What Happens When You Win The Lottery | Jubilee | Full Video Here: • I Won The Lottery: Ask...
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@TheGrahamStephanShow Жыл бұрын
Check Out The Full Video Here: kzbin.info/www/bejne/j6jOmaZqnNOjqck
@Wistbacka Жыл бұрын
Wait... Why would you only get half the money if you take it in a lump?😮😮
@mrzoukdotcomzouklambadaboo8212 Жыл бұрын
I don't know why that dude doesn't just shave his head...
@Wistbacka Жыл бұрын
@@DeepValueOptions no, that was a separate thing. He mentions that, that no matter if you get the money in small chunks or in one big lump you pay tax. But if you take it all at once, then you only get half, and then tax is deducted from that half. So I wondered why only half from the get-go
@jamesddean5759 Жыл бұрын
Abolish the IRS and SEC
@LilmissJ111 Жыл бұрын
I am curious, if you live in a state with low income taxes, but buy the ticket while on vacation. Do you have to pay taxes from the state you bought the ticket, or the state you are from? Do we have an answer to this?😮😮😮😮
@Drake-jq5fd Жыл бұрын
IRS wins the lottery every spin
@skully70 Жыл бұрын
That's why it's called a voluntary tax.
@noehernandez6553 Жыл бұрын
Not if you take payments
@olivieredouard4953 Жыл бұрын
The house always wins.
@JamesR1986 Жыл бұрын
I'll happily pay tens of millions of dollars on my lottery win.
@JimJones-kk8pb Жыл бұрын
@@JamesR1986Foolish
@SpamMouse Жыл бұрын
In the UK you get the whole jackpot amount, there is NO tax on lottery winners. You Americans should stand up for yourselves and be represented "No Taxation Without Representation" should be your battle cry !!!!!
@kirkhill55283 ай бұрын
I see what you did there lol
@davidjones47623 ай бұрын
That was a great escape you did there
@SpamMouse3 ай бұрын
@@conor4522 I understand your position, however such "land-tax" is the method that the state uses to raise money funding various services. Consider it the price for living within a civilization.
@MrMedicalUK2 ай бұрын
Dude we pay taxes....just not on prize money...... because we won it we didnt earn it Taxing lotttery winnings is criminal @SpamMouse
@SpamMouse2 ай бұрын
@@MrMedicalUK Maybe not criminal, but I truly consider it VERY deceptive to headline a $100Million Jackpot, then take away half because you want the money upfront then tax that as well, lucky in you get $25Million! Good luck with your next ticket. 💰💰💰
@jhonrutger350810 ай бұрын
I won the the lottery Government: We won the lottery.
@daddywalker61337 ай бұрын
I see that “Friday” reference good one lol
@b469b7 ай бұрын
Well they could increase everyone's taxes for education at least some lucky people or bad investors get something back for a change. I know i would be bummed too!
@theYoutubeHandle3 ай бұрын
*soviet anthem intensifies*
@StephenButlerOne2 ай бұрын
Seems the iRS wins the lottery every week.
@sogiyojumbo2 ай бұрын
What lottery ?
@johnfairweather9188 Жыл бұрын
In Canada, lottery wins are not taxed. What you win is what you get.
@viking.200 Жыл бұрын
I believe it's the same in Denmark, you get what you win. Have a good day.
@suziesparkle2260 Жыл бұрын
Same in the Uk :)
@therealgeoffm Жыл бұрын
Same everywhere else in the world.
@UncleBaldy11 ай бұрын
Same thing here uk 🇬🇧 👍🏼💷 💰 Ker Ching 👌🏼👍🏼. There is tax mind on the interest you make. That said , what do most people do anyway when they win => buy things which have already got tax(v.a.t) built-in to the cost ~ So whatever way you look at it Your taxed just appears less So .
@mu676811 ай бұрын
Yes but our lottery is so much smaller than in the usa
@hunchosnyder349 Жыл бұрын
IRS needs to go to prison
@koppy82 Жыл бұрын
The government needs to go to prison
@inkbold8511 Жыл бұрын
This government need a regime change
@inkbold8511 Жыл бұрын
This government need a regime change
@nefewthacollector6194 Жыл бұрын
Amen plus who gave them the rights ??
