Should lottery playing and winning be free of taxes?Prev TopicNext Topic

• Sunglasses

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  Jun 14, 2017, 5:10 am

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  If they make publicity with $678,999 MM or PB jackpot, that amount should be free of taxes, or otherwise said, the published amount should be the net amount that you will win. So much for putting things clearly!
• Sunglasses

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  Jun 14, 2017, 5:13 am

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  The lottery was used to gather money for war and other things. Today it may be recreational and a tiny part of the money is for so called good deeds, because it is stipulated in the law. The main thing is that the lottery is making money on players. Talking pure gambling, you don't want any taxes or other costs. You want a pure game and pot. Losses for the players are adding up. The players finance everything.
• Sunglasses

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  Jun 14, 2017, 5:22 am

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  When MM reaches a billion payout, I want to see the net amount only!
• eddessaknight

  

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  Jun 14, 2017, 4:33 pm

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  In response to Sunglasses

  Quote: Originally posted by Sunglasses on Jun 14, 2017

  The lottery was used to gather money for war and other things. Today it may be recreational and a tiny part of the money is for so called good deeds, because it is stipulated in the law. The main thing is that the lottery is making money on players. Talking pure gambling, you don't want any taxes or other costs. You want a pure game and pot. Losses for the players are adding up. The players finance everything.

  Posted:  Today, 4:30 pm - IP Logged ReplyEditDeleteFavorites Quote:  Originally posted by  Sunglasses  on June 14, 2017 The lottery was used to gather money for war and other things. Today it may be recreational and a tiny part of the money is for so called good deeds, because it is stipulated in the law. The main thing is that the lottery is making money on players. Talking pure gambling, you don't want any taxes or other costs. You want a pure game and pot.  Losses for the players are adding up. The players finance everything. Greedy gods of government just can't let it go 'Avaritia facit bardus'  Greed makes you stupid.    Nota Bene: Someone finally wins one against astronomical odds,a chance in a lifetime- let them have it as Canada many off shore lotteries permit. Apparently a great majority of LP readership 80% agree and I there say, if a poll of al lottery players would also highly likely to agree   'Vux populi,  vox dei' The voice of the people is the voice of God.   As always- Player's advocate Eddessa_Knight with Players Right
• Cassie8620

  

  California2EastCoast
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  Jun 14, 2017, 9:01 pm

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  In response to MaximumMillions

  Quote: Originally posted by MaximumMillions on Jun 10, 2017

  It absolutely should.

  People buy their tickets with money that's been taxed at least once (income tax).

  Than the lotteries keep 50% of wagers for charity or budget purposes, only pay out the other half to players, which winners have to pay taxes on receiving their winnings, and then have to pay taxes on capital gains and then have to pay taxes when they want to gift mor than 20k or their lifetime exclusion.

  It's a miracle winners aren't in debt after the check cleared.

  not sure, bout what states are not having to pay taxes on a lottery pick 4 or the other big ones, but i hit pick three

  days ago. BOY DID IT FEEL GREAT! i had pick 3 couple days ago my dad birthday ...STRAIGHT @ 8 6 0.)No taxes.

  It feels so refreshing, waking up this week knowing i am going to diff stores to cash them,and to NOT:

  1.)Fill out a form to pay taxes first,then wait to get the check excluding what was taken out for taxes lol

  2.)Be able 2 know i am leaving withi altogether  $6,200.00 with a big huge smile, than when, i did last week pick 4 (7447 straight) lol

  (Thousands i've won on 860 straight,and not 1 tax was taken out of it. GREATEST feeling imo.

  So,i agree . There should be no taxes taken out, JMHO on that.

  $47,000 WON on 3 + 4 lottery #Break The Bank $$$  08060620 1215 5030  6080.
• Cassie8620

  

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  Jun 14, 2017, 9:04 pm

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  SUN GLASS:

  Oh you're so right.

  It is a rip off i think sometimes, seriously lol but i m goin to always buy for now 1 or 2 or 3 lol when it is real high.

   

  My father goes, "It's not Cassie really 475 million or whatever it last was way less. That is for "advertise to get more people to spend it when it reach past 100 million. I never knew this lol never really,til dad was one night yrs ago talking to us about this.so it should show us the REAL amount that will be won.and not say, 100 million or 50 million knowing the WINNER is NOT going to win that. GL every body tonight whoever play the powerball. I didn't.

  I am winning (thank god)on 3 and 4(THOUSANDS)x within the past 2 weeks on pick 4 and pick 3, et.al.,

   

  but i hope some 1 here win big money with pb mm or cash five(i do like cash five)BETTER odds for us in the state that is

  $47,000 WON on 3 + 4 lottery #Break The Bank $$$  08060620 1215 5030  6080.
• Geodesic

  

  Connecticut
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  Jun 14, 2017, 9:04 pm

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  Two things are certain: Death and Taxes with Taxes being collected after your death.  Sad but very true.
• Cassie8620

  

  California2EastCoast
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  Jun 14, 2017, 9:06 pm

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  In response to Geodesic

  Quote: Originally posted by Geodesic on Jun 14, 2017

  Two things are certain: Death and Taxes with Taxes being collected after your death.  Sad but very true.

  Geo. yep!

  so true on that 1 too.

  GL all who are playing either pick three tonight, pik 4,

  cash five. pg.and scratch offs,

  GNight.

  $47,000 WON on 3 + 4 lottery #Break The Bank $$$  08060620 1215 5030  6080.
• Sunglasses

  Belgium
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  Jun 16, 2017, 11:42 am

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  In response to Cassie8620

  Quote: Originally posted by Cassie8620 on Jun 14, 2017

  SUN GLASS:

  Oh you're so right.

  It is a rip off i think sometimes, seriously lol but i m goin to always buy for now 1 or 2 or 3 lol when it is real high.

   

  My father goes, "It's not Cassie really 475 million or whatever it last was way less. That is for "advertise to get more people to spend it when it reach past 100 million. I never knew this lol never really,til dad was one night yrs ago talking to us about this.so it should show us the REAL amount that will be won.and not say, 100 million or 50 million knowing the WINNER is NOT going to win that. GL every body tonight whoever play the powerball. I didn't.

  I am winning (thank god)on 3 and 4(THOUSANDS)x within the past 2 weeks on pick 4 and pick 3, et.al.,

   

  but i hope some 1 here win big money with pb mm or cash five(i do like cash five)BETTER odds for us in the state that is

  I have been close to winning much many times, just missing the extra euros to play what's coming. I never looked at jackpot payouts.

  Some day MM or PB will reach the billion mark. Well, why wouldn't both games fuse? I don't worry about winning the jackpot, I worry about getting the break even. Money is expensive these days!

  We used to play 6/42 with 50 cents / combination, and we still had very nice jackpots. Costs have doubled, payouts 3/6, 4/6, 5/6 weakened for the actual 6/45.