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Fed Tax On Lottery wins

Topic closed. 39 replies. Last post 4 years ago by Artist77.

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helpmewin's avatar - dandy
u$a
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Posted: January 8, 2013, 6:59 pm - IP Logged

                                   No Nod

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Let it Snow Snowman

    helpmewin's avatar - dandy
    u$a
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    Posted: January 8, 2013, 7:00 pm - IP Logged

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      Artist77's avatar - batman14

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      Posted: January 8, 2013, 7:04 pm - IP Logged

      What is that smiley saying????

      J'aime La France.

        grwurston's avatar - 144
        Let's Go Rangers!!!
        bel air maryland
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        Posted: January 8, 2013, 7:10 pm - IP Logged

        What is that smiley saying????

        Looks like he's talking out both sides of his mouth.  LOL

        "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

        The numbers will tell you what numbers to play. Pay attention to the numbers.

        Don't just think outside the box, crush it.

          helpmewin's avatar - dandy
          u$a
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          Posted: January 8, 2013, 7:14 pm - IP Logged

          What is that smiley saying????

          animated smileys hello 5

          Let it Snow Snowman

            helpmewin's avatar - dandy
            u$a
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            Posted: January 8, 2013, 7:17 pm - IP Logged

            Looks like he's talking out both sides of his mouth.  LOL

            Green laugh              animated smileys hello 2

            Let it Snow Snowman


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              Posted: January 8, 2013, 8:33 pm - IP Logged

              Good idea. But, given the tragetory of our country, they do not need the ideas from the proleteriat.


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                Posted: January 8, 2013, 8:34 pm - IP Logged

                Most likely that is the case and in those higher brackets, many of the deductions are phased out.


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                  Posted: January 8, 2013, 8:34 pm - IP Logged

                  Thank you very much for the welcome. I will go take a look around. Thanks again.


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                    Posted: January 8, 2013, 8:36 pm - IP Logged

                    animated smileys hello 5

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                      Posted: January 8, 2013, 8:36 pm - IP Logged

                      Artist77, after yesterday's BCS debacle by ND, you siggy needs an update. Sorry for your loss.

                        RJOh's avatar - chipmunk
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                        Posted: January 8, 2013, 8:43 pm - IP Logged

                        Why is only 25% withheld in Fed Taxes when the top rate is 39.6%?

                        Your regular income with the lottery winnings may not qualify you for the top tax rate.  If so, you could owe a penalty if your refund was too large.

                         * you don't need to buy more tickets, just buy a winning ticket * 
                           
                                     Evil Looking       


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                          Posted: January 8, 2013, 8:46 pm - IP Logged

                          Artist77, after yesterday's BCS debacle by ND, you siggy needs an update. Sorry for your loss.

                          Yeah, sorry. I always look for ND to win bowl games.

                            Artist77's avatar - batman14

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                            Posted: January 8, 2013, 8:53 pm - IP Logged

                            Yeah, sorry. I always look for ND to win bowl games.

                            Yea I know.  I need 24 hours more to recover.

                            J'aime La France.


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                              Posted: January 8, 2013, 8:56 pm - IP Logged

                              Your regular income with the lottery winnings may not qualify you for the top tax rate.  If so, you could owe a penalty if your refund was too large.

                              I'm not finding anyone saying there's a penalty for too large a refund.... This article says it aint so.....

                              http://articles.southbendtribune.com/2011-03-27/business/29349681_1_tax-refund-form-1040a-tax-return