What are the rules about a foreigner getting someone to buy them a ticket on their behalf?
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How much does Uncle Sam get to keep of the prize? Three hundred million?
I thought America was a low taxing country that supports the free-enterprise spirit. The top income tax bracket is 39% for the Feds? So, if you add the States, you in America most probably pay more tax than here and some say this country is a bit too left along the political scale.Not just Uncle Sam.
For the Feds, the top income tax bracket is in the range of 39%. I don't see how the winner(s) can avoid that. It's not like they're going to have deductions to take them out of the earnings bracket for the first year.
Then you're looking at state taxes. Some states have none, and some states have up in the 8% bracket.
So let's go through this. The multi-states game offer a prize based on nominally half of the money that they've already gotten up-front.
If you take the annuity for the full amount, more or less, you'll get it over 20+ years - but the states have their money up-front, and they're parsing it out to you over a couple-plus decades.
If you take the cash prize, they discount that, because the "real" prize is the annuity, so you don't get the full amount.
Then no matter what you win, you're going to pay somewhere between 39% and 47% of that in federal and state taxes.
Honestly, the Mafia gave you better odds and conditions on numbers games.
I thought America was a low taxing country that supports the free-enterprise spirit. The top income tax bracket is 39% for the Feds? So, if you add the States, you in America most probably pay more tax than here and some say this country is a bit too left along the political scale.
I was hoping you might have. One winning ticket was in Florida!Me neither!
Maybe it was Fljoe-- winning ticket bought on east coast.I was hoping you might have. One winning ticket was in Florida!
OK, I'll cross my fingers that it was him.Maybe it was Fljoe-- winning ticket bought on east coast.
A premature aspiration?My head hurts..........I celebrated my victory prematurely it would appear...........
I just heard on the radio that someone in Munford, TN won. This is a tiny town just north of Memphis. Dang! The odds...
Lily lives in Nashville....Lily Sawyer doesn't live there does she? Or Linda (kingfamilyfan) mayhap?
Lily lives in Nashville....
I won two angora rabbits and a llama at an auction last week.....it was completely by accident......but I'd be willing to knit you a custom pair of long johns, since you made that lovely sweater for me.Titans, People..........
I'm so depressed..........I guess I won't be getting those fur-lined long johns I had my eye on........
I won two angora rabbits and a llama at an auction last week.....it was completely by accident......but I'd be willing to knit you a custom pair of long johns, since you made that lovely sweater for me.