lets say you won the lottery... what woud you do? - Page 2

# 16 21-04-2004 , 11:02 AM

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you dont pay tax on lottery winnings.... (i think)

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# 17 21-04-2004 , 11:09 AM

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tell that to those who won... user added image

(you pay directly for winning and you pay from that year on (not enough) for your personal money and posessions) but there are always ways to dodge the later... it turns out that the more money you have the easyer is to not pay taxes for it if you are careful.... (in fact ive met a pair of enterprise accountants (professors, but still active pro accountants) that take "how much money you want to pay in taxes " as a data rather than a result from the other data...without doing anything directly illegal....)

Last edited by dragonfx; 21-04-2004 at 11:35 AM.

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# 18 21-04-2004 , 12:02 PM

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I'd rebuild my band's studio, buy all the god damn best equipment money can buy for all members and create my own record label. Then i'd buy a huge ass house, with my own personal studio in it, have all the band move in and kick ass, and you dont pay taxes on the lottery, it's Tax Free Cash man. word.

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# 19 21-04-2004 , 12:25 PM

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for a start only 50% of the money you pay goes to the prize, then if you managed to put all the winning nimbers you only get 21% of that, then the amount of taxes u pay is dependant on where you live and usually pay your taxes... and even if your state has no direct taxes on the price, your "personal wealth" taxes that year will be big unless you hire a good accountant that makes some financial engineering...

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# 20 21-04-2004 , 07:51 PM

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i dunno dude, here in england the winnings are all yours. infact you make more money from the money with the cash being in the bank, sooooo much interest

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