ForumsResults 51 - 60 of 274 for taxes. (0.07 seconds)

Editorial: Study of lottery winners still receiving food stamps is flawed but raises good points
Don't forget when they win any lottery prizes the state takes most their winnings , which might explain why they are still getting it. They not talking about that part, leaving winners still in need. I can recall in 2015 I won 11G at the casino. I was on public assistance when my daughter was 11 years old(28 now show how long). And best believe after the federal taxes plus other state taxes plus the welfare cut, I had only $1,100 left and I weren't even working at the time and
Nov 1, 2023, 2:35 pm - Dollybody42 - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic run
It's been awhile but, the subject matter lured me back into this conversation. Okay I currently reside in state A ..... that has income tax plus. If I were to buy pb or mm in neighboring state B .... with no income taxes.... And before I claim my winning ticket in state B ... establish a new residence in state B .... how would I be liable to pay income taxes to my old state, A? Thanks for your reply in advance!
Jul 28, 2023, 7:46 pm - ShagE3 - Lottery News

Michigan man wins $6 million on the second lottery ticket he bought this year
So is the top prize in Michigan on all scratch offs the actual amount won? Or is it over a certain amount...? The article about the Ohio player that won the $15 mil top prize but took the cash option was $7.5 mil before taxes,so I guess maybe each state does it differently?
Jul 1, 2024, 10:54 pm - mightwin1 - Lottery News

Ohio woman wins $15 million on scratch-off lottery ticket, credits late father for luck
Congratulations!!! That's a lot of taxes taken out from her winning ticket. I mean does the Federal Government need to take out 37% of your money
Jun 21, 2024, 7:23 am - GAman03 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for him
Your tax guy does not sound like he is helping you. Put money into an IRA or roth IRA so you can keep more of your money. You can also pay estimated taxes online quarterly.
May 27, 2024, 11:53 am - Artist77 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for him
??? It is not double taxation. You report on your return the taxes that were withheld by the casino or lottery. The withholding was on your behalf.
May 27, 2024, 8:08 am - Artist77 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for him
All lottery winnings are taxable. If you win $300 a week every week, it is still taxable and reportable on your tax return. Lottery wins of $600 or more are reported to the IRS by the lottery. Just because an entity like a casino only withholds taxes over a certain amount of $, this has no bearing on the fact that all winnings are subject to taxation and reportable on your tax return.
May 27, 2024, 7:52 am - Artist77 - Lottery News

Virginia Lottery retailers escalate boycott, halt ALL lottery ticket sales until further notice
I'm pretty sure that's how it's supposed to work, but some people have an advantage in life. Not everyone starts from ground zero. Ever heard of generational wealth being passed down or emigrating from a country and being handed funds to start businesses. No taxes Guess that never crossed your mind huh ?
May 11, 2024, 11:22 am - hlamb - Lottery News

if you won the lottery would you start your own cult?
If you have a lot of money and want to avoid taxes there's a lot of merit to starting a cult. Of course you'll have to call it a religion when you talk to the IRS, but it's not anything they haven't seen before.
May 10, 2024, 4:18 pm - KY Floyd - Lottery Discussion Forum

One New Jersey ticket is sole winner of $1.13 billion Mega Millions jackpot
Congrats to the winner. Even though New Jersey has some of the highest state taxes, at least they've passed a law guaranteeing anonymity. I think at the end of the day, I'd be ok handing over an extra 1%-2% playing in a state that doesn't force me to jump through hoops to conceal my identity. And who knows, maybe the winners tax payment will go into filling a couple potholes in New Jersey.
Mar 27, 2024, 12:29 pm - DDBagger519 - Lottery News