@bofadeeznuts469 Жыл бұрын
@@inkbold8511 agree. we need a socialist government asap
@ZebbMassiv Жыл бұрын
In Canada, you get the whole thing tax free. Lottery isn't taxed.
@Frusie Жыл бұрын
Abouta move to Canada
@Rob-fc9wg Жыл бұрын
Same in Australia.
@hAispieler Жыл бұрын
In Germany it will get taxed after a year, so just invest it and easy 😊
@jennalud4748 Жыл бұрын
True
@verge3d Жыл бұрын
Same in the U.K.
@cyberpunkmodels6928 ай бұрын
I laugh when people makes it sound like it’s a bad thing. You still have a million times more than you had before who gives a f 😂 I would still be thankful and feel blessed. 💸
@That.Guy.5 сағат бұрын
It’s because when dealing with the government you get ripped off even when you win
@rossbrumby19572 ай бұрын
In Australia, if the lottery is 150 million, you get 150 million.
@R-E-X-Ай бұрын
Same as the UK
@rentonarcАй бұрын
Same as Canada
@derrickmooney8566Ай бұрын
And apparently we're not free 😂😂😂😂
@mrtruth4269Ай бұрын
@@derrickmooney8566Ur defi not free mate u need wake up and to use that as a example says it all do u know how much they make each week of the loto?? Yep so they don't care
@Lava196428 күн бұрын
Same in Canada. No taxes on lottery winnings.
@smoothforreal4242 Жыл бұрын
25 million is still good for doing nothing but guessing numbers lol
@PKAdazGalaxiaz Жыл бұрын
Have you tried guessing tho, it sure ain’t easy 😂😂
@wallihaley5194 Жыл бұрын
Exactly!
@diegoandion4561 Жыл бұрын
Yes but it’s incredible how stupid taxes are there shouldn’t be as many as there are today most of them go towards war, weapons and unnecessary things
@smythe7480 Жыл бұрын
Especially if you spend 700 dollars a year in tickets
@jamesddean5759 Жыл бұрын
Abolish the IRS and SEC
@jamesjameson4566 Жыл бұрын
I wanted to listen to the lottery winner
@beebee9514 Жыл бұрын
Click on the link
@MikhailFederov Жыл бұрын
Fr instead Grhama wanted to explain something everyone already knows
@michaelloughery61003 ай бұрын
Same
@elise20963 ай бұрын
His name is Timothy Schultz and he has a podcast on KZbin by that name where he interviews lottery winners from all over the world.
@JohnS-il1dr2 ай бұрын
This kid immediately sought wealth financial advisors and lives off the interest. He knew he might end up as a lottery statistic if he didnt watch out.
@Kjb4202 ай бұрын
25 million sounds good to me 🤷🏻♂️
@kingtommyg3276 Жыл бұрын
25 mill sound nice
@michaelsanpedro2674 Жыл бұрын
It's ironic that this country was founded because of high taxes
@Top10soon Жыл бұрын
Alot of ppl don't know this 👍
@michaelsanpedro2674 Жыл бұрын
@Keegan Hughes The founding fathers are rolling in their grave right now.
@deirdre108 Жыл бұрын
The rallying cry of the colonists was "No taxation without representation."
@oz_jones Жыл бұрын
No, not really. It was taxation without representation
@LaKoeps Жыл бұрын
@@Aaron-dp5kb'Murica muh GUNZZZ!!!
@andyd2528 Жыл бұрын
In the UK , if you win £100,000,000 , you get the lot. You are NOT taxed on your winnings. You are only taxed on the interest it makes.
@Michael-zn2jc Жыл бұрын
The United States taxes you on the interest too
@mathiasthorvaldsen5010 Жыл бұрын
Thats because the money advetised is pre taxed. Im not sure but i Think its an EU-law
@jackjack8205 Жыл бұрын
@@mathiasthorvaldsen5010 no you just aren’t taxed on lottery wins or gambling wins in the uk. It’s always been the case in the uk. US tax laws are a con.
@Larimuss Жыл бұрын
That’s how it should be.. like it’s not income is fucken one in a billion chance gambling win.. just pure scum to take any of it. Their already probably taking huge cuts from the gambling companies themselves, usually.
