54:02 GMT

When the guy from England won a few years ago he won the scratch off 1 million dollars a year for life. But because he lives in England he gets $970,000.00 dollars a year for 20 years at least and because England doe snot tax income from lottery winnings he gets to keep alomost 100% fo the money. That was why i am asking this questions because this case I mentioned is factual.

Reply #10

haymaker — Thu, 03 Jan 2013 19:17:17 GMT

Another good reason not to buy tix. for gifts.

Reply #9

Toronto — Thu, 03 Jan 2013 05:03:10 GMT

State and Federal government will immediately withhold portion of the prize for taxes when you claim it. That is normally 25% for federal for Americans, but since he is a foreigner it's 35% automatically held from the prize. The State government will also do this for a certain amount (some states, however, do not have taxes on their lottery prizes). You will file taxes for the U.S. and State (if the state has income tax) at the end of the year. If you don't file, you give up the money withheld... [ More ]

Reply #8

rdgrnr — Thu, 03 Jan 2013 04:46:02 GMT

Uncle Barack will take his cut first and it will be substantial.

Then your state will take their cut.

Then Uncle Barack will come back for even more of it on April 15th.

They will take the shirt off your back.

And if you resist?

They'll take your pants too.

But hey, half the country's on food stamps, the other half has to pay for it, do the math.

Good luck

Reply #7

billionaire2bee — Thu, 03 Jan 2013 03:40:04 GMT

I think you have to pay the federal and state taxes here...the state you won in unless they have no state tax.....but Uncle Sam is ging to get his money....right off the top...

Reply #6

helpmewin — Thu, 03 Jan 2013 02:52:19 GMT

Reply #5

Original Bey — Thu, 03 Jan 2013 02:31:35 GMT

United States Income Tax Treaties - A to Z

The United States has tax treaties with a number of foreign countries. Under these treaties, residents (not necessarily citizens) of foreign countries are taxed at a reduced rate, or are exempt from U.S. taxes on certain items of income they receive from sources within the United States. These reduced rates and exemptions vary among countries and specific items of income. Under these same treaties, residents or citizens of the United States are taxed... [ More ]

Reply #4

savagegoose — Thu, 03 Jan 2013 02:28:20 GMT

no infact there is an extra %10 tax on forigners just for good measure.

Reply #3

BuyLow — Thu, 03 Jan 2013 02:18:34 GMT

There are all sorts of issues here....mailing over state/country lines, gift tax etc. Have them send the ticket back to you. Redeem it as if you never sent it in the first place, pay the taxes owed and send them the balance....minus a small fee for your inconvenience, lol....

Reply #2

rgse90 — Thu, 03 Jan 2013 02:17:19 GMT

But I understand that certain countries do not pay tazes on lottery winnings they win in the usa that I know for sure i just am not sure about Ecuador

Reply #1

LottoBoner — Thu, 03 Jan 2013 02:12:57 GMT

Question about a citizen from Ecuador winning

rgse90 — Thu, 03 Jan 2013 02:11:00 GMT

I bought scratch offs for all my family in Ecaudor as a gift and one o fmy cousins hit for 50,000 thousand. Now what do we do. he has np visa to come to the usa and if i claim it for him I have to pay the taxes as a us citizen but is it true that if he claims it as a ecuardorian citizen he does not have to pay any taxes on the money because ecuador does not tax their citizens on lottery winnings? can anyone help and advise thanks