How do you share your winnings when......

Reply #4

Thomas Covenant — Sun, 29 Aug 2004 02:35:43 GMT

It's easy. I plan on sharing my winnings with the hummer dealer, several real estate agents, several jewery stores, a large number of travel agents, etc.....

Reply #3

konane — Sun, 29 Aug 2004 00:59:33 GMT

This is a good beginning point, then seek good competent legal advice when the mother lode comes in for real! Good luck!! Giving Away Your Property Can Be Very Taxing By Gail Buckner, CFP This week, Gail explains the connection between the gift and estate taxes; needless to say, you cannot simply subtract one amount from the other that would make too much sense! .............. color=#0000a0http://www.foxnews.com/story/0,2933,125224,00.html

Reply #2

trigger — Sun, 29 Aug 2004 00:48:12 GMT

That is a benefit we in the Bahamas enjoy when we win any money it is ours,no matter the amount.

Reply #1

percygrinder — Sun, 29 Aug 2004 00:01:49 GMT

Go to a no tax country and invest your money there. That way you have money to put in your pocket and share.

How do you share your winnings when......

aftermath — Sat, 28 Aug 2004 23:45:26 GMT

....Everytime you give money to someone you have to pay a gift tax?So, If you win the government takes taxes out, then when you give money away to family and friends they have to pay taxes, and somewhere down the line the Government will end up with well over 50%.How do you share your winnings without the government eating up your winnings