@JV8901 Жыл бұрын
That sounds like the fair thing to do. USA is too greedy on that.
@gaz976912 күн бұрын
I dont know how things work in the USA but any earnings are taxed in Australia. BUT! Any costs required to make those earnings are tax deductible. Therefore the cost of every single lottery ticket would be a tax deduction. Theretherefor the Australian Taxation Office doesn't tax lottery wins.
@mranime9710 ай бұрын
in Malaysia if you winning $10 Million .. you will get exactly $10 million the tax already paid by the lottery company ... because winning a lottery ARE NOT CONSIDERED AS MAIN INCOME 😁
@Mary.Y-kt5ep2 ай бұрын
Exactly ❤❤I have legit ticket bfor sell x
@Sovereign.Shay444Ай бұрын
Malaysia isn't crocked af and capitalistic like America is must be nice😌❤ I won 10k on a scratch off and yea there's taxes here🙄 but still thankful!
@afishynado6812 Жыл бұрын
When you win the lottery, the government actually wins the lottery.
@christianlee7244 Жыл бұрын
i think thats a good thing.
@afishynado6812 Жыл бұрын
@@christianlee7244 explain?
@Halfbittenjalapeno Жыл бұрын
@@afishynado6812creating tax dollars out of thin air.
@THEFIFTHDIMENTION Жыл бұрын
@@christianlee7244not really because after they take taxes they also take taxes from all the stuff you will spend that money on. If I won I would move my money and my family somewhere else so the USA doesn't get my money.
@otaarl7545 Жыл бұрын
@@THEFIFTHDIMENTIONcare to explain where?
@chocolateer2 Жыл бұрын
Here in Canada you aren't taxes on lottery winnings, only interest collected. 🇨🇦🇨🇦
@HatedJared Жыл бұрын
Yeah but from what I can find, the average Canadian family pays 45% of their income in taxes compared to 28.5% in the U.S. So you win big if you win the lottery for sure, but the average person is losing half their pay for their whole lives.
@BIGTONKADAN9821 Жыл бұрын
@@HatedJaredI understand this argument from an American sometimes, but also as a Canadian diabetic I’m all for paying my taxes. Because I don’t have to scrounge for my medication I get it for basically free. And that’s why we get taxed so high
@MadCuzUBroke Жыл бұрын
@@HatedJaredthis is false 🙁 someone who makes 120000$ a year will pay 36.2% of that amount towards taxes in the province with the highest tax rate (quebec)
@Nargon604 Жыл бұрын
@@HatedJared In BC, you have to make over $163,000/yr to pay 45% income tax. If you make $34,840/yr (40 hour weeks min wage) you pay 20%.
@A10S10001 Жыл бұрын
What about marginal tax in Canada?
@Zrevlyz10 ай бұрын
Good thing my country is tax free,free education and free hospital
@8090818 күн бұрын
Where do you live?
@spookshow699915 күн бұрын
Yeah sure Jan
@joannehickey70472 күн бұрын
In Canada, there is no tax on the initial amount of a lottery win . You only pay taxes on the income generated by the interest paid by the financial institution to the owner of the money for keeping their money in the care of said financial institution.
@samroberts8365 Жыл бұрын
No taxes on lottery winnings here in Australia. No taxes on compensation payouts either 🇦🇺
@mccoy9112 Жыл бұрын
😂😂😂😂 you are the lab of the world. WEF just keep fucking you all.
@kingssing Жыл бұрын
Your government is much better than ours in the USA . Politicians net worth grows like crazy after they are elected. It is very sad . They forget they will judged
@thegeezer3648 Жыл бұрын
Same in Germany
@anthonybenton7725 Жыл бұрын
No taxes on inheritances either.
@melchormendoza Жыл бұрын
They just take it out already, they dont mention the pretax amount. So yes its tax free when you get it but the government got theirs already.
@wordsjustwords3156 Жыл бұрын
The two billion dollar winner ended up with six hundred fifty million.
@XFizzlepop-Berrytwist Жыл бұрын
That is insane… taxes should not be that high…
@rocketleaves9651 Жыл бұрын
Its basically bordaline "legalized" robbery
@pickopenforever4206 Жыл бұрын
That dude lived in California So he got robbed twice By the State and the Federal Government
@dvtofk9908 Жыл бұрын
In the end it's always the government that really wins. Then we just continue to work for them for a wage just to give it right back to them. Modern day slavery.
