What Happens When You Win The Lottery

What Happens When You Win The Lottery | Jubilee | Full Video Here: • I Won The Lottery: Ask...

[@TheGrahamStephanShow]

Check Out The Full Video Here: kzbin.info/www/bejne/j6jOmaZqnNOjqck

[@Wistbacka]

Wait... Why would you only get half the money if you take it in a lump?😮😮

[@mrzoukdotcomzouklambadaboo8212]

I don't know why that dude doesn't just shave his head...

[@Wistbacka]

@@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]

Abolish the IRS and SEC

[@LilmissJ111]

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]

IRS wins the lottery every spin

[@skully70]

That's why it's called a voluntary tax.

[@noehernandez6553]

Not if you take payments

[@olivieredouard4953]

The house always wins.

[@JamesR1986]

I'll happily pay tens of millions of dollars on my lottery win.

[@JimJones-kk8pb]

​@@JamesR1986Foolish

[@SpamMouse]

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 !!!!!

[@kirkhill5528]

I see what you did there lol

[@davidjones4762]

That was a great escape you did there

[@SpamMouse]

@@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.

[@MrMedicalUK]

Dude we pay taxes....just not on prize money...... because we won it we didnt earn it Taxing lotttery winnings is criminal ​@SpamMouse

[@SpamMouse]

@@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. 💰💰💰

[@jhonrutger3508]

I won the the lottery Government: We won the lottery.

[@daddywalker6133]

I see that “Friday” reference good one lol

[@b469b]

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!

[@theYoutubeHandle]

*soviet anthem intensifies*

[@StephenButlerOne]

Seems the iRS wins the lottery every week.

[@sogiyojumbo]

What lottery ?

[@johnfairweather9188]

In Canada, lottery wins are not taxed. What you win is what you get.

[@viking.200]

I believe it's the same in Denmark, you get what you win. Have a good day.

[@suziesparkle2260]

Same in the Uk :)

[@therealgeoffm]

Same everywhere else in the world.

[@UncleBaldy]

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 .

[@mu6768]

Yes but our lottery is so much smaller than in the usa

[@hunchosnyder349]

IRS needs to go to prison

[@koppy82]

The government needs to go to prison

[@inkbold8511]

This government need a regime change

[@inkbold8511]

This government need a regime change

[@nefewthacollector6194]

Amen plus who gave them the rights ??

[@bofadeeznuts469]

@@inkbold8511 agree. we need a socialist government asap

[@ZebbMassiv]

In Canada, you get the whole thing tax free. Lottery isn't taxed.

[@Frusie]

Abouta move to Canada

[@Rob-fc9wg]

Same in Australia.

[@hAispieler]

In Germany it will get taxed after a year, so just invest it and easy 😊

[@jennalud4748]

True

[@verge3d]

Same in the U.K.

[@cyberpunkmodels692]

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.]

It’s because when dealing with the government you get ripped off even when you win

[@rossbrumby1957]

In Australia, if the lottery is 150 million, you get 150 million.

[@R-E-X-]

Same as the UK

[@rentonarc]

Same as Canada

[@derrickmooney8566]

And apparently we're not free 😂😂😂😂

[@mrtruth4269]

​@@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

[@Lava1964]

Same in Canada. No taxes on lottery winnings.

[@smoothforreal4242]

25 million is still good for doing nothing but guessing numbers lol

[@PKAdazGalaxiaz]

Have you tried guessing tho, it sure ain’t easy 😂😂

[@wallihaley5194]

Exactly!

[@diegoandion4561]

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]

Especially if you spend 700 dollars a year in tickets

[@jamesddean5759]

Abolish the IRS and SEC

[@jamesjameson4566]

I wanted to listen to the lottery winner

[@beebee9514]

Click on the link

[@MikhailFederov]

Fr instead Grhama wanted to explain something everyone already knows

[@michaelloughery6100]

Same

[@elise2096]

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-il1dr]

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.

[@Kjb420]

25 million sounds good to me 🤷🏻‍♂️

[@kingtommyg3276]

25 mill sound nice

[@michaelsanpedro2674]

It's ironic that this country was founded because of high taxes

[@Top10soon]

Alot of ppl don't know this 👍

[@michaelsanpedro2674]

@Keegan Hughes The founding fathers are rolling in their grave right now.

[@deirdre108]

The rallying cry of the colonists was "No taxation without representation."

