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North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
All I know if I don't do enough charitable donations I pay taxes.
May 27, 2024, 11:30 am - Bleudog101 - Lottery News

Friends gift Alberta lottery winner reading glasses after he nearly misses $5M winReply
US Lottery should learn from Canada and Europe Lottery, NO TAXES .But unfortunately, it won't happen.It's BS.
Jun 3, 2024, 12:09 am - Petrust99 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
What does that last paragraph mean? You don't pay taxes on lottery wins of $600. AFTER $600 you do pay taxes. OTOH, though not sure where this going (with the mess of our so called leaders in DC) the casino lobbyists want to increase the taxable amount from $1200 to $5000 to, as they say, adjust for inflation. I have yet to find any lottery lobbyists out there, if they exist that is.
May 27, 2024, 7:42 am - Bleudog101 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
Your tax guy does not sound like he is helping you. Put money into an IRA or roth IRA so you can keep more of your money. You can also pay estimated taxes online quarterly.
May 27, 2024, 11:53 am - Artist77 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
??? It is not double taxation. You report on your return the taxes that were withheld by the casino or lottery. The withholding was on your behalf.
May 27, 2024, 8:08 am - Artist77 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
All lottery winnings are taxable. If you win $300 a week every week, it is still taxable and reportable on your tax return. Lottery wins of $600 or more are reported to the IRS by the lottery. Just because an entity like a casino only withholds taxes over a certain amount of $, this has no bearing on the fact that all winnings are subject to taxation and reportable on your tax return.
May 27, 2024, 7:52 am - Artist77 - Lottery News

Virginia Lottery retailers escalate boycott, halt ALL lottery ticket sales until further noticeReply
I'm pretty sure that's how it's supposed to work, but some people have an advantage in life. Not everyone starts from ground zero. Ever heard of generational wealth being passed down or emigrating from a country and being handed funds to start businesses. No taxes Guess that never crossed your mind huh ?
May 11, 2024, 11:22 am - hlamb - Lottery News

$1.3 billion Mega Millions lottery winner's family sues him for not sharing jackpotReply
Artist makes some really good points above. Brock Lee also made an interesting point he split the prize with a gf who isn't his baby mama . Db101 added further clarification the most plausible explanation is that they went halvsies (with gf) on purchasing some tickets for that drawing. Lotteries split prizes among members of lottery pools all the time, whether it's a pool of 2 or 20 .. That gf's existence is irrelevant to the story here My take is unless plaintiffs can prove John Doe did not hav
May 16, 2024, 12:54 pm - konane - Lottery News

Virginia Lottery retailers escalate boycott, halt ALL lottery ticket sales until further noticeReply
Sure, there's some small number of people out there with generational wealth. Most small business owners are not like that. They start from nothing and create something of value over time. I know that because I did it myself. I have worked since I was 10. I have no college degree. I left the house at 18 and everything I built I did so on my own. And for the last 25 years I have worked every single day without a break. Almost 10,000 days without a day off. So the handed funds , no taxes , and
May 11, 2024, 1:00 pm - Todd - Lottery News

Lifetime laborer steps forward to claim $552 Mega Millions lottery jackpot in IllinoisNews Story
Hard working winner comes forward one week after scooping jackpot By Kate Northrop The winner of the $552 million Mega Millions jackpot, which was won by one ticket in Illinois last week , has stepped forward to claim the historic prize. The Illinois winner of the largest jackpot won online in U.S. history is a hardworking individual who has always dreamed of retiring early following a lifetime of labor. This morning, the Illinois Lottery announced that the sole winner is MEGA Mi
Today, 2:44 pm - Todd - Lottery News