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Zep

England does it again

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The Euromillions lottery has again been won by some lucky English person.

185 million Euros or $261,869,400 smackaroonies or 161 million pounds sterling.

Me, if I won that amount I'd buy an island or Alaska.

Gone fishing

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What is the tax they have to pay on the winnings?



You're not actually taxed on the winnings, but at the end of the financial year you had better have a
wizz of an accountant or the tax man will eat you alive.

Gone fishing

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What is the tax they have to pay on the winnings?



You're not actually taxed on the winnings, but at the end of the financial year you had better have a
wizz of an accountant or the tax man will eat you alive.



Unless you'd somehow managed to spend eighty million pounds by then I doubt it'd be that much of a problem.
Do you want to have an ideagasm?

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Me, if I won that amount I'd buy an island or Alaska.



Shucks, If I won something like that, I'd buy a new rig!
I'm a jumper. Even though I don't always have money for jumps, and may not ever own a rig again, I'll always be a jumper.

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So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. :P


here in OZ you dont pay tax on the winnings but you do on any interest earned in the fin Yr.
You are not now, nor will you ever be, good enough to not die in this sport (Sparky)
My Life ROCKS!
How's yours doing?

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So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. :P


here in OZ you dont pay tax on the winnings but you do on any interest earned in the fin Yr.


Can't get anymore fair than that!
My reality and yours are quite different.
I think we're all Bozos on this bus.
Falcon5232, SCS8170, SCSA353, POPS9398, DS239

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What is the tax they have to pay on the winnings?



You remind me of what Pat Dodgin (RIP) said to me when he got a skyvan for a week. 1st time I jumped on I said ,"This thing sure is noisy" He replied;"You would complain if I gave you a hundred dollar bill .... because it was wrinkled:

"exit fast, fly smooth, dock soft and smile"
'nother james

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What is the tax they have to pay on the winnings?



You're not actually taxed on the winnings, but at the end of the financial year you had better have a
wizz of an accountant or the tax man will eat you alive.


The Yankee fan that grabbed Derek Jeter's 3000th hit ball and gave it back for a bunch of free stuff including season tickets is looking at something like $12,000 in taxes on that free swag.

Nothing is free. :|
"Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban

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Nothing is free. :|

at least not in the "Land of the Free" :D:D:D


This is not a thread for serious posts even though disguised with smilies.
;):)
My reality and yours are quite different.
I think we're all Bozos on this bus.
Falcon5232, SCS8170, SCSA353, POPS9398, DS239

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i had plans for that money too. i was going to bring say 1000 skydivers to a DZ in the states, pay for all their jumps for a year, accomodation and beer- EVERYTHING for a year as in quit your jobs and come skydive for a year and buy them all a brand new rig. ah well. pipe dreams :P
Dudeist Skydiver #170
You do not need a parachute to skydive, you only need one to skydive again

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So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. :P



I think lottery winnings are taxed differently than regular income in the states. I think I remember hearing it is almost 50%.

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So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. :P

I believe in the UK tax is paid/collected on the 'stake', i.e. there is tax paid/collected from the price of the lottery ticket. So there's no tax paid on the winnings.

You'll pay tax on interest earned on the winnings but that's no different to money you'd have in the bank for any other means.

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I'm thinkin'...

-Shack on my personal island
-Top o' the line chaise lounge with umbrella in the water's edge
-Personal cabana girl that can make excellent margaritas
-Gas-powered blender

What more could a man ask?
My reality and yours are quite different.
I think we're all Bozos on this bus.
Falcon5232, SCS8170, SCSA353, POPS9398, DS239

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I'm thinkin'...

-Shack on my personal island
-Top o' the line chaise lounge with umbrella in the water's edge
-Personal cabana girl that can make excellent margaritas
-Gas-powered blender

What more could a man ask?



I like the way you think,

I'd also buy a Huey and a Casa 212

Gone fishing

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First thing I'd do would be to go out and build a nice brand new wind tunnel in the south west! :D somebody worked out the interest (after tax) was about £2000 a day! :)



there was a guy in the UK who won the lottery last year (50million or so) and he is a skydiver! he had planned to something like that i wonder how its going. ill find the link
Dudeist Skydiver #170
You do not need a parachute to skydive, you only need one to skydive again

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I'm thinkin'...

-Shack on my personal island
-Top o' the line chaise lounge with umbrella in the water's edge
-Personal cabana girl that can make excellent margaritas
-Gas-powered blender

What more could a man ask?



More cabana girls.:|
"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

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