[@oz_jones]

No, not really. It was taxation without representation

[@LaKoeps]

​@@Aaron-dp5kb'Murica muh GUNZZZ!!!

[@andyd2528]

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]

The United States taxes you on the interest too

[@mathiasthorvaldsen5010]

Thats because the money advetised is pre taxed. Im not sure but i Think its an EU-law

[@jackjack8205]

@@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]

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]

That sounds like the fair thing to do. USA is too greedy on that.

[@gaz9769]

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.

[@mranime97]

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-kt5ep]

Exactly ❤❤I have legit ticket bfor sell x

[@Sovereign.Shay444]

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]

When you win the lottery, the government actually wins the lottery.

[@christianlee7244]

i think thats a good thing.

[@afishynado6812]

@@christianlee7244 explain?

[@Halfbittenjalapeno]

​@@afishynado6812creating tax dollars out of thin air.

[@THEFIFTHDIMENTION]

​​@@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]

​@@THEFIFTHDIMENTIONcare to explain where?

[@chocolateer2]

Here in Canada you aren't taxes on lottery winnings, only interest collected. 🇨🇦🇨🇦

[@HatedJared]

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]

@@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]

@@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]

@@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]

What about marginal tax in Canada?

[@Zrevlyz]

Good thing my country is tax free,free education and free hospital

[@80908]

Where do you live?

[@spookshow6999]

Yeah sure Jan

[@joannehickey7047]

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]

No taxes on lottery winnings here in Australia. No taxes on compensation payouts either 🇦🇺

[@mccoy9112]

😂😂😂😂 you are the lab of the world. WEF just keep fucking you all.

[@kingssing]

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]

Same in Germany

[@anthonybenton7725]

No taxes on inheritances either.

[@melchormendoza]

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]

The two billion dollar winner ended up with six hundred fifty million.

[@XFizzlepop-Berrytwist]

That is insane… taxes should not be that high…

[@rocketleaves9651]

Its basically bordaline "legalized" robbery

[@pickopenforever4206]

That dude lived in California So he got robbed twice By the State and the Federal Government

[@dvtofk9908]

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]

Thats crazy. Any other country pay taxes on lottery wins? In NZ we dont.....but then our jackpots has never gone over 30odd mill

[@robert4you]

No taxes here in Sweden when you win the lottery. What you win is all yours. As it should be.

[@donnlowel2387]

Here in Australia no tax if you win a lotto, but you have to give some of your winnings to the charity.

[@wj6782]

If you win the lottery in Canada... you get every cent.

[@rossmacintosh5652]

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]

And in the UK

[@hereforagoodtyme9361]

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]

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]

​@@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]

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]

Same for Canada

[@markeymark25]

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]

that is why your country is a cess pit

[@varrjames186]

​@@markeymark25 you pay 20% tax on interest on anything over £1,000...I guarantee that a lotto winner would be paying that!

[@kavishwarmokal124]

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_]

In germany, you pay 0%. Lottery is tax free.

[@WheresLeroyBrown]

So crazy that the US is all about freedom but you win that in Canada, it's all yours

[@antoinevs7201]

In my country, there are no taxes on money you win.

[@coreylee9342]

You just described my paycheck, I play the lotto every time I get paid.

[@bigrod359]

Bro 😂😂😂

[@tybarker5038]

Time to gamble with my life to deliver this pizza for a $4 tip! See you guys later

[@celenabrown9381]

😂yep!!

[@romi929]

😂😂😂

[@RyanSpike]

😊haha nice.. been there, done that.. drive responsibly my friend @@tybarker5038 😂

[@HuskyLeFox]

*laughs in no taxes in Australia*

[@AkRenee]

No tax in Alaska either. 😁

[@TwhistyyHD]

@@AkReneeno state taxes maybe but Alaskans still pay federal taxes right ?

[@jasonunderwood1510]

And that's why Americans pay most of the u.n. support for most of rhe world

[@dilekavan5796]

no taxes in commonwealth countries

[@derrickmooney8566]

​@@jasonunderwood1510BS you do

[@TheRealityDealerTV]

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]

If you hadn't interrupted maybe we would have found out exactly how much he won and how much after taxes.

[@frankb.1546]

How do you know if he explained that in the video clip?

[@stevefitchett6193]

​@frankb.1546 well there was more chance if he played it all of finding out wasn't there?

[@tshimomogudi51]

fr bro💀

[@stevefitchett6193]

It was just under 16mill after taxes.

