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Best Method to Collect - PowerballReply
Get the money - where is the confusion? Bird in the hand thing. How do you know what the government people have in store for you tomorrow? Do you think the Tax Cutting George Bush will be around forever? Do you really believe a Democrat won't raise taxes as soon as possible? Look what Billie-Bob Clinton did. Promised no taxes, then raised all taxes - including death tax back for six months. The state of New Jersey is whinning about being almost bankrupt - because of corrupt politicians,
Feb 18, 2006, 10:45 am - Chewie - Lottery Discussion Forum

State TaxReply
With income earned from a job, your employer generally has a specific policy about when you get paid. A few people get paid at the end of the week for that week's earnings, but I think that the majority of people get paid sometime the following week, or even two weeks later. That would mean that if most of us earned $1000 during the last week of December we'd collect that $1000 sometime in January. When your W-2 or 1099 form shows up in February it will show what the company *paid* you during
Oct 4, 2006, 3:07 pm - KY Floyd - Lottery Discussion Forum

Small Town Speculates On Lottery WinnerReply
The top tax bracket in Michigan is 3.9% compared to 7.1% in Ohio, so clearly a Michigan resident gets no benefit from buying in Ohio. Since they'd owe taxes to both states, an Ohio resident doesn't gain by buying in Michigan, either. I don't think very many people think about taxes before deciding where to buy their tickets, though. I happened to be in southeastern Vermont the Saturday that Powerball was at 365. I could have bought tickets in Vermont, but if I won they'd have taken about 9.5%,
Mar 5, 2006, 11:32 pm - KY Floyd - Lottery News

Lotteries a threat to federal Web poker bill?Reply
What I quoted were the words spoken by Mitt Romney at a fund raiser. How many people do you know 65 and older that are collecting the Social Security benefit they paid into and pay no taxes? Romney /Ryan are not raising taxes on SS That's nice to hear considering Ryan and the Republican House just raised the SS wage base by $3300 and raised the withholdings from 4.2% to 6.2% effective March 2012. In March 2012 6.2% and the Medicare tax rate of 1.45%, will change to 7.65% for 2012. Th
Oct 12, 2012, 12:19 pm - Stack47 - Lottery News

Luck runs out for N.Y. lottery winnersNews Story
When members of the Lucky Lotto Lady Partnership won $23 million in 1994, they thought their money woes were over for good. But nearly a decade later, the group is battling a formidable foe over its winnings: the Internal Revenue Service. This time, the Lucky Lotto Lady Partnership is going to need more than luck -- it'll need a change in federal law in order to win.The dispute is over taxes. Not whether the group should pay them, but how much of its lottery winnings should go to the IRS. And Un
Sep 29, 2003, 3:37 am - Todd - Lottery News

Nebraska single father's salad run results in $1 million Mega Millions lottery winReply
How much he will get after taxes,somebody tells me ...
Apr 10, 2024, 11:22 pm - Petrust99 - Lottery News

Kentucky woman quits job after winning $90,000 in the lotteryReply
right....the check listed is before state and federal taxes dear
Apr 6, 2024, 2:27 pm - pantherestates - Lottery News

Michigan woman finds out through Facebook that she won $1 million Powerball lottery prizeReply
The standard 450k if the lump sum is taken and the taxes all taken out.
Mar 13, 2024, 11:16 pm - billybucks - Lottery News

Michigan woman finds out through Facebook that she won $1 million Powerball lottery prizeReply
I want to know how much she will get for 1 million prize after taxes ???
Mar 13, 2024, 8:55 pm - Petrust99 - Lottery News

Kentucky man out of debt for the first time in his life, thanks to $150,000 lottery winReply
That was for taxes, and frankly because it's only 28% of the original prize, he will undoubtedly owe some more taxes on the prize by April 15th of next year.
Mar 7, 2024, 6:16 am - Todd - Lottery News