@patcruising8925 Жыл бұрын
Thats crazy. Any other country pay taxes on lottery wins? In NZ we dont.....but then our jackpots has never gone over 30odd mill
@robert4you4 ай бұрын
No taxes here in Sweden when you win the lottery. What you win is all yours. As it should be.
@donnlowel2387Ай бұрын
Here in Australia no tax if you win a lotto, but you have to give some of your winnings to the charity.
@wj6782 Жыл бұрын
If you win the lottery in Canada... you get every cent.
@rossmacintosh5652 Жыл бұрын
And significantly, in Canada you don't pay any tax on your full winnings! Any income you generate through those winnings is however taxable.
@lordpablo1985 Жыл бұрын
And in the UK
@hereforagoodtyme9361 Жыл бұрын
That’s not really the case, in Canada you win the whole amount but after a fiscal year you have to pay taxes on the remaining money you haven’t spent, we still get fucked by the government but at least they give us a year to spend as much as possible.
@thatonedude315 Жыл бұрын
Hard to believe that sorry to say, because we all know any government would be rubbing their dirty hands to get their cut of a lottery win
@darrencraig9263 Жыл бұрын
@@hereforagoodtyme9361you are incorrect you only pay tax if you put the money in a bank and it earns interest then only the interest amount is taxable. If you invest in stocks you pay tax on any earnings only not the lottery money. So cash and tax free savings accounts if you don't want to pay the tax.
@vickikay54 Жыл бұрын
In Australia, you receive the entire amount up front and pay no taxes on it. Of course if you put it all in the bank and earn interest on it, you pay tax on the interest because that is now classed as income.
@ericdesmeules8117 Жыл бұрын
Same for Canada
@markeymark25 Жыл бұрын
You recieve the full amount in the uk aswell, if u put it all in the bank into a "savings" account u only get interest on it and dont pay tax on it
@Hayden6-3 Жыл бұрын
that is why your country is a cess pit
@varrjames186 Жыл бұрын
@@markeymark25 you pay 20% tax on interest on anything over £1,000...I guarantee that a lotto winner would be paying that!
@kavishwarmokal124 Жыл бұрын
That's nice, otherwise lottery would become nightmare ;half would go for taxes and half would vanish in relatives, friends line-up asking for monetory help.
@_Woody_27 күн бұрын
In germany, you pay 0%. Lottery is tax free.
@WheresLeroyBrown3 ай бұрын
So crazy that the US is all about freedom but you win that in Canada, it's all yours
@antoinevs7201 Жыл бұрын
In my country, there are no taxes on money you win.
@coreylee9342 Жыл бұрын
You just described my paycheck, I play the lotto every time I get paid.
@bigrod359 Жыл бұрын
Bro 😂😂😂
@tybarker5038 Жыл бұрын
Time to gamble with my life to deliver this pizza for a $4 tip! See you guys later
@celenabrown9381 Жыл бұрын
😂yep!!
@romi929 Жыл бұрын
😂😂😂
@RyanSpike8 ай бұрын
😊haha nice.. been there, done that.. drive responsibly my friend @@tybarker5038 😂
@HuskyLeFox10 ай бұрын
*laughs in no taxes in Australia*
@AkRenee3 ай бұрын
No tax in Alaska either. 😁
@TwhistyyHD3 ай бұрын
@@AkReneeno state taxes maybe but Alaskans still pay federal taxes right ?
@jasonunderwood15103 ай бұрын
And that's why Americans pay most of the u.n. support for most of rhe world
@dilekavan5796Ай бұрын
no taxes in commonwealth countries
@derrickmooney8566Ай бұрын
@@jasonunderwood1510BS you do
@TheRealityDealerTV8 ай бұрын
I wouldn’t care about taxes on money I didn’t earn. It’s $25,000,000 I didn’t have so I’d still be grateful.
@davidcanfield883 Жыл бұрын
If you hadn't interrupted maybe we would have found out exactly how much he won and how much after taxes.
@frankb.1546 Жыл бұрын
How do you know if he explained that in the video clip?
