ST Alpha - "Make sure he saves some, needs to pay the taxes on the winnings. -- nm" (Reading a Post)

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In response to "A friend of mine won 1,000 in the lotto yesterday, then another 400 at the bar playing keno/scratch offs. Then he bought us lots of drinks." by Qale

Make sure he saves some, needs to pay the taxes on the winnings. -- nm

Posted by lileve (aka lileve) Oct 17 '10, 15:01

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Responses:

He had to fill out tax stuff for the grand since he had to turn that ticket in at the office. I could not believe his luck! -- nm - Qale Oct 17, 15:03 3
- Yes but he probably still has to pay the taxes. -- nm - lileve Oct 17, 15:04 2
  - On the smaller winnings? You're *supposed to* if you've got unearned income over a certain amount in a given year, but pretty sure no one ever does. -- nm - Qale Oct 17, 15:07
  - I don't know. Never won. Maybe even on small winnings you pay up front. -- nm - lileve Oct 17, 15:04

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