>>Isn't it that you pay close to 50% in taxes?
>>
>>>One possibility is that there was another winning ticket.
>>>
>>>Another possibility is that the winning amount is described as the total amount of a series of payments (usually over 20-30 years depending on the particular lottery). You have an option on getting either the annuity or cash value.
>
>Hadn't thought of that, but you may be right. Now that I think about it, they do have to pay taxes on lottery winnings, don't they.
I'm not sure they have to in GB. Every so oftren I get 3 nos. (I don't buy tickets very often), for which the pay-out is £10. I've never been charged tax on this, and I've ready nowhere that you do.
- Whoever said that women are the weaker sex never tried to wrest the bedclothes off one in the middle of the night
- Worry is the interest you pay, in advance, for a loan that you may never need to take out.