@stevefitchett6193 Жыл бұрын
@frankb.1546 well there was more chance if he played it all of finding out wasn't there?
@tshimomogudi51 Жыл бұрын
fr bro💀
@stevefitchett6193 Жыл бұрын
It was just under 16mill after taxes.
@mrsrightproductions Жыл бұрын
He actually has a youtube channel and interviews other lottery winners 🎉
@KushKingpin420 Жыл бұрын
In Canada no taxes on lottery winnings no matter the amount. However, biggest lottery jackpots are around $70M
@2nd100k Жыл бұрын
same for europe ❤
@Knuckle_Sandwich_Hand_Wraps3 ай бұрын
In the UK we pay no tax on any lottery or gambling winnings. We do have a large lottery (not as big as the USA powerball) but it can get as high as £200m UK pounds ($260m US Dollars) and it’s all tax free.
@rob-fb5xs14 күн бұрын
The government takes its cut first. It was taxed, you just aren’t quite so aware of it.
@raistlinvanspronsentravel Жыл бұрын
I'm from Canada, and here lottery winnings aren't taxed. The only way they can be taxed here are if you generate income from your winnings (e.g. opening a business and generating income from the business)
@Mary.Y-kt5ep2 ай бұрын
Yes mmm im from Canada too how are you doing
@cinnamon_bunz5913 Жыл бұрын
Fun fact: Lottery winnings aren't taxed in Canada
@cheyenne1111410 ай бұрын
Fun fact, the price and odds of the ticket are basically the same in Canada but the jackpots are way way way way way way lower.
@richardjcarpenter2082 Жыл бұрын
Open a trust fund . Redeem on behalf of the trust . Then the trust pays beneficiaries . A financial advisor would guide you through it .
@PearsF Жыл бұрын
The fact that I would be millions of $$$ richer would definitely change my life forever.
@arkos02 Жыл бұрын
In germany you don’t have to pay any taxes on money you win in the lottery because it’s not seen as income
@mittao86 Жыл бұрын
It's Germany, we talk about U.S where majority of them don't consider themselves female or male
@secretsquirrel6124 Жыл бұрын
And uk
@christatum Жыл бұрын
@@mittao86no worries, we are not far behind over here
@diecastguykid8751 Жыл бұрын
I wanted to hear the story of the young lottery winner.
@leahmay15068 ай бұрын
His name is Timothy Shultz… he has a self titled KZbin channel and he interviews other lottery winners. His story is a good one!
@camdenbhoy619225 күн бұрын
We get "all" the money instantly in EU from lottery. ZERO tax when you receive it
@EmeraldPencil46Ай бұрын
That’s assuming he won an American lottery, cause if you go north, a $70 million jackpot is a $70 million jackpot. No taxes, you get the entire prize. Our numbers aren’t as large, but they’re genuine.
@Flavius_Tanigoi Жыл бұрын
In Ireland the Lottery is Tax Free
@Britonbear Жыл бұрын
Same with the UK and all gambling income.
@deirdre108 Жыл бұрын
Do you still have the "Irish Sweepstakes'?
@thecanadianraider948 Жыл бұрын
Meanwhile in Canada you get all the money tax free
@rowdyclips57 Жыл бұрын
Meanwhile in Canada your gas is higher, food prices higher, healthcare sucks, and you’re all a bunch of pussies
@DDHH616 Жыл бұрын
Same with us in the UK, France and Germany
@CJonesApple Жыл бұрын
Tax is paid from the ticket. Not from the winnings.
@kevinclifford07 Жыл бұрын
Hey. Im coming to canada rn
@leovillant768 Жыл бұрын
@@DDHH616teea
@kylenead5386Ай бұрын
Not in Canada. Winnings are not a taxable income. Only anything you make off the money. Investments, etc. If you win say $60 million. You get a $60 million check..tax free. No annuity.
@jblues145Ай бұрын
25 mil works.... I wouldn't know what to do with it all. A few positive things and then benevolent donations.. dog rescue would get a lot
@th3s3rv37 Жыл бұрын
I'd still be happy with the 25mil. Certainly more than I had before hand
@christopherthreadgill6195 Жыл бұрын
Exactly
@RBMastersinc Жыл бұрын
That's how I see it.