[@mrsrightproductions]

He actually has a youtube channel and interviews other lottery winners 🎉

[@KushKingpin420]

In Canada no taxes on lottery winnings no matter the amount. However, biggest lottery jackpots are around $70M

[@2nd100k]

same for europe ❤

[@Knuckle_Sandwich_Hand_Wraps]

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-fb5xs]

The government takes its cut first. It was taxed, you just aren’t quite so aware of it.

[@raistlinvanspronsentravel]

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-kt5ep]

Yes mmm im from Canada too how are you doing

[@cinnamon_bunz5913]

Fun fact: Lottery winnings aren't taxed in Canada

[@cheyenne11114]

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]

Open a trust fund . Redeem on behalf of the trust . Then the trust pays beneficiaries . A financial advisor would guide you through it .

[@PearsF]

The fact that I would be millions of $$$ richer would definitely change my life forever.

[@arkos02]

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]

It's Germany, we talk about U.S where majority of them don't consider themselves female or male

[@secretsquirrel6124]

And uk

[@christatum]

​@@mittao86no worries, we are not far behind over here

[@diecastguykid8751]

I wanted to hear the story of the young lottery winner.

[@leahmay1506]

His name is Timothy Shultz… he has a self titled KZbin channel and he interviews other lottery winners. His story is a good one!

[@camdenbhoy6192]

We get "all" the money instantly in EU from lottery. ZERO tax when you receive it

[@EmeraldPencil46]

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]

In Ireland the Lottery is Tax Free

[@Britonbear]

Same with the UK and all gambling income.

[@deirdre108]

Do you still have the "Irish Sweepstakes'?

[@thecanadianraider948]

Meanwhile in Canada you get all the money tax free

[@rowdyclips57]

Meanwhile in Canada your gas is higher, food prices higher, healthcare sucks, and you’re all a bunch of pussies

[@DDHH616]

Same with us in the UK, France and Germany

[@CJonesApple]

Tax is paid from the ticket. Not from the winnings.

[@kevinclifford07]

Hey. Im coming to canada rn

[@leovillant768]

​@@DDHH616teea

[@kylenead5386]

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.

[@jblues145]

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]

I'd still be happy with the 25mil. Certainly more than I had before hand

[@christopherthreadgill6195]

Exactly

[@RBMastersinc]

That's how I see it.

[@BEN-ys6gu]

Yeah but you'd want to get a sum somewhat proportional to the risk you take

[@th3s3rv37]

@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]

In Germany when you win the lottery its completely Tax free

[@teresawilson3893]

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.

[@danboyyoung79]

In the UK the tax is paid as part of the ticket price, no reduction after.

[@secretname9346]

That’s still enough for my family to never worry about money again.

[@Astran.21]

And this is why the lottery is legalized gambling where the house always wins the house being the government in this case

[@MasterManifesterMindset]

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

[@DKG88368]

In South Africa lottery winnings are not taxed. You get the full lumpsum amount.

[@NoSpam1891]

No tax on lottery winnings in Canada. Until you invest and earn money.

[@chaunceycali7962]

Abolish the IRS.

[@sierraj7480]

lol this a welfare abuser, i bet ^ 😂

[@derrekgillespie413]

Incredibly stupid take

[@seymourkrelborn207]

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]

@@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]

@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.

[@gracylou3464]

I love how humble he is ❤

[@Lee-ei9ot]

In south Africa, winnings are not taxed, I won R50 million which is about 2,7 million dollars.

[@NYCslots24]

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]

Yep exactly. It's Bullshit for realll

[@wordsjustwords3156]

And Biden wants more 😂

[@avianv]

@@wordsjustwords3156 wtf biden gotta do with this?

[@wordsjustwords3156]

@@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]

Australia has no tax on winnings as we don't consider winnings to be income unless you are a professional gambler

[@ciaranwalsh2131]

same in Ireland

[@Jason-lh8he]

Imagine being that poor sap that has to share their winnings with the government

[@SuperNinjadevil]

Same in South Africa.

[@powdermunky2001]

Yep same in Blighty 🇬🇧

[@gilbertwayne5957]

Bro’s comb over 😂 got me

[@andrewwalker4066]

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]

Timothy Shultz has his own yt channel where he interviews other lottery winners. His second interview of Randy Rush is particularly interesting.

[@heavenrain888]

I love him and his show!!

