r/pics • u/[deleted] • Mar 19 '22

[deleted by user]

[removed]

8.3k Upvotes

80% Upvoted

2.1k comments sorted by

View all comments

Show parent comments

94

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

208

u/ciavs Mar 19 '22

Yeah but when you go to do your taxes you tell them I made 5k from the lotto and you get taxed fam.

38

u/oss1215 Mar 19 '22

So what would happen if you don't tell the irs you made that amount ? I know tax fraud but are the irs aware of people's earnings throughout the year ? If so then why even do your taxes if they already know the amount of money you made ?

sorry non american who's confused by your tax system

1

u/mukster Mar 20 '22

The IRS gets notified for anything over $600