@BEN-ys6gu Жыл бұрын
Yeah but you'd want to get a sum somewhat proportional to the risk you take
@th3s3rv37 Жыл бұрын
@BEN-ys6gu what are you on about. The most a single lottery ticket costs here in the UK is £5 for a scratchcard. And and £1 for Lotto and £2.50 for EuroMillions. Where on earth is the risk going to be proportional to the sum. Its supposed to cheap to win big. You have to elaborate.
@traced4 Жыл бұрын
In Germany when you win the lottery its completely Tax free
@teresawilson3893 Жыл бұрын
We don’t pay tax on our winnings in Canada but it’s important to know how to invest because we get taxed on the earnings that the winnings make.
@danboyyoung79Күн бұрын
In the UK the tax is paid as part of the ticket price, no reduction after.
@secretname9346 Жыл бұрын
That’s still enough for my family to never worry about money again.
@Astran.21 Жыл бұрын
And this is why the lottery is legalized gambling where the house always wins the house being the government in this case
@MasterManifesterMindsetАй бұрын
No, that was the sticker prize, Timothy is very honest and upfront on his channel And makes it abundantly clear that he didn’t walk away with anywhere near that amount and explains exactly what you explain on this short, almost word for word. I don’t see the point of this clip… but thanks anyway
@DKG88368Күн бұрын
In South Africa lottery winnings are not taxed. You get the full lumpsum amount.
@NoSpam1891 Жыл бұрын
No tax on lottery winnings in Canada. Until you invest and earn money.
@chaunceycali7962 Жыл бұрын
Abolish the IRS.
@sierraj7480 Жыл бұрын
lol this a welfare abuser, i bet ^ 😂
@derrekgillespie413 Жыл бұрын
Incredibly stupid take
@seymourkrelborn207 Жыл бұрын
They just recouped 38 million from 175 wealthy tax evaders.... if you actually fund them they can do their job, which is good for us tax paying law abiding citizens.
@ldeez4375 Жыл бұрын
@@seymourkrelborn207who tf cares about 38 mil? Our government spends trillions a year it has nothing to do with tax evasion and everything to do with government spending. They could tax every American 90% of their money and we still would have a deficit.
@seymourkrelborn207 Жыл бұрын
@ldeez4375 try thinking long term... if the irs is underfunded and they could still get 38 mil from the rich, who can afford litigation, imagine what a funded irs could do... then with the money they reoup we can pay for Healthcare education and the stuff that matters. A working government works for all of us, but conservatives just break and then convince people like you it's useless.
@gracylou34642 ай бұрын
I love how humble he is ❤
@Lee-ei9otАй бұрын
In south Africa, winnings are not taxed, I won R50 million which is about 2,7 million dollars.
@NYCslots24 Жыл бұрын
That’s horrible tho it’s like false advertising uncle sam don’t wanna pay fully out but if any of us owe the government money they hound you every chance they get smh
@KatieLeann Жыл бұрын
Yep exactly. It's Bullshit for realll
@wordsjustwords3156 Жыл бұрын
And Biden wants more 😂
@avianv Жыл бұрын
@@wordsjustwords3156 wtf biden gotta do with this?
@wordsjustwords3156 Жыл бұрын
@@avianv He's the one trying to get higher taxes on lotto winnings with a ten percent plus tax hike on the already ridiculous forty three to forty seven percent of the winnings.
@jodyporter3879 Жыл бұрын
Australia has no tax on winnings as we don't consider winnings to be income unless you are a professional gambler
@ciaranwalsh2131 Жыл бұрын
same in Ireland
@Jason-lh8he Жыл бұрын
Imagine being that poor sap that has to share their winnings with the government
@SuperNinjadevil Жыл бұрын
Same in South Africa.
@powdermunky2001 Жыл бұрын
Yep same in Blighty 🇬🇧
@gilbertwayne59577 ай бұрын
Bro’s comb over 😂 got me
@andrewwalker40662 ай бұрын
In the UK, you don't have to pay any tax on lottery winnings, so if you win the jackpot, you get every single penny of that jackpot in one lump sum
@ElizabethWarrenYeahYeah Жыл бұрын
Timothy Shultz has his own yt channel where he interviews other lottery winners. His second interview of Randy Rush is particularly interesting.
