its not 43000 you morons it would be 69000 because a lady i work with just won 100000 on a 5 dollar scratch off ticket 2 weeks ago and she got 69000 so i think your a little low besides where have you ever seen 57% tax on anything get a clue
its not 43000 you morons it would be 69000 because a lady i work with just won 100000 on a 5 dollar scratch off ticket 2 weeks ago and she got 69000 so i think your a little low besides where have you ever seen 57% tax on anything get a clue
lottery payouts i found this on web site "lucas" donr get mad 43k not bad for free.
Many people are surprised to learn that lottery jackpots are paid over 20 to 25 years and the IRS withholds 28 percent federal income tax from each check. If, for example, you win $1 million, most states pay you $50,000 a year for 20 years less 28 percent federal withholding tax, leaving you with $36,000 a year. You may also have to pay additional income taxes when you file your retum, depending on your overall financial situation. The problem is that the $36,000 you receive today will only buy an $11,225 lifestyle 20 years from now, when the checks stop. There are no cost-of-living increase provisions for lottery payouts.
A better option for many is to take one lump-sum payment -- if you can get it. Only Arizona, Colorado, Ohio, and Oregon currently offer lump-sum options to new winners, and none to former winners. How much do they pay out? Forty to 50 percent of the jackpot amount. Still, over half of the eligible winners opt for the lump sum -- as well they should.
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lottery payouts i found this on web site "lucas" donr get mad 43k not bad for free.
Many people are surprised to learn that lottery jackpots are paid over 20 to 25 years and the IRS withholds 28 percent federal income tax from each check. If, for example, you win $1 million, most states pay you $50,000 a year for 20 years less 28 percent federal withholding tax, leaving you with $36,000 a year. You may also have to pay additional income taxes when you file your retum, depending on your overall financial situation. The problem is that the $36,000 you receive today will only buy an $11,225 lifestyle 20 years from now, when the checks stop. There are no cost-of-living increase provisions for lottery payouts.
A better option for many is to take one lump-sum payment -- if you can get it. Only Arizona, Colorado, Ohio, and Oregon currently offer lump-sum options to new winners, and none to former winners. How much do they pay out? Forty to 50 percent of the jackpot amount. Still, over half of the eligible winners opt for the lump sum -- as well they should.
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If who ever wins is from Canada will they still get taxes taken? In canada you don't get taxed on winnnings like in the United States. Or does it depend on where the winnings come from??
If who ever wins is from Canada will they still get taxes taken? In canada you don't get taxed on winnnings like in the United States. Or does it depend on where the winnings come from??
man that's $100,000 USD right? That's like what $115,000 Cdn and not taxed because off-shore's don't claim taxes. If a person from Vietnam won $100k USD that's $1,600,000,000!!!!
man that's $100,000 USD right? That's like what $115,000 Cdn and not taxed because off-shore's don't claim taxes. If a person from Vietnam won $100k USD that's $1,600,000,000!!!!