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Powerball lottery states report brisk sales for huge jackpotReply
Chewie wrote: >> You stated you have never found a site that mentions actual taxes >> withheld. I gotta ask: Did you do any research at all? I said I've never seen one that mentions the taxes that are due. I very clearly said I've seen ones that refer to the taxes that are withheld. You undertand there's a difference, right? I hear ads for the lottery on the radio a dozen times a day, and I occasionally come across a press release/ad. Why would I bother to make a point of looking for
Oct 19, 2005, 1:06 am - KY Floyd - Lottery News

Maryland Lottery to replace classic Lotto gameReply
The only game besides mega that is good not great is Bonus Match 5 with it's cash option and no taxes. However i think that's a ruse because your still going to have to pay taxes on the income you have to report at the end of they year. They just woln't get it from you twice.I don't care what lottery it is there shouldn't be taxes taken out. Are they paying taxes on the money they take in. NO. Then why should we pay taxes on the money that was contributed by the players. the lotterys make money
Aug 8, 2005, 6:42 pm - four4me - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
No one said those were final deductions but it is close enough. Also you get more usually in the end than advertised and if you wanted you could earn way more with interest to cover the taxes. But would you really HAVE to? No. If you are focusing on taxes in this case you are simply a pessimistic thinker who shouldn't be playing. I am focusing on the ENORMOUS amount left after taxes which will still be WAY more than anyone else ever won and more than most have. Honestly with this amount of money
Jan 10, 2016, 4:05 pm - sirbrad - Lottery News

Illinois lottery players crossing border to play in other statesReply
Smart move. What's the point of buying a ticket if winnings won't be paid? As for taxes, you probably have to pay taxes to the state you live in regardless of where the income comes from. Depending on tax laws in IL and WI, you may end up owing in both states. In my state, Louisiana, if I have to pay income taxes to another state and I resided in Louisiana the entire year, I can take a non-refundable credit on my Louisiana state income taxes for what I paid to the other state. However, I'd
Oct 18, 2015, 7:15 pm - PrisonerSix - Lottery News

Cottage industry helps lottery winners dodge taxesReply
I don't think there's anything wrong with selling your winning lottery ticket to someone. But if you do, you are supposed to pay taxes on the money you made from the sale. Even if it is a private sale to someone. If you don't like that concept of paying taxes when you privately sell your lottery ticket, then perhaps you are in agreement that HIGH TAXES ARE NO GOOD FOR ANYONE. All that money the government gives away for free to people has to come from somewhere. It comes from TAXES. And if yo
Aug 7, 2014, 11:43 pm - Todd - Lottery News

Mass. Lottery to replace Mass Millions with new gameReply
> It's about local aid. Now, I play the lottery and it's fun although I have never won a large prize, but this canard must be addressed. The MA lottery's money is local aid but it is not local aid the way it was originally intended - extra money in addition to normal tax revenue. If that was the case, you would think cities and towns would be rolling in the money - in Lynn, where I live, several fire stations have been shut down due to lack of money. How did lottery local aid help with th
May 27, 2004, 10:02 am - tg636 - Lottery News

Man in Iraq wins $6.4 million Oregon Lottery jackpotReply
Maybe you'd be less unhappy if you had a better understanding of how it works. I trust you at least realize that it's not a treaty that just says the US won't tax (some) income of UK residents. Tax treaties work in both directions and both governments expect to get something in return for what they give up. The treaty is about limiting double taxation (i.e., paying taxes to both countries), so since the UK doesn't tax gambling winnings, the US also exempts taxes on gambling winnings for UK resid
Jan 2, 2016, 4:41 am - KY Floyd - Lottery News

State cuts lottery winner's benefitsReply
Did you actually read anything I wrote or did you just want to spout your diatribe and write in the biggest letters possible regardless? Once again that money she is collecting is hers. SHE PAID MASSIVE TAXES. If you are this upset about a woman that paid $600,000 in taxes getting back about $200 a month, then you should be absolutely livid about people like Mitt Romney who paid little to no taxes on hundreds of millions of dollars. I believe that he was able to transfer something like $10
Mar 8, 2012, 10:33 am - VenomV12 - Lottery News

Lawsuit challenges N.C. LotteryReply
The voluntary nature of a lottery ticket purchase may not determine it's status, but saying something is effectively a tax doesn't make it a tax either. There are many ways to raise reveune and fill state coffers which are not taxes. The state of North Carolina can tax a lottery ticket. They can meet in Raleigh and vote to tax lottery tickets like they tax other products. They haven't done so. Governments these days are much more into fees. They don't like to be in the press for supporti
May 2, 2007, 9:53 am - nc6string - Lottery News

Six indicted in alleged $48 million lottery operationReply
These guys didn't pay any taxes on that money. When the government get done charging penalties and fines, they will owe twice as much as they earned. Years ago I participated in a company saving program that allowed employees to save up to 10% of their pay and the company would contribute an additional 30% to the account which had to set idle collecting interests for four years. At the end the four years, the account was freed up and taxes had to be paid on the company contributions and t
Aug 26, 2006, 2:58 pm - RJOh - Lottery News