What are the Lottery winnings?

Let’s learn what are the Lottery winnings. The most accurate or helpful solution is served by wiki.answers.com.

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Answer:

It's tax free! So the couple who won £161 million got to take exactly that home! It's always best to...

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WHAT WOULD BE THE TAXES ON $250,000 LOTTERY WINNINGS?

My aunt wanted to know what the exact taxes would be on lottery winnings of $250k. Is there an online calculator for this anyone could suggest? And could she ask for the full tax amount to be taken out at the time of her getting the payout? She needs...

Answer:

LegFuJohnson is right. Of course that's only if you're even in the USA. How can anyone possibly even...

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Answer:

The percentage in most states for prize winnings is 50%. That means half of what you win goes to taxes...

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Answer:

In Oregon for prizes over $5,000, the Lottery is required to withhold 25% for federal taxes, and 8%...

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What would you do with lottery winnings?

I hear so many people talking about taking care of others before taking care of themselves. I would have to look out for me FIRST then invest it in my business dreams. I want my money to continue to grow. I would look at my lottery winnings as an opportunity...

Answer:

i wouldn't tell anyone i've won.. people seem to change when theres money involved.

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What would the lottery do if you invested all your winnings into more lottery tickets?

Say you won 10 million dollars- what if you said "Wow, thats great, now give me 10 million quick picks!"?

Answer:

they would have all of your winnings they would say u can't play any more

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Lottery winnings are tax free, what about the interest earnt from this win?

If I could earn £50,000 a year interest from a tax free lottery lump sum would I have any additional tax liability over and above the tax on interest deducted by the bank? If so how much? If I won the lottery I'd want to have a high monthly income...

Answer:

No, you will pay income tax on the interest earnt from investing the money in a bank account. The bank...

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What would you do with your lottery winnings?

I couldn't help but thinking this morning when I went online to check the mega-millions winning numbers, what would I do if I won? If you got all 5 numbers plus the mega ball, you won 38 million dollars. Of course, if you took the lump sum, you would...

Answer:

id pay off my entire immediate family's debts. then buy my mom a house of her dreams. purchase real...

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What to do with office lottery winnings?

Can anyone think of any ideas? Usually you just take the winnings and add them to next weeks drawing. But the problem there is that not everyone gets in every week, so if you win, you have to figure out if you won with a ticket from last weeks extra...

Answer:

Get everything in writing and give everyone a copy of the writing. You'll need it if you ever win a...

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