@heavenrain888 Жыл бұрын
I love him and his show!!
@bobbybavro8400 Жыл бұрын
How corrupt is that. Extortion. I would be in jail if I did this to people.
@Willy_Warmer Жыл бұрын
No you wouldn’t bro
@LuisDaBear6 ай бұрын
Instead of complaining about how much taxes are being paid out just be glad u won And if u volunteer to pay a slightly higher rate u will get that much back if not more on ur taxes
@bombflict54662 ай бұрын
Another reason why the US is the world's best comedy show 😂
@brendanhurt305 Жыл бұрын
25 mil is plenty to be set for life if you're smart with it.
@XFizzlepop-Berrytwist Жыл бұрын
Even if you are somewhat stupid with it… it should still be enough to set up for life.
@XFizzlepop-Berrytwist Жыл бұрын
Even if you are somewhat stupid with it… it should still be enough to set up for life.
@jamesddean5759 Жыл бұрын
Abolish the IRS and SEC
@graysonallen3479 Жыл бұрын
What does the South Eastern Conference have to do with any of this?
@jamesddean5759 Жыл бұрын
@@graysonallen3479 Geek
@jamesddean5759 Жыл бұрын
@@graysonallen3479 Freaking nerd
@wonhung3 ай бұрын
In the UK it's generally TAX FREE.
@miketaverner445124 күн бұрын
Here in the UK you wouldn't pay a penny in tax . Tax is included in the ticket or numbers
@jaimeramirezXP Жыл бұрын
With $25 million dollars you could have a $150k to $200k live style for the rest of your life
@Frusie Жыл бұрын
Not after Taxes
@imacarfreak6036 Жыл бұрын
Still 25 mil more then I had when I bought the ticket....
@blackcountryme Жыл бұрын
In the UK, winnings are not taxed. which considering how much the government loves taxing folk, it's surprising
@riku371611 күн бұрын
Finnish lottery is so much better. Jackpots might be smaller but the lottery company prepays the tax so the advertised winnings are what you actually get.
@jamesr2888 Жыл бұрын
Here in California, there aren't any state taxes on lottery winnings. You have to be a state resident though at the time of winning.
@peterlakers1 Жыл бұрын
🤔 what's the fed tax % on the lottery?
@seargeantfirstclass Жыл бұрын
But then there's other taxes too. Like city tax, federal tax, county tax and etc. So the government takes a cut of your winnings
@Mary.Y-kt5ep2 ай бұрын
❤❤❤
@Astroxvenus Жыл бұрын
Well in here in Canada we don’t do that. You get the whole thing.
@robertb8629 Жыл бұрын
And then your bank account can be frozen if you donate to a protest the PM doesn't like
@maxbooth8611 Жыл бұрын
Same in UK all gambling winnings are tax free
@bajanlife8011 Жыл бұрын
Big up canada 🇨🇦
@SationalCyn2 ай бұрын
If you are somewhat young and healthy I would take the annuity, put some in a high yield cd to help cover the yearly taxes (or smart investments). Make sure you have beneficiaries in place, a good lawyer and financial advisor. If it were me, I’m in my 40s with medical issues, I’d take the lump sum and try to invest it to set my family up if something happened to me.
@YohanCort-es9kh4 ай бұрын
Federal withholdings is 25% and then you have to pay state which can be anywhere between 2-17%
@vendingservices8900 Жыл бұрын
Things like this make me want to see government crumble to the ground.
@matthewthompson4665 Жыл бұрын
I still don’t think I would be crying with 25 million in my back pocket😅
@insidethebnb Жыл бұрын
You just got raped for the other $75M. Let that sink in.
@terracottapie Жыл бұрын
You wouldn't be upset that someone took $75,000,000 away from you?
@UA7s Жыл бұрын
@@terracottapienope lol. I’ll take my lil 25 mill.. they can keep that 75. Don’t gotta work another day in my life
@terracottapie Жыл бұрын
@@UA7s Yeah but you're coming from the perspective of someone who doesn't hold a winning lottery ticket. So your options are: (a) $0, or (b) $25 million out of nowhere. So of course (b) is better. But if you're actually holding the lottery ticket where you just won $100 million, then suddenly having 3/4ths of it disappear from your hands isn't as appealing anymore.
