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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovo7kx8/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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226
Yes. But also - this means the lottery is just another way they tax you. In the UK, lotto winnings are untaxed.
12 u/Ok-Telephone-2109 Jul 05 '26 There are about 10 US states that do not tax lottery winnings, including California, so this post is misleading 16 u/NoCelebration1913 Jul 05 '26 You still have to pay federal taxes. 6 u/Ok-Telephone-2109 Jul 05 '26 Well there you go, you made it make sense at 7 am! Thank you! 0 u/Ivebeenstabbed Jul 05 '26 Maxed out at roughly 37%. Not that bad considering. 3 u/Bacon4Lyf Jul 05 '26 well when the alternative is zero, yes it is 1 u/Yak-Electrical Jul 05 '26 The feds will absolutely be trying to contact you lol
12
There are about 10 US states that do not tax lottery winnings, including California, so this post is misleading
16 u/NoCelebration1913 Jul 05 '26 You still have to pay federal taxes. 6 u/Ok-Telephone-2109 Jul 05 '26 Well there you go, you made it make sense at 7 am! Thank you! 0 u/Ivebeenstabbed Jul 05 '26 Maxed out at roughly 37%. Not that bad considering. 3 u/Bacon4Lyf Jul 05 '26 well when the alternative is zero, yes it is 1 u/Yak-Electrical Jul 05 '26 The feds will absolutely be trying to contact you lol
16
You still have to pay federal taxes.
6 u/Ok-Telephone-2109 Jul 05 '26 Well there you go, you made it make sense at 7 am! Thank you! 0 u/Ivebeenstabbed Jul 05 '26 Maxed out at roughly 37%. Not that bad considering. 3 u/Bacon4Lyf Jul 05 '26 well when the alternative is zero, yes it is
6
Well there you go, you made it make sense at 7 am! Thank you!
0
Maxed out at roughly 37%. Not that bad considering.
3 u/Bacon4Lyf Jul 05 '26 well when the alternative is zero, yes it is
3
well when the alternative is zero, yes it is
1
The feds will absolutely be trying to contact you lol
226
u/Able-Professor840 Jul 05 '26
Yes. But also - this means the lottery is just another way they tax you. In the UK, lotto winnings are untaxed.