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fordham

Joined: 07/21/2015 Posts: 14796
Likes: 6441


You have to establish residency, several states have no income tax, FL, WY,


TX, AK, TN but you would have to move before you win as the state you reside in when you won is counting the winnings as income, and lump sum payments are paid out after withholdings for fed and state (if applicable) are made. The lottery commissions don't give you the full amount and expect you to write a check come 4/15 (they don't trust anyone that much)

(In response to this post by VTHokie2000)

Posted: 08/22/2017 at 2:42PM



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Current Thread:
  I used to live in Virginia -- MEHOKIE 08/22/2017 3:13PM
  "Six-ty nine, dude!" ** -- WestyHokie 08/22/2017 12:39PM
  The state gets their's before you see a dime. ** -- 48zip 08/22/2017 12:59PM
  That's new york -- MEHOKIE 08/22/2017 4:31PM
  But you said "lump sum". ** -- 48zip 08/22/2017 1:31PM
  Ah my mistake in the OP. I meant annuity. ** -- VTHokie2000 08/22/2017 1:35PM
  Tell that to the IRS ** -- 48zip 08/22/2017 1:37PM
  Hey BW. What would you win if -- daisyWV 08/22/2017 12:15PM
  Walking around money ** -- Brown Water 08/22/2017 1:35PM
  A trip to Disney World. ** -- capitals1 08/22/2017 12:42PM
  Just did very rough estimate -- RTFC 08/22/2017 11:27AM
  4 8 15 16 23 42 ** -- King Jaffe Joffer 08/22/2017 11:20AM
  Can we get a 6th of your winnings if we help? :-) ** -- HokieSignGuy 08/22/2017 11:18AM
  SHUN! ** -- TD-Tech 08/22/2017 12:55PM
  36 ** -- HokieSignGuy 08/22/2017 11:17AM
  42 ** -- Major Kong 08/22/2017 11:16AM
  49* ** -- daisyWV 08/22/2017 11:10AM
  13 ** -- vt90 08/22/2017 11:04AM
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  33 1/3 ** -- bigbadbird 08/22/2017 11:02AM

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