3 ms·
let's not forget about the real tax from winning and the payment. govt always wants his share and the lottery won't pay in lump sum.
by penetrator 14y ago
let's not forget about the real tax from winning and the payment. govt always wants his share and the lottery won't pay in lump sum.
- philwelch 14y agoAmerican lotteries give the option of paying in a lump sum.
- kondro 14y agoIn Australia there is no tax on winnings from any form of gambling and all Australian lotteries (like this one) pay in one lump sum 14 days after the draw. Not that the Government doesn't take their cut, it's just already been factored into the advertised prizes.
- epo 14y agoUK lottery prizes are not taxed and are paid in a lump sum.
- planetguy 14y agoI've always wondered about that aspect of US law. If lottery winnings are taxed, does that mean lottery tickets are tax-deductible?
- dhugiaskmak 14y agoYou can deduct gambling losses up to the amount of gambling winnings (if any), yes.
- galfarragem 14y agoIn Portuguese stockmarket, if you have 1 winner stock and dozens of looser stocks, you still pay tax from the winner one..