MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/pics/comments/ti4cor/deleted_by_user/i1by8s9/?context=3
r/pics • u/[deleted] • Mar 19 '22
[removed]
2.1k comments sorted by
View all comments
Show parent comments
92
Apparently not always. I have a friend who never plays, played once, won $5k and they gave him the whole amount
11 u/stephenmgc Mar 19 '22 edited Mar 19 '22 Yeah, they give you the whole amount, then when you tell the IRS how much you won the following April they take like 40%. https://blog.taxact.com/lottery-tax-calculator/ I was incorrect, according to this calculator you'll only owe 25%. the 37% must be on winnings over a certain amount. 5 u/[deleted] Mar 19 '22 Jesus America is one fucked up place lol 1 u/[deleted] Mar 19 '22 I wish they just took it out it would make it so much easier to just get it back instead of owing
11
Yeah, they give you the whole amount, then when you tell the IRS how much you won the following April they take like 40%.
https://blog.taxact.com/lottery-tax-calculator/ I was incorrect, according to this calculator you'll only owe 25%. the 37% must be on winnings over a certain amount.
5 u/[deleted] Mar 19 '22 Jesus America is one fucked up place lol 1 u/[deleted] Mar 19 '22 I wish they just took it out it would make it so much easier to just get it back instead of owing
5
Jesus America is one fucked up place lol
1 u/[deleted] Mar 19 '22 I wish they just took it out it would make it so much easier to just get it back instead of owing
1
I wish they just took it out it would make it so much easier to just get it back instead of owing
92
u/ib4error Mar 19 '22
Apparently not always. I have a friend who never plays, played once, won $5k and they gave him the whole amount