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Valkyrie Riders Cruiser Club > General > General Board > Lottery windfall...
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Author Topic: Lottery windfall...  (Read 1037 times)
f6gal
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Surprise, AZ
« on: July 31, 2022, 01:42:39 PM »
I won $2 in the recent Mega Millions lottery.  Please respect our privacy as our family decides how to move forward in this exciting and pivotal moment.  Thank you.
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You can't do much about the length of your life, so focus on the width.
carolinarider09
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Newberry, SC
« Reply #1 on: July 31, 2022, 01:44:50 PM »
 cooldude
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John Schmidt
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a/k/a Stuffy. '99 I/S Valk Roadsmith Trike

De Pere, WI (Green Bay)
« Reply #2 on: July 31, 2022, 03:20:04 PM »
I've face the same problem a couple times...for the same amount of winnings. I usually look at the money spent as a donation. Wink
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Chrisj CMA
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Crestview (Panhandle) Florida
« Reply #3 on: July 31, 2022, 03:36:32 PM »
How much is that after taxes?  2funny
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f6gal
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« Reply #4 on: July 31, 2022, 03:57:55 PM »
Quote from: Chrisj CMA on July 31, 2022, 03:36:32 PM
How much is that after taxes?  2funny

Since it's marginal income, probably 23¢.  I'm thinking of changing to Canadian citizenship before collecting, so I can claim a windfall exclusion.
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You can't do much about the length of your life, so focus on the width.
old2soon
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Willow Springs mo
« Reply #5 on: July 31, 2022, 04:09:01 PM »
       So if you purchased a regular ticket it were a push pull?  Roll Eyes You did Way betta then I did!  2funny RIDE SAFE.
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Today is the tommorow you worried about yesterday. If at first you don't succeed screw it-save it for nite check.  1964  1968 U S Navy. Two cruises off Nam.
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Grandpot
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Rolling Thunder South Carolina Chapter 1

Fort Mill, South Carolina
« Reply #6 on: July 31, 2022, 04:37:17 PM »
Please put me in your will, right after your pets.
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crazy2 Experience is recognizing the same mistake every time you make it.crazy2
msb
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Agassiz, BC Canada
« Reply #7 on: July 31, 2022, 04:38:27 PM »
Quote from: f6gal on July 31, 2022, 03:57:55 PM
Quote from: Chrisj CMA on July 31, 2022, 03:36:32 PM
How much is that after taxes?  2funny

Since it's marginal income, probably 23¢.  I'm thinking of changing to Canadian citizenship before collecting, so I can claim a windfall exclusion.
lol...funny original post. And yes, lottery winnings ( as well as other cash, automobile, house, etc prizes or giveaways) in Canada are not subject to tax...winners get the whole enchilada. That is of course, until you claim any earnings from it in income...that's when the taxman cometh  Smiley
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Mike

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Robert
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S Florida
« Reply #8 on: July 31, 2022, 05:18:15 PM »
 2funny 2funny 2funny

Good one.
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“Some people see things that are and ask, Why? Some people dream of things that never were and ask, Why not? Some people have to go to work and don’t have time for all that.”
Rams
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Covington, TN
« Reply #9 on: July 31, 2022, 07:09:38 PM »
Quote from: f6gal on July 31, 2022, 01:42:39 PM
I won $2 in the recent Mega Millions lottery.  Please respect our privacy as our family decides how to move forward in this exciting and pivotal moment.  Thank you.

Well, don't spend it all in one place.................  Wink

Rams
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