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NY LOTTERY 30% ALIEN FEE?

Topic closed. 12 replies. Last post 20 years ago by EZMoney.

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Thread Starter

United States
Member #476
July 13, 2002
42 Posts
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WHAT DO YOU THINK ABOUT PAYING 30% TO THE STATE FOR HITTING THE JACKPOT PLUS 30% FED HOLDING PLUS 27 FED WITH HOLDINGS PLUS YOUR STAE TAX

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    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    26753 Posts
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    You may want to deactivate your caps lock key. Normally all capital letters indicate that you are SHOUTING.

    -Todd

     

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      Thread Starter

      United States
      Member #476
      July 13, 2002
      42 Posts
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      SORRY

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        United States
        Member #311
        April 24, 2002
        110 Posts
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        It probably would depend from what country you are in. Taking a 30% FED tax and taking the NY state tax would be best if you won 'the big one'. You could flee the 'Great Satan(sp?) America' without paying the max income rate at the end of the year when you file your tax return...or not file. I have to wonder if I could file under a foreign corp. to get a tax cut if I ever won 'the big one'. If you are from a country like China, you will probably end up with 20 cents on the dollar. All countries have a different tax rate on foreign 'profit'. If your Canadian or British?....don't know. We have to many tax rules and loop hole in America. Well, that's my worthless infomation.

          lottocheatah's avatar - lc

          Canada
          Member #385
          June 6, 2002
          206 Posts
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          Your numbers add up to 87% before state taxes. You're gonna wind up paying more than you won, Bud!

          Make the Jackpot lump sum tax free. Then you have something to play for!


            United States
            Member #379
            June 5, 2002
            11296 Posts
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            This is because NY state law DOES NOT allow the NY Lottery to let Lotto/Mega Millions players choose AFTER they win.

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              United States
              Member #519
              July 27, 2002
              1 Posts
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              Whatever is left after you pay taxes is more than you had before you won, so it's ridiculous to worry about. If I win a 100 million Jackpot and I get 30 - 40 million, I'm going to complain ... get real.

                EZMoney's avatar - weedss04lx1

                United States
                Member #415
                June 22, 2002
                418 Posts
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                get off that already. if a person wants cash then dammit select cash BEFORE BEFORE BEFORE BEFORE you purchase your ticket.

                  EZMoney's avatar - weedss04lx1

                  United States
                  Member #415
                  June 22, 2002
                  418 Posts
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                    United States
                    Member #379
                    June 5, 2002
                    11296 Posts
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                    EZ: The only reason I'm making this suggestion is because the NY Lottery is NOT allowed to let players choose AFTER they win. Since almost all players want the lump sum anyway, and that NY finally has a multi-state game, changing the NY Lotto game to include an all-cash format should seriously be considered.

                      EZMoney's avatar - weedss04lx1

                      United States
                      Member #415
                      June 22, 2002
                      418 Posts
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                      they give you the option before you play. plain and simple. if you dont have any idea how the game works you shouldnt play.

                        EZMoney's avatar - weedss04lx1

                        United States
                        Member #415
                        June 22, 2002
                        418 Posts
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                        hooray! finally got them! big story around here...live about 30 minutes from the site. praise to the lord!


                          United States
                          Member #379
                          June 5, 2002
                          11296 Posts
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                          Big story EVERYWHERE !