How a $77 Million Lottery Jackpot is Taxed

Пікірлер: 23

  • @michaelcorola8420
    @michaelcorola842010 ай бұрын

    Loser: I WIN THE LOTTERY YEAH! Uncle Sam: *We won

  • @sequomorrow3858

    @sequomorrow3858

    3 ай бұрын

    Did I ask you Sam no screw off sam

  • @TheAcer925
    @TheAcer9259 ай бұрын

    How greedy the TAXMAN in America to take half of his winning without breaking a sweat. They should be ashamed of themselves.

  • @vanderloughty4554
    @vanderloughty45544 ай бұрын

    The IRS is the real winner of the lottery.

  • @psmith9375
    @psmith9375 Жыл бұрын

    Wtf? There has gotta be a loop hole some way somehow.

  • @ChadPavelcpa

    @ChadPavelcpa

    11 ай бұрын

    Many ways to reduce the tax. But the tax man always gets a cut.

  • @bencruz3805

    @bencruz3805

    9 ай бұрын

    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

  • @alejmc
    @alejmc9 ай бұрын

    The government wins every single one of the jackpots

  • @realpeoplereallife3626
    @realpeoplereallife3626Ай бұрын

    Is that every year or?

  • @CB-ht9ow
    @CB-ht9ow10 ай бұрын

    Would I have to pay 37% every year until all the winnings are gone?

  • @benv4530

    @benv4530

    9 ай бұрын

    No. You are only taxed once

  • @LarsVonTrier2007

    @LarsVonTrier2007

    2 ай бұрын

    One time, but if eventually you generate income from interest or dividends from your money, you need to pay taxes.

  • @ianberry5879
    @ianberry587910 ай бұрын

    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.

  • @MVoluptuous40
    @MVoluptuous406 ай бұрын

    It’s different taxes when you claim with a Trust or Holding company

  • @BritoWorx
    @BritoWorx4 ай бұрын

    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?

  • @nick.charaz9661
    @nick.charaz9661 Жыл бұрын

    Yearly tax ? What if the money is out into a trust?

  • @ChadPavelcpa

    @ChadPavelcpa

    Жыл бұрын

    Depends on type of trust and how you collected the earnings.

  • @1_South_Business_Services
    @1_South_Business_Services9 ай бұрын

    😂😂😂😂😂

  • @Nuggetcute0939
    @Nuggetcute09394 ай бұрын

    😢😢😢😢😢😢😢😢😢

  • @shareefmahboob6767
    @shareefmahboob67679 ай бұрын

    Ok

  • @ZarakiKempachi
    @ZarakiKempachi10 ай бұрын

    Why do people think they can keep it and not pay taxes? YOU PAY YOUR TAXES PEOPLE!!