113mil, they already withhold a significant portion of it if you take the lump sum, that's where the 77 million comes from, so why are they taking an additional 37%?I mean nevermind the fact that the 16th amendment was never legally ratified and the law literally does not exist.
Loser: I WIN THE LOTTERY YEAH!
Uncle Sam: *We won
Did I ask you Sam no screw off sam
How greedy the TAXMAN in America to take half of his winning without breaking a sweat. They should be ashamed of themselves.
The IRS is the real winner of the lottery.
Wtf? There has gotta be a loop hole some way somehow.
Many ways to reduce the tax. But the tax man always gets a cut.
Could theoretically have a side business with a paper loss of 77 million dollars a year to negate the gain, but that’s just asking for jail time lmao
Is that every year or?
113mil, they already withhold a significant portion of it if you take the lump sum, that's where the 77 million comes from, so why are they taking an additional 37%?I mean nevermind the fact that the 16th amendment was never legally ratified and the law literally does not exist.
The government wins every single one of the jackpots
It’s different taxes when you claim with a Trust or Holding company
Would I have to pay 37% every year until all the winnings are gone?
No. You are only taxed once
One time, but if eventually you generate income from interest or dividends from your money, you need to pay taxes.
And then you have to pay more taxes on that $40 million when you do your taxes. Since it’s earned income. Or am I incorrect?
Yearly tax ? What if the money is out into a trust?
Depends on type of trust and how you collected the earnings.
Ok
😢😢😢😢😢😢😢😢😢
😂😂😂😂😂
Why do people think they can keep it and not pay taxes? YOU PAY YOUR TAXES PEOPLE!!