How is it you win 86 million and the tax is higher than what you get to keep ,and then they try to justify that by saying every ticket sold is given to worthy causes which is great but they might just as well say your lotto this week is 42.5 million cash instead of 86million when in fact you arent actually getting that amount.
kiri ellis kind of a "tax," yes..but really, the state of pennsylvania does not tax winners, as he said. but it's the lottery commission rules: if they took the $86 million divided up over 20 to 30 years [depending on the game and/or the state if it's a 1 state game] then the lottery gives them the advertised jackpot amount [divided into those several years/annual payments], minus federal gov't taxes..but if they want their winnings all at once, then there is what amounts to be a penalty, so they get less monies from the lottery commission..minus whatever the amount, the federal gov't takes [they steal too much of it, imho] in federal taxes. so always federal taxes and state taxes, too - except with states like pennsylvania...and only a handful of other states also do not tax winners but most states do - and it totally sucks eggs.
kiri ellis for those who dont know but play the lottery.... they SHOULD know that the jackpot prize that is advertised is ANNUITY...... in other words... you will get yearly payments (26 annual pymts for mega millions, 29 for powerball i think)... so over the course of the 26-29 years the lottery will basically pay you, with interest, "X" number of millions a year for the set number of years. the culmination of the payments will come out to be about the 86 million. the cash on hand that they use to pay you is the LUMP SUM CASH AMOUNT...... in this case about 42.5 million.... its the same 42.5 million that the lottery is going to use to pay you over the annuity period. So instead of having the lottery invest it for you... you can opt to take that lump sum your self.... minus taxes of course... they dont pay state tax and federal is roughly around 25%... so take home after taxes is approximately 31.8 million.
@@shicruisin7004 17 is 40% from the 42 not of 42. The difference is 25. You didn't even think that one through 17 double would be 35. If you would've thought that way you could've realized that 17 was well above 40% because it is even above 50% (half).
Congratulations 👏🥳👏👏👏 to the winners. I have won the lottery. I trust the universe to deliver what I have won. I am grateful for and ready to receive my gift of financial abundance.
@irepbmore in canada when you win the lottery you have to show up for the press no way around it. then the province you are from puts you in the news paper from every city in that province. If I won the lottery it would be hard and would have to get my name changed. we; my husband and I are the only ones in our city with our last names.
I have seen the girl the older Indian woman on you tube,i have also seen he young lady at cvs. I posted the tickets onFacebook . I justwent back to both storerecently .Again they both denied it . I beard on the news about all the winners. I finaly spokd up.
@@gigiduhermoine890 you pay taxes the following year on the remaining money in Europe. So yes, every income is taxable, but at least you pay taxes only on money that is left after a year.
totaltruth2day I know! I was saying that last week when I looked on the Maryland lottery website. It seems like everyone who wins the big jackpots are over 60 years of age ...
+totaltruth2day the more u play the more u win..elderly people stay home all the time and they have free time to buy it..that's why elderly people have more chance to win than younger ones
So they win $86m.....if they take the cash, they get $42m. What a con! And to add insult to injury, that is BEFORE tax is deducted!! They probably take home about $17m in the end! Won $86m.........actually gets $17...... Where exactly did $69m go....?? America.....
Are you arguing about something that happened 10 years ago? 1) the bearer of the ticket is/are the winner(s). Are you proposing they stole your ticket after you had it and posted a picture online? 2) you are only able to claim for a max of one year.
Congrats in your winnings
Nice to see a winner from PA, there has been a bunch of them in 09.
How is it you win 86 million and the tax is higher than what you get to keep ,and then they try to justify that by saying every ticket sold is given to worthy causes which is great but they might just as well say your lotto this week is 42.5 million cash instead of 86million when in fact you arent actually getting that amount.
kiri ellis kind of a "tax," yes..but really, the state of pennsylvania does not tax winners, as he said. but it's the lottery commission rules: if they took the $86 million divided up over 20 to 30 years [depending on the game and/or the state if it's a 1 state game] then the lottery gives them the advertised jackpot amount [divided into those several years/annual payments], minus federal gov't taxes..but if they want their winnings all at once, then there is what amounts to be a penalty, so they get less monies from the lottery commission..minus whatever the amount, the federal gov't takes [they steal too much of it, imho] in federal taxes. so always federal taxes and state taxes, too - except with states like pennsylvania...and only a handful of other states also do not tax winners but most states do - and it totally sucks eggs.
kiri ellis for those who dont know but play the lottery.... they SHOULD know that the jackpot prize that is advertised is ANNUITY...... in other words... you will get yearly payments (26 annual pymts for mega millions, 29 for powerball i think)... so over the course of the 26-29 years the lottery will basically pay you, with interest, "X" number of millions a year for the set number of years. the culmination of the payments will come out to be about the 86 million. the cash on hand that they use to pay you is the LUMP SUM CASH AMOUNT...... in this case about 42.5 million.... its the same 42.5 million that the lottery is going to use to pay you over the annuity period. So instead of having the lottery invest it for you... you can opt to take that lump sum your self.... minus taxes of course... they dont pay state tax and federal is roughly around 25%... so take home after taxes is approximately 31.8 million.
