What Happens When You Win The Lottery

They take half in taxes…………then tax me half of my half 😠😠

Its funny how it went from 5,6 people winning the lottery to one winning the lottery. Unless they went in on tickets.

Yeah well, you want the lump sum. Because if you won the lottery and did the payments. Then something happened to you. Your family does not get the payments.
If you get the lump sum. Your family inherits the money if something happens to you.

Shut up

Canadians don’t pay taxes on lottery wins. They are considered a windfall. If the jackpot is $50 million you win $50 million.

Congratulations 👏🏽

still a lot of money

Taxation is theft the lottery should be tax free

So glad the uk lottey is TAX FREE 😂😂

Oh no only 25 mil. How awful.

I’m sorry am I supposed to be like “oh geez the lottery is bummer…like I’ll pay the taxes. I’ll take half of whatever amount of MILLIONS I win I’m good with that. How greedy are people that they’d be like siiighhhhhh you mean I only get a PORTION of these multi millions? …I stg

America rips people off

USA The Land of The FREE

IRS: "BULLSHIT"

Fck my country ,I am moving to Canada

That is a robbery😂

I mean it is still a lot of money but Yeah they definetly take away wax too much

No such thing as the land of the free as they say😅

In 1999, the lump sum the government only held was 18%. Payment option would pay out in 20 years and $20 bucks went a long way. O yes, a lottery ticket was only a dollar.

It’s sick Gut win a million scratch off Ended up with 320000 And that’s taxed had to be a better way

Always pick the longer option, you will for er get a "salary" 😅

Always take the yearly payments and never work ever again. If you blow it in a few months, you will be homeless for a while. but atleast you have more coming next year lmao

They just want your money

In the uk it’s all Tax free as counts as gambling so we got it pretty good 😂

I'd be fine with just $25,000,000 dollars

** America 😂😂😂

Timothy is legend. Love him. Can't wait for him to interview me. ❤🎉

Suck sht...Thats because americas a hole... a place full of oxygen thieves.....
Not like that in aus...

What the heck does the government do with all that money??? Sorry, I forgot, they give it to anyone who's not american.

In the Uk you don’t pay tax on winnings I believe you don’t anyways

😂🤣😂🤣 ya that’s not how it works 🤦🏻‍♂️ There’s literally lottery tax calculators online for every state. You’d loose about 1/3 give or take.

If you win the lottery in Ireland all the money is yours

He's wrong as two left feet. About 50% of winnings will go to taxes if the lump sum is taken.

Wow, who would have known.

Lottery or not, that's why you should live in a state without an income tax.

I don’t mind paying 25 mil in taxes if I am getting 25 mil too

I always thought with the lump sum they take the taxes out already.....smh....wild....IRS needs to mind their business

Ha! Only in America will they tax your lottery. Doesn't happen anywhere else. It also isn't classed as earnings

Doesnt matter.

I mean 25 million is still a huge blessing.

Lump sum is the best to do. Then 25 plus years

If you can't live off 25 million dollars you got bigger problems. I would take 25 million dollars in a heartbeat.

In Germany the first year after winning the lottery is tax free. After that you pay taxes on the income you generate with the interest rates for example

Wrong

Here in the United States we never stop paying taxes. We are taxed when we get the money, we are taxed when we spend the money, and we are taxed every year to keep what we bought with the money 🤦🏽‍♀️ Our government, politicians, and law makers are the real thieves, i mean, super rich winners here. 🤷🏽‍♀️

So how much did he get

With 28 mil I could upgrade to the name brand bologna

I’d just take the 25 mil easy decision

They tax the sales of the tickets, then tax it again when someone wins, then tax it again when you buy something. It's criminal

We dont pay any tax on lottery winnings.. not a penny. 🇬🇧