So I hit the California Lottery....

[hellaones]

As someone who has a lightweight addiction to scratch-offs I hope I get to make a similar thread one day soon.

Congrats OP. What was the process like of claiming your winnings?

 

[iDon’tRead]

Did you get a nt snapback with that

 

[ASE]

The 25% is to cover the minimum possible you could be taxed on winnings. It doesn't take into account your actual taxable income and tax bracket at the end of the year.

That's why when you file your taxes you're likely to pay additional taxes unless your combined income is in the same tax bracket that the lottery winnings were taxed at.

 

[alp]

The 25% is to cover the minimum possible you could be taxed on winnings. It doesn't take into account your actual taxable income and tax bracket at the end of the year.

That's why when you file your taxes you're likely to pay additional taxes unless your combined income is in the same tax bracket that the lottery winnings were taxed at.

Government is greedy, 40% is no lube man

 

[ASE]

40% is only if you make 400k+. The link below has a breakdown of the 2017 tax schedule.

https://individual.troweprice.com/p...lanning/Prepare-Your-Taxes/Tax-Rate-Schedules

 

[jewseejay]

the lotto is a stupidity tax

until you win

 

[alp]

40% is only if you make 400k+. The link below has a breakdown of the 2017 tax schedule.

https://individual.troweprice.com/p...lanning/Prepare-Your-Taxes/Tax-Rate-Schedules

In ny it's damn near 40 even if you're making nothing

 

[alp]

the lotto is a stupidity tax

until you win

Some people enjoy gambling

 

[tupac jordan]

Been on a losing streak. Lost 4 in a row 3x $30 & a $10.

 

[Fozz]

I was tempted to buy a $30 scratcher last night...But passed. 

I didn't want to take an L lol

 

[johnny cakes]

U gave moms 2k

I'm not going to tell you what to do with your money....But damn you couldn't give mom at least a cool 5K kid? 

 

[6 Rings G.O.A.T.]

..

 

[nothinafta]

I'm not going to tell you what to do with your money....But damn you couldn't give mom at least a cool 5K kid? 

5k minimum .. that's all we asked [emoji]128514[/emoji]

 

[tupac jordan]

Switched it up & bought a $10 & won $20. It's hot streak time!

 

[tupac jordan]

Check out this big *** ticket! Never knew such a thing existed. $10 & won $50 View media item 2485868

 

[compa sneakers]

Dam only 2k i wAs gona ask for a pair of JORDANS ...

 

[snowlax]

Saw this and was reminded of this thread.

http://bit.ly/2t5G80P

 

[tupac jordan]

Good win!