Quote:
Originally Posted by Jean-Francois
Is lottery in UK like Canada, you get the amount tax free in 1 lump sum?
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How the hell do they make that work and why in the hell doesn't the US do it that way.
In the Florida Lotto you get taxed on 20 year payments of the total amount or get taxed on a REDUCED 1 lump sum. I think you even get taxed twice on the lump sum.
Also where does the remainder of the lump sum go? Doesn't seem to go back into the jackpot and it doesn't seem to go to the school system which is how they sold the idea of having a lotto in the first place, to generate money for the schools.
It's screwed up and exactly the reason I refuse to let them give me an opportunity to win an insane amount of money