And they don't get $42m either! That's the amt BEFORE tax! If the tax is around 40%, they took home around $17m only!
@@roxanneworld11 He distinctly said that the $42m amount is BEFORE tax though.......
@@shicruisin7004 17 is 40% from the 42 not of 42. The difference is 25.
You didn't even think that one through 17 double would be 35. If you would've thought that way you could've realized that 17 was well above 40% because it is even above 50% (half).
Congratulations 👏🥳👏👏👏 to the winners.
I have won the lottery.
I trust the universe to deliver what I have won.
I am grateful for and ready to receive my gift of financial abundance.
I am grateful for every day, I am content whether I abuse or abound!
@@shannonhann49 sorry to hear abuse Is a way you achieve being grateful.
Congratulations 😇
I love this old ladies humble
I’d LOVE to see those senior citizen “programs.”
We all already have a lot of practice being asked for money. Winning will make it easier to set up security don’t ya think?
@ericdscheller how can it be a scam when it is only air puching the balls up in the drawings and you can watch it on TV
omg, this guy is just rambling on, lol
lancaster county, shit are they amish??
@irepbmore in canada when you win the lottery you have to show up for the press no way around it. then the province you are from puts you in the news paper from every city in that province. If I won the lottery it would be hard and would have to get my name changed. we; my husband and I are the only ones in our city with our last names.
Very lucky ladies coming into contact with the divine….hope they enjoy their winnings🤞🤞🤞🤞🤞🤞
YES! YES! SUCCESS!!
My name is John Lisa Robinson from the United States. To know more about the Covid-19 funds donations. You are a lucky one to received
wow
I have seen the girl the older Indian woman on you tube,i have also seen he young lady at cvs. I posted the tickets onFacebook . I justwent back to both storerecently .Again they both denied it . I beard on the news about all the winners. I finaly spokd up.
I wish there was no tax's what you win you get ohhh nooo we can't huh gee what a good life in the good old USA huh >..>
In Canada and the Europe you pay "No" taxes...!
@@gigiduhermoine890 you pay taxes the following year on the remaining money in Europe. So yes, every income is taxable, but at least you pay taxes only on money that is left after a year.
UK it’s tax free. Every penny is yours
Disney yes
I only found out about it Wednesday evening. WE ALL found out about it Wednesday evening.🙄🤔😆
i would buy a million more lottery tickets
Ditto
MinoritiesRlazy 😂😂😂
They ask way too much personal info. No wonder so many scams and stalkers are caused by lottery winners info being out.
Congratulations! no more trailer parks for them...
Tonja Gee lol
So when you comin’ out da hood?
I want to become a millionaire
Play lottery 😆
Its a shame that nothing goes to education!
It seems older people wins more than the younger ones the same thing in UK there are more older winners than youn bloke I dont want to win
Older people play more.
totaltruth2day I know! I was saying that last week when I looked on the Maryland lottery website. It seems like everyone who wins the big jackpots are over 60 years of age ...
+totaltruth2day the more u play the more u win..elderly people stay home all the time and they have free time to buy it..that's why elderly people have more chance to win than younger ones
WHO DARES César franco 71@yahoo .com
nunca medieron mi. premio en florida
So they win $86m.....if they take the cash, they get $42m. What a con! And to add insult to injury, that is BEFORE tax is deducted!! They probably take home about $17m in the end! Won $86m.........actually gets $17...... Where exactly did $69m go....?? America.....
did they have it before? no. so not a con wtf
Five and a half minutes of him yapping!
These lottery guys and women, really want to be famous. 🤦🏾♀️
I'm sorry, but the 64 year old lady looks younger than the 53 yr old!
53???! More like 73.
2:30 liar. Switzerland "Lotterie romande" does that as well and since the beginning of time... pathetic
My name is Augusto Cesar Rodriguez. I am 51. I POSTED tbe lottery tickets.
This was so long ago mate give it a rest. You’re lying.
He's so geeked that the state gets that money; like he won. Come on y'all a few for Ohio boost our casinos. So it shall be.
Foolish. I would never reveal my husband name and former job.
So the 2 husbands had an agreement that they would share if either one of them won? That's why the non-winning woman keeps talking as if SHE won this?
I am here waiting. But i think you know me. A couple people are not being honest with me. But i know. If some can help me please do.
Are you arguing about something that happened 10 years ago?
1) the bearer of the ticket is/are the winner(s). Are you proposing they stole your ticket after you had it and posted a picture online?
2) you are only able to claim for a max of one year.