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Ga. maintenance man wins Mega Millions lottery jackpotReply
The first sentence of your advice is almost certainly incorrect. Tax laws will be slightly different in each state, but the purpose of states' tax laws are to get what they can, and they've had years to figure all the angles and tweak the laws to their advantage. For the most part, if you earn income while living in a particular state you will owe tax on that income. You don't owe taxes because you claim a lottery prize, you owe taxes because you win a lottery prize. In some cases you may be a
Sep 22, 2006, 1:46 pm - KY Floyd - Lottery News

Virginia lottery winner badly in debtReply
Yes, you would have to pay taxes on income made by investments, but not on the original money you invested, since you already paid taxes on that.>Can someone tell me about the taxes on lottery? For instance, if you 3million, you pay federal and state taxes and then you decide to invest the money which will you give a return of 3%. Do you continue to pay taxes on the money that you invested and the return ? Thank you.
May 3, 2004, 12:12 pm - tg636 - Lottery News

tax treaties
What are the tax requirements on lottery winnings?US residents are responsible for taxes on winnings, including federal, state, and local taxes. Non-US residents are also subject to US taxes but taxes can be refunded to residents of countries with USA tax treaties (over 100 countries worldwide).Hi,Is it possible that i will get some off (tax) money back if i live in Switzerland on other countries which has lower taxes than US, but has a tax treat with US?Sorry, my English is far from perfect
Feb 10, 2004, 10:43 am - uuno - Lottery Discussion Forum

Taxes for a foreigner if Big Game was won
How much will a foreigner, namely myself, a UK resident, have to pay in taxes if I won the Big Game?does anyone know whether I will have to pay taxes in the UK after paying taxes in the US?Any tax expert here that know about doble treaty etc etc?
Apr 13, 2002, 2:57 am - Guest - Lottery Discussion Forum

Back Taxes
If I owe both NY and Fed back taxes does lottery take both when claiming a prize at lottery claims center?
Jun 4, 2023, 12:12 pm - sam9009 - Lottery Discussion Forum

After taxes
Im trying to find that link that shows players state by state the taxes you pay after a big win.
Jul 23, 2022, 11:52 am - RGebhard55 - Lottery Discussion Forum

Do you have to pay tax on a lottery win?Reply
In the U.S, yes you pay tax, first if the state that you winning in has tax on lottery win. They take their taxes out before they check for it. Then you get a W- 2G , taxes form, one copy go to your Federal tax, one to state taxes.....etc. There are just some small different. Ex; the lady that just win the PB. that live in ALA. [which is a none lottery state] , The state she win in will get the taxes, here she can only be hit with just federal taxes. All the taxes that state was entitle to was t
Apr 27, 2015, 12:52 am - cbr$ - Lottery Discussion Forum

Would there be more taxes to be paid on Jackpot Win.
Tonights Poweball cash value is around 124 million. If i were to win and have the only ticket i would win around 124 million. I know i would have to pay more taxes then the 25% federal they withhold. I figure after state and federal taxes i would end up with around 58% of it which would net me around 72 million. I would want to share this with my family. Say i gave 6 million each to my 5 brothers and sisters as a gift. Ive already paid the max of the winning amount in taxes. The 6 million i am g
Nov 14, 2012, 11:06 pm - alexnt55 - Lottery Discussion Forum

Lottery Winner Sentenced For Failing To Pay TaxesReply
In Ky you can request that they take the taxes out otherwise the only other way I know of that they will take taxes is if you owe back taxes.
Nov 3, 2005, 1:56 pm - KyMystikal - Lottery News

Lottery winners celebrate Mega-divorceReply
Quote: Originally posted by nomoneybabe on April 12, 2005Hello folks !! If I won the lottery and paid all taxes, then I give my mom 1Million. Does she have to pay tax on that again ??Just ask to know!!Unfortunately, she would have to pay taxes. Do your research. If it's a gift over 10 grand, the recipent may have to pay taxes. You may find you're better off having your mom claim the winnings with you. That way, you would only pay taxes on (using this case as an example) $29 million and you
Apr 13, 2005, 1:26 am - sergiou2 - Lottery News