[@bobbybavro8400]

How corrupt is that. Extortion. I would be in jail if I did this to people.

[@Willy_Warmer]

No you wouldn’t bro

[@LuisDaBear]

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

[@bombflict5466]

Another reason why the US is the world's best comedy show 😂

[@brendanhurt305]

25 mil is plenty to be set for life if you're smart with it.

[@XFizzlepop-Berrytwist]

Even if you are somewhat stupid with it… it should still be enough to set up for life.

[@XFizzlepop-Berrytwist]

Even if you are somewhat stupid with it… it should still be enough to set up for life.

[@jamesddean5759]

Abolish the IRS and SEC

[@graysonallen3479]

What does the South Eastern Conference have to do with any of this?

[@jamesddean5759]

@@graysonallen3479 Geek

[@jamesddean5759]

@@graysonallen3479 Freaking nerd

[@wonhung]

In the UK it's generally TAX FREE.

[@miketaverner4451]

Here in the UK you wouldn't pay a penny in tax . Tax is included in the ticket or numbers

[@jaimeramirezXP]

With $25 million dollars you could have a $150k to $200k live style for the rest of your life

[@Frusie]

Not after Taxes

[@imacarfreak6036]

Still 25 mil more then I had when I bought the ticket....

[@blackcountryme]

In the UK, winnings are not taxed. which considering how much the government loves taxing folk, it's surprising

[@riku3716]

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]

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]

🤔 what's the fed tax % on the lottery?

[@seargeantfirstclass]

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-kt5ep]

❤❤❤

[@Astroxvenus]

Well in here in Canada we don’t do that. You get the whole thing.

[@robertb8629]

And then your bank account can be frozen if you donate to a protest the PM doesn't like

[@maxbooth8611]

Same in UK all gambling winnings are tax free

[@bajanlife8011]

Big up canada 🇨🇦

[@SationalCyn]

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-es9kh]

Federal withholdings is 25% and then you have to pay state which can be anywhere between 2-17%

[@vendingservices8900]

Things like this make me want to see government crumble to the ground.

[@matthewthompson4665]

I still don’t think I would be crying with 25 million in my back pocket😅

[@insidethebnb]

You just got raped for the other $75M. Let that sink in.

[@terracottapie]

You wouldn't be upset that someone took $75,000,000 away from you?

[@UA7s]

@@terracottapienope lol. I’ll take my lil 25 mill.. they can keep that 75. Don’t gotta work another day in my life

[@terracottapie]

​@@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]

​@@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.

[@davidterry6155]

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

[@keplacc]

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]

definitely taking the 27 years of payment

[@benchoflemons398]

Mathematically a horrendous decision

[@hoogadabooga]

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]

@@benchoflemons398 yo ass is gonna disappear by the end of the 27 years, that’s what’s mathematically horrendous

[@commie281]

⁠@@hoogadabooga u should lower your risk of death… but I get it taking the money asap and investing would make wayy more

[@StimmBehr]

No you ain’t

[@FUBARguy107]

"I have an annuity but I need cash NOW!"

[@azeleapark]

*"Call J.G. Wentworth, 877 cash Now! 877 cash Now!!"* 😂

[@lukekilah6257]

Australian lottery’s are classed as tax free. Only a stream of income can be taxed.

[@tiagotre1]

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]

Only $25 million? I'd throw it back in their face!

[@Deadassdeadass]

😂😂😂

[@Southparkandfamilyguy]

😂😂😂

[@subwayfelloff]

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]

Taking it over 27 years sounds so much better

[@ndepas1]

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]

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]

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]

You always want to take it right than and there.

[@yomamma2424]

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]

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.

[@chrisandersen5502]

In Canada, if you win $50m...you get $50m. There is no taxes on lottery winnings.

[@PapaReefer]

25 mil good for me😭

[@terracottapie]

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

[@TheTwoFingeredBulldog]

Didn't fix his bald head 😂😂😂

[@user-qx7vp6ol8c]

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.5837]

In the US. NOT in Europe. In Europe you get the whole thing and don't pay tax.

[@treesaremadeofwood2145]

The lottery, the government's "other" racket.

[@Bishopjackson]

For our elderly 🙄. Gtfoh!

[@leroyv8372]

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.

[@BlueDart1971]

All lotteries are a poor man’s tax.

[@vxCOCOxv]

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!

[@thetrucker6889]

Not in the UK. Winnings arent taxed