Reply to Holderness Family

Forum Index » Entertainment and Pop Culture

Reply to "Holderness Family"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So it's it possible to be pushed into a high enough tax bracket that you lose money? That's what my mom always implied. I always urged her to apply to jeopardy because she knows all the answers abd she said, no, too many taxes.[/quote]

On their podcast, they mentioned being pushed into a higher tax bracket by winning the million. They did say the $477K was estimated, but like a PP, I have always figured winners get half of what the announced winnings are.

Right now Mega Millions is showing 830M.  Cash option is $487M.  Figure after taxes, the actual winning is half of that.  A lot of money to be sure, but kind of sucks lottery winnings are taxed so high. [/quote]
Why would lottery winnings be taxed any lower than other income?[/quote]

Because I feel personally these lottery programs which are supposed to allegedly be income generators for schools should allow for tax free winnings. It is a double tax.  The government basically provides no service yet they want their outrageous cut. It’s criminal IMHO.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics