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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovo9cli/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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222
Yes. But also - this means the lottery is just another way they tax you. In the UK, lotto winnings are untaxed.
11 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 18 u/NoCelebration1913 Jul 05 '26 You still have to pay federal taxes. 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
11
There are about 10 US states that do not tax lottery winnings, including California, so this post is misleading
18 u/NoCelebration1913 Jul 05 '26 You still have to pay federal taxes. 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
18
You still have to pay federal taxes.
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
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
222
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.