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Dave, Throcks/Lottery Question in the Miscellaneous forum at Todd and Tyler Unauthorized Forums - When I bought a daily lottery ticket it cost me th527 and change. When I won that daily lottery it ...

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Old 06-11-2006   #1
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Dave, Throcks/Lottery Question

When I bought a daily lottery ticket it cost me th527 and change. When I won that daily lottery it says the jackpot was 12,078.00 but I only got 10,870.00. What happened to the other 1,208 throcks? If the answer is tax, how come I have to pay tax to buy the ticket and then also pay tax on the jackpot? That's double taxation.
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Old 06-11-2006   #2
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Re: Dave, Throcks/Lottery Question

That's America..... Contact the IRS.... I'm sure they will be more than willing to help you out!....
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Old 06-11-2006   #3
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Re: Dave, Throcks/Lottery Question

I don't think the IRS will help me, I don't have enough money for them. They only help rich people.
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Old 06-11-2006   #4
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Re: Dave, Throcks/Lottery Question

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Originally Posted by Jasmine
I don't think the IRS will help me, I don't have enough money for them. They only help rich people.
You are wrong!!!! They love screwing the poor!!!!! I KNOW.....
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Old 06-11-2006   #5
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Re: Dave, Throcks/Lottery Question

I think you should protest...no throck taxation without representation...throw all your throcks in the Missouri River! That'll show 'em!
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Old 06-11-2006   #6
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Re: Dave, Throcks/Lottery Question

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Originally Posted by teachergirl
I think you should protest...no throck taxation without representation...throw all your throcks in the Missouri River! That'll show 'em!
What!!! Are you head under nuts????
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Old 06-11-2006   #7
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Re: Dave, Throcks/Lottery Question

Nah...not since earlier tonight...but I think that's "head on nuts", or something like that
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Old 06-12-2006   #8
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Re: Dave, Throcks/Lottery Question

taxation with representation isnt that hot either
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Old 06-12-2006   #9
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Re: Dave, Throcks/Lottery Question

true dat
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Old 06-13-2006   #10
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Re: Dave, Throcks/Lottery Question

Quote:
If the answer is tax, how come I have to pay tax to buy the ticket and then also pay tax on the jackpot?
You're probably right, I'll change it soon so that ONLY the winnings will be taxed, just like the easy to win Powerball jackpot. Sorry about that, must have had my head up my ass.

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Old 06-13-2006   #11
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Re: Dave, Throcks/Lottery Question

Thank you very much! I knew you'd be around one day!!!
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Old 06-13-2006   #12
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Re: Dave, Throcks/Lottery Question

That's fixed, I'll fix the FAQ on that too. The winning lottery jackpot gets a 10% tax, there shouldn't be any item tax on a lottery ticket purchase.
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