@donaldv13 Жыл бұрын
@@terracottapienot as appealing as having nothing? I don't know like, I'd still take the 25M even with having to pay the tax on it.
@davidterry61552 ай бұрын
I recently saw that many states don’t have a state income tax on lottery winnings. Including California, Texas and other states on lottery winnings you only owe 25% Federal taxes
@keplaccАй бұрын
Most people don’t see 1m in their lives, I’d be grateful if I was stuck in a low paying job and won the lottery 💯
@megagnome4776 Жыл бұрын
definitely taking the 27 years of payment
@benchoflemons398 Жыл бұрын
Mathematically a horrendous decision
@hoogadabooga Жыл бұрын
Why would I have it over 27 years when I could die next week? Plus the value of it in 27 years will be much lower to now
@commie281 Жыл бұрын
@@benchoflemons398 yo ass is gonna disappear by the end of the 27 years, that’s what’s mathematically horrendous
@commie281 Жыл бұрын
@@hoogadabooga u should lower your risk of death… but I get it taking the money asap and investing would make wayy more
Australian lottery’s are classed as tax free. Only a stream of income can be taxed.
@tiagotre14 ай бұрын
3.7 for 27 years it's a lot better than 25M once , 3.7 it's enough to invest , have a lot of fun etc... You can even go to live in a cheap and safe country spender half of what you would spend in America
@slojoe58 Жыл бұрын
Only $25 million? I'd throw it back in their face!
@Deadassdeadass8 ай бұрын
😂😂😂
@Southparkandfamilyguy8 ай бұрын
😂😂😂
@subwayfelloff4 ай бұрын
I’d take that money use it to take them to court and sue them win that case and win all my money back and you’ll never see or hear from me again
@ericburd1235 Жыл бұрын
Taking it over 27 years sounds so much better
@ndepas1 Жыл бұрын
It is in a way but usually people take the lump sum cause with all that money you can safely invest it and get a lot of the money you lose by getting the lump sum back. Plus who knows the state of the world 25 years from now
@Antinous99 Жыл бұрын
The value after cumulative inflation means that after 27 years, the purchasing power of that amount is much less then it was at the origin.
@kcgamer439 Жыл бұрын
if you somehow die before the 27 years end, the payments stop. they are not continued to family members, it just ends. which is something to also think about
@humpday75 Жыл бұрын
You always want to take it right than and there.
@yomamma2424 Жыл бұрын
It’s literally the worst move u can make 😂 take it all at once and invest to make the money back & then some & enjoy life. 27 years 😂
@alantaylor-vb6mn Жыл бұрын
Absolutely not. When you take the lump sum, the IRS takes 25%, you can be tax an additional 13% depending on the state you live in by the state. Te state if California doesn't tax you.
@chrisandersen550214 күн бұрын
In Canada, if you win $50m...you get $50m. There is no taxes on lottery winnings.
@PapaReefer Жыл бұрын
25 mil good for me😭
@terracottapie Жыл бұрын
I mean sure, if someone drove up to your front door and handed you $25,000,000, that would be great. But I guarantee that if you legitimately won $100,000,000 you would not be content with getting $25,000,000
@TheTwoFingeredBulldog3 ай бұрын
Didn't fix his bald head 😂😂😂
@user-qx7vp6ol8cАй бұрын
Considering you didn’t have a penny before you won regardless of what you come out with providing your taxes are all paid and everything else is straight and paid then it’s a bonus right !!
@m.e.c.58375 ай бұрын
In the US. NOT in Europe. In Europe you get the whole thing and don't pay tax.
@treesaremadeofwood2145 Жыл бұрын
The lottery, the government's "other" racket.
@Bishopjackson Жыл бұрын
For our elderly 🙄. Gtfoh!
@leroyv8372 Жыл бұрын
The lottery is basically another tax. The fact that they get to "tax" it again is crazy. Scratch tickets in Massachusetts pay 61 cents on the dollar, and people buy them all the time.
@BlueDart197111 ай бұрын
All lotteries are a poor man’s tax.
@vxCOCOxv Жыл бұрын
It’s so wrong in the states. Everyone paid their taxes when they purchased the tickets. So it’s greedy when that lump sum is taxed AGAIN!