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Two Illinois lottery winners in a partnership claim $1.34 billion Mega Millions jackpotReply
You can say that again. Uncle Sam is even an UNINVITED PARTNER. Lottery winnings should never be taxed. We work and we pay taxes. We play with already taxed income, we win and we shouldn't be taxed because if we lose, they don't refund us our money.
Sep 22, 2022, 2:19 am - mypiemaster - Lottery News

Winning North Carolina Pk4Reply
congrats Aunt Bea on your combo and any wins! I hope the taxes don't eat up to much of your winnings!!!! I know you made a mistake on doing the fireball I think you made up for it. So happy for you
Sep 19, 2022, 12:32 pm - bella1212 - Pick 4 Forum

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
Estates do not have to be settled all at once. An estate can stay open for years and carry on income producing businesses. They can also advise potential Trust Granters of ways trusts can give to nonprofits and doing so may give the trust a good refund when the Trusts Taxes (1041) s and state forms are filed.
Sep 17, 2022, 6:36 pm - Retired Banker - Lottery News

North Carolina: 9/1 - 9/30/2022Reply
That makes sense. I don't do the sum it up or the one off mess so I didn't realize the wins were combined. I guess when Fireball starts up people will have to play smart with .50 cents unless they live close to one of the offices and don't mind paying taxes. lol
Sep 16, 2022, 7:56 am - reddog - Pick 4 Forum

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
I invite you to take a look at this site: https://www.usamega.com/ Then look at the Jackpot Analysis under both games. Take a good look at the first line regarding the Federal Tax over time for the annuity payments and the sudden extremely large Cash Jackpot Prize. Go down and find your state on the list and like to it notice the SMALLER FEDERAL TAX payments for fed and state taxes. Are you aware that there are about seven states where there are no State Income Taxes and even a few
Sep 14, 2022, 2:17 pm - Retired Banker - Lottery News

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
No, most people would take the lump sum. No one really knows what is going on inside their state government which is holding one's annunity. You look up one day and the money just might be gone. Most of us don't care about paying the taxes because at the end of the day, it is STILL more more that we are getting then we have ever had before. Take the lump sum...
Sep 13, 2022, 10:38 am - winterhug - Lottery News

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
The only reason to take the lump sum is that you're too close to the jumpin' off point. I mean, really- why take 41.5% right off the top and then pay another 42% in state and federal taxes on the remainder? That would seem foolish to me.
Sep 13, 2022, 9:33 am - play4shekels - Lottery News

North Carolina Lottery winner: "$4 million is not much these days"Reply
He sounds ungrateful and unhappy. If I won $4 million after taxes, I would feel freedom from quitting my job and having the time to travel, start a hobby that I enjoy and share a little with a few charities...all anonymously of course.
Aug 17, 2022, 2:39 pm - LemonDrop - Lottery News

Post Your Winning Tickets HereReply
Gotcha... Thanks for the education on the tax aspect.... Still, even paying 42% in taxes, should be a nice nest egg for becoming debt free.. I would be doing the happy dance for sure
Aug 4, 2022, 12:16 am - CDanaT - Lottery Discussion Forum

One Illinois lottery ticket wins $1.337 billion Mega Millions jackpotReply
You do understand that our taxes pay for schools, roads, social programs, and many things that profit you every day? Our tax rates are better than more than a few other nations. Why so greedy???
Jul 31, 2022, 10:25 am - Artist77 - Lottery News