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British Columbia Lottery taking bets on US electionReply
Trump release your taxes or release the letter that states your taxes are in audit!
Dec 7, 2016, 11:00 pm - bigbear29 - Lottery News

British Columbia Lottery taking bets on US electionReply
I pay federal and state taxes, do you pay federal and state taxes???
Oct 2, 2016, 10:07 am - bigbear29 - Lottery News

California delivery driver claims half of $648 million jackpotReply
The first figure is before taxes, the other after taxes.
Jan 4, 2014, 1:19 am - mrcraft - Lottery News

Florida Powerball winner claims $50 million jackpotReply
I love the idea of tax free lottery winnings. The reason behind my belief is that winner will spend that money in this economy and will end up paying sales taxes, property taxes, excise taxes, capital gains taxes and dividend taxes, interest taxes
Jan 14, 2013, 4:47 pm - maringoman - Lottery News

Teen told to clean room, finds winning lottery ticketReply
And over there they don't tax lottery winnings. Here the government (federal and or state) takes a cut when you buy the lottery and then again taxes you if you win anything more than $600. Then the year after you win if you dont consult an accountant then you might have to fork over some more money when you file for income taxes. You're not yet done. If you buy things with your double taxed winnings you end up paying sales taxes. Taxes taxes taxes, wtf!
Mar 5, 2012, 4:34 pm - maringoman - Lottery News

Kentucky lottery winner donates entire prize to collegeReply
This story isn't any different than most as far as what it says about taxes, leaving it up to the reader to find out the truth on their own. Although it's in the fine print at the bottom of the page, you clearly say that the withholdings and the actual taxes owed are different things. Very few articles mention anything about the actual tax obligations, and many will say something along the lines of after taxes, the money would come to $7.6 million a year for 30 years or a lump sum of $110 mill
Jan 14, 2006, 2:17 am - KY Floyd - Lottery News

Audit: 3,000 NY lottery operators didn't pay state taxesNews Story
More than 3,000 New York retailers licensed to operate lucrative state lottery machines failed to pay their state taxes, according to an audit released Monday.State Comptroller Alan Hevesi said the lottery operators owed more than $23 million in unpaid taxes over two years ending in 2004, and 350 of the operators owed more than $10,000 each. Some of the operators did more than $1 million a year in lottery ticket sales.One New York City area retailer owned $43,504 in taxes while using his state l
Nov 1, 2005, 7:23 am - Todd - Lottery News

British Columbia Lottery taking bets on US electionReply
Donald Trump Lecture Americans For Not Paying Taxes: This weekend the New York Times detonated a bombshell by reporting that Donald Trump, using a loophole that benefits wealthy dynastic families, declared nearly a billion dollar loss on his 1995 tax returns a loss that possibly allowed him to avoid paying any federal taxes for 18 years. (The full impact of this loss is not publicly known because Trump has stubbornly refused to follow the traditional practice for presidential candidates relea
Oct 2, 2016, 4:07 pm - bigbear29 - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Please excuse my ignorance, but I have a question about taxes that are 'held' by states. I don't know where else to post this question, so I am just going to ask it here. It is my understanding that the taxes held are 25% for Federal taxes and what ever your states income tax rate is, if there are state income taxes. Now, if I live in Florida, which has no state income taxes, but I bought the ticket in Georgia, which does have state income taxes, and a miracle happens and I win the Jackpot, will
Jan 10, 2016, 7:05 pm - OneTrickpony - Lottery News

$290 MILLION:" Mega Millions lottery jackpot increasedReply
Quote: Originally posted by tg636 on July 02, 2004If you show me some good evidence that you could make the amount of the annuity by investing the lump sum, I would be a believer. Assuming taxes get 35% of the lump sum and 5% of what's left goes to spending and enjoying your money, then you start off down 40%. So you have to make that 40% back just be get back to where the state starts off investing the annuity. The state takes the same lump sum and invests it without having to pay the 35% tax
Jul 2, 2004, 11:13 pm - whodeani - Lottery News