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Greed At Its Best
Message
From
03/09/2007 18:01:02
 
 
To
03/09/2007 11:12:51
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01251725
Message ID:
01252042
Views:
24
>>>>>I just googled and found this page
>>>>>
>>>>>http://thelotterysite.com/taxes_on_your_winnings.htm
>>>>
>>>>There's an interesting conundrum. Would someone give up their US citizenship to avoid paying tax on a lotto win? At what value would they do this? How much is that citizenship worth? I guess there might be a few who'd say "No amount".
>>>
>>>I don't think that would matter. Seems to me it's about where you earned the money, citizen or not.
>>
>>From what I read, no matter where the US citizen was in the world, he'd have top pay US taxes (this, as I understand, also applies to income tax, even if permanently resident in another country and working for a non-US firm, so long as saty US citizen)
>>>
>
>Probably true, but I'll bet that a non-American winning an American lottery still has to pay US income tax, unless there's a reciprocal agreement with the other government.
>
>Tamar

Wouldn't matter anyway. They'd still have to pay any tax they owe before changing citizenship. They'd have to do it before winning to have any chance at all.
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