Georgia Man Wins $3 Million Taxes Paid

Georgia Lottery Scratch Off Ticket. The best part about this particular winning ticket is that Mooney won’t have to pay taxes on the $3 million because he won it on a game called $3,000,000 Taxes Paid where the lottery pays the taxes. Mooney plans to use the winnings to buy a new home and new pickup truck. Powerball jackpot has generated a lot of speculation about the best ways to spend that much money. The prize, no matter how the winners take it, is considered income. If a non-resident bought the winning ticket, a 6% rate will apply. Ticket or Voucher Entry page. In addition, submitted entries will be listed at the bottom of the page. Each time you submit an entry, a record of your entry appears at the bottom of the Ticket or Voucher Entry page for your information and reference. You may check the list against the tickets or vouchers you are holding. Keep the non-winning Scratch-Off ticket or voucher that you entered, and keep it safe. If you are selected as a winner in a drawing, you may need to present the original ticket or voucher to claim the prize. Internal Revenue Service requires that the Florida Lottery withhold 25 percent federal withholding tax from prizes greater than $5,000 if the winner is a citizen or resident alien of the U.S. with a Social Security number. Florida Lottery is required to withhold 28 percent backup federal withholding tax from any prize of more than $600. For nonresident aliens, the Florida Lottery is required to withhold 30 percent federal withholding tax from all prize amounts. Mega Millions jackpot reaching a record $540 million, Americans in 43 states and the District of Columbia are lining up to buy tickets for Friday's drawing. Carolina fought to a tie in their state supreme court recently to avoid such a label—lottery "profits" are an implicit tax. After prizes have been awarded and operating costs have been covered, the remaining money is transferred to state coffers. But this argument confuses the purchase of a product with the payment of the tax on the product. True, the purchase of the product is voluntary, but the tax portion of the ticket price is not, just as a sales tax is compulsory on the purchase of clothing or books. But that’s not actually the highest bracket of federal income tax. Big jackpots are instead taxed at 39.6%.Bear in mind that these are only the federal taxes. But that’s not actually the highest bracket of federal income tax. Big jackpots are instead taxed at 39.6%.Bear in mind that these are only the federal taxes. New York City, he’d fork over a grand total of $486 million in taxes ($368 million in federal, $118 million in state and local taxes), and the net payout on the $930 million lump sum option would be “only” $444 million. It's called the "peanuts effect," the willingness to spend "peanuts" for a big payout. The odds of the $1 scratch-off netting the $10,000 top prize are one in 1.08 million compared to the one in 6.3 million odds of taking home $10 million with the $30 ticket.

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Black of the American Sweepstakes Lottery. His contact information is 1-876-784-9851, I am suppose to hear from them Mon Sept. 17th at 930am.I got a call from a (876) 587-7454 who claimed to be a Jon Gyler with the American Sweepstakes Lottery out of nevada.

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Mr. Black continue to link to this article to solicit funds from unsuspecting targets. If you encounter a comment that is abusive, click the "X" in the upper right corner of the comment box to report spam or abuse.

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Choose your own numbers or play Easy Pick and let the computer choose your numbers. Millions: Mega Millions tickets cost $1 per play. Players pick five numbers from 1 to 75 and one number from 1 to 15 (the Mega Ball).

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Gale, executive director of the North American Association of State and Provincial Lotteries, a lottery trade group, says claiming a ticket or the face value of a ticket as a "win" is common practice among state lotteries.

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Because Barnes added the Megaplier for an extra dollar, she multiplied her winnings by three and walked away with $3 million before taxes.A Topeka, Kansas resident has claimed a "mega" cash prize in the December 18 Mega Millions drawing.