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Huge luck in Michigan this week: five big lottery wins in one weekReply
I guess $25K a year would be life-changing if you can't afford groceries right now, because that's about all it would buy after taxes.
Oct 2, 2024, 1:50 pm - play4shekels - Lottery News

D.C. postal worker plans to retire after 30 years with USPS thanks to $1 million lottery prizeReply
and then he has to pay about 40% of $680,000 in Federal and State taxes. He should net $384,000.
Sep 20, 2024, 8:48 am - golfer1960 - Lottery News

D.C. postal worker plans to retire after 30 years with USPS thanks to $1 million lottery prizeReply
I am totally with you on this one. Every time that I see an article that screams One million winner joins the millionaires club am always like, wait a minute, what about taxes? Unless we are talking about a winner in Canada where they don't pay taxes on the lottery. Looking at the Maryland tax for nonresidents, the winner will pay this on top of the 37% to federal tax. Non-Maryland residents: 8% state tax withheld Add'l state taxes due (8.95% final rate) To give the article some
Sep 19, 2024, 5:00 pm - JustMaybe - Lottery News

Huge luck in Michigan this week: five big lottery wins in one weekReply
Not life changing, but even after taxes it pays for my $1500/month mortgage...I would be very grateful to have someone pay my mortgage every month. Any help big or small nowadays is always appreciated.
Oct 3, 2024, 10:11 pm - jp91 - Lottery News

21-year-old will buy a home after netting $498,607 jackpot in Michigan LotteryReply
I had to read the ticket several times before I understood how she won WOW that is a real quick WIN or LOSE game lucky for her. Pay your Taxes first then shop.
Sep 24, 2024, 11:52 am - Onelast8 - Lottery News

Burglars plow truck through California convenience store to steal $350 worth of lottery ticketsReply
Knowing California these thieves are probably selling them on the street for a portion with a story about how they can't cash it because they owe taxes or back support., |When the people go to cash them in they find out different and the thief is long gone with their money.
Sep 23, 2024, 10:50 pm - justadream - Lottery News

D.C. postal worker plans to retire after 30 years with USPS thanks to $1 million lottery prizeReply
I believe an additional 680k would enable most to retire in luxury along with their social security check and other savings they may have had and if they own a house they would feel quite secure. Even if they had to pay taxes on the 680k they would be just fine.
Sep 20, 2024, 10:37 am - billybucks - Lottery News

D.C. postal worker plans to retire after 30 years with USPS thanks to $1 million lottery prizeReply
But you are still reporting a million dollar win on your tax return and taxes withheld. A million net worth assumes it is subject to taxation. If you hear someone say they have a $10 million net worth in homes, investments, savings, and retirement accounts, the taxation is assumed.
Sep 19, 2024, 6:16 pm - Artist77 - Lottery News

Trust claims $800 million Mega Millions jackpot, largest prize in Texas Lottery historyReply
Nice payout despite the taxes. Asked my Brother-in Law why his homeland doesn't offer Mega Millions said Puerto Rico is corrupt. Who knows?
Oct 4, 2024, 9:52 am - Bleudog101 - Lottery News

Trust claims $800 million Mega Millions jackpot, largest prize in Texas Lottery historyNews Story
The biggest prize ever paid out by the Texas Lottery goes to a trust By Kate Northrop A Texas trust has stepped forward to claim the record-breaking $800 million Mega Millions jackpot, the largest prize ever paid out to a single Texas lottery player. History was made in Texas today as a trust claimed an $800 million Mega Millions jackpot, setting a new record for the state and marking a monumental moment in Texas Lottery history. The Sol Living Trust, of Sugar Land, received the
Oct 4, 2024, 6:48 am - Todd - Lottery News