No tax on winnings in Canada either

Only for the first financial year afterwards. You have to pay tax on the winnings and any interest accrued after that.

Same in New Zealand

@Dawn King Can everyone write off the cost of the tickets and other gambling? Or does the government suck and blow at the same time?

The winnings in Australia should be increased. A million dollars is great but 50 years ago it was a million and it could go further back then.

🤣🤣🤣

wile my frend didn't win a lottery hes was self made millions. he drove a 1998 dodge truck and lived in his original farm house. you would never know he had money.

@@gogereaver349 my partners bestfriend and roommates a family heir of Safeway somehow, his grandpa or something. He is the cheapest bastard we know. He wont even buy new knives but he often goes to fundraiser dinners where its $5k a plate

who bought it? Gates? he's been buying up land like crazy since 2018

He found him som hot legs and said forget all that farmin and ranchin .. this is bullshart!! .. im headed to Canada for them cans lol

He is now digging and plowing his gf.

Well, with all due respect, he BUILT the ranch from nothing, so he had a LOT MORE MONEY IN IT than the "original investment." How much more, we will never know. That said, nevertheless, real estate is USUALLY a very smart investment.

I'd bet Bill gates bought it ;) 99%

That definitely sounds like a rip off

@@kaydencefreeman6043 It is. The government took more than half of their winnings! That is ridiculous.

@@lottonthewizard4352 that is the great thing about the uk and euro lotteries . they are tax free .

@@8ballphil150 Which is great, what's the point of winning the lottery if most of it's going to get taxed?

​@lottonthewizard4352 how is it a rip off? That's $75 million. You're set for life 20 times over. No one should have all their lottery winnings at that level

People act like winning the lottery is cursed and oh so hard. Poor them. No...just don't be a dumbass.

It's nice to see winners who were not irresponsible nitwits.

Two of them were young, but they were smart and put the money to their education.

Absolutely!

😂😂

sameeee lmao

Same

🤯🤪💯

Same

He's not the only winner who split money to his girlfriend.

Straight up robbery when you consider that the winners are paying taxes on everything else in life and paying money over and over just to play the lottery in the first place. The tax should be only a nominal amount, if that.

It depends on where you live ... Each state is different

I would just go for the annuity even though it takes 30 years to get the entire thing you get millions every year

Not in Canada, we don't get taxed on lottery winnings

@@kricekr1 depends on how long you have to live

So did those who blew it all. Time is what changes people.

@BlackGoddes 1 2 Sounds like a good story. Wats the Link , or weres article

Why did he only buy 6 if his intuition told him to buy 7? Or if he did buy 7, then he would have won all 7 unless he did different numbers for the 7th OR was it just a typo when you said 7, lmao

@@sophritoh he bought 7 tickets! And won 6 out of the 7!

@@blackgoddes1286 How is it possible.? Buy 7 tickets with the same numbers and won 6 of them? He had to win 7? 🤔

@@youtubevideo7086 how about you ask him that🙃

That’s the states for you.

But billionaires can gifted themselves money as prizes to avoid taxes. 😂😂😂😂😂 America is one greedy country.

In America, you get taxed for everything. Especially if its prized money.

You either pay the tax when buying the ticket or it comes out of the final amount .

No thats getting born.

Yep, no point of winning if you are not alive to spend it.

Tell that to people living in the streets or going days without eating

That's the difference between who wins and who doesn't. They TRULLY believe they are the lucky one that's going to win it. Dont even put it out there your not lucky

Lol. True

What an original thought lol

I beg to differ, some learnt from their mistakes, went broke, and start appreciating new opportunities, peace

that is so true, and sadly it's usually those that already have money know how to handle it, especially those that earned it themselves. GL

Exactly 100% what I would do. Go back to the Ozarks, and buy some land and a cabin and live there with my dog. I'd adopt and name the dog "Lucky". And a jeep, 'cause the road to the property would be long and rough.

You can do it without buying a huge land. You can move to the nature. Be brave!

Through

I cant when I have a 4 year old and I'm a single dad with a crazy baby mom who has 5% cusdody. But would absolutely try and take cusdody if I moved to the woods like that. Unfortunately.

yeah i had a wife like that .. lucky for me i never won the lottery

I seriously wonder if the Golddigger Ex Wife has any of that $$$$$$ today… Now She is a moving target for a schemer

I wish we could here in Alabama

How does he plan to spend his $5?

@@arganiaspinosa9122 😂😂

When I win I am going to set up an office where I can research and receive all of the bills I could never pay and start sending the payment to each entity. I will make some investments so that I can have income as I age and not have to rely solely on Social Security. I will get some rest and visit family and friends I could never visit in the past (because I was working extra jobs or attending trainings for my millionaire former bosses) I will tip all my servers, tithe to my church and other churches that helped me when I was homeless, and donate to the adult literacy program near me. I have thought about it so many times and even looked up specific addresses and how to manage it all and who to contact to be on my team. Now it is just a matter of the numbers finding me on the right ticket on the right day...

Yeah American maths at work

Taxes

Congratulations and God Bless!💜

Can you bless me!!

💎🕊️✌️🖖🫂 Eternal-Blessings 💖 AND🕯️Shalom-Shalom Alekhm 🪔; 🌠 ☄️ 🌝 DO Continue To Have THE Utmost of Blessed AND Highest of Favoured anno Domini 2023, For You AND ALL of Your Connections, TOO 😀 👍!!!!!!!!!!!!!!!!!! 🥳 🎊 🥧 🌟

yea but most of it goes into the pockets of the people who run the charities

God bless you, you're an amazing person. "I get to bless the ones around me" is exactly my mindset if I was ever granted a large amount of money.

Exactly!

Yes. People have addictions and gambling of the Lottery all the time is just that.

Don’t feel offended, feel human. It’s common.

Lol

Also maybe purchase some food franchises

That’s American taxes for you.

Id be filing all kinds of business expenses BEFORE they take it out.

@@DeborahElliott-mh5ru AND for that reason I’d take the annuity and form a trust. But Id also never play the lottery 😅

It’s still money u didn’t work for .. Even if all u got was 1 million, ur still better off

Right 🥲

🎉🎉🎉🎉🎉 you are the best lottery winner 😅

I am becoming pilot after I win.

@@HeartNDagger18 Good for you.

Ikr, 20k is about what I made back in 2016 full time, minimum wage in Canada 11.40 an hour

$20,000 in 1993 is equivalent in purchasing power to about $42,310.17 today if he worked 2 semesters a year that's $84,620.34 a year... some of these people probably just have spending/lifestyle problems

​@ShroudedPhoenix And he got spring and fall break, 2 weeks for Christmas, summer and every holiday off.

you better calculate how much it takes

@@rivenoak Exactly. Number 1 reason lottery winners go broke. They can't say NO to family members.

you have already won the lottery .. your alive !!😋

well one thing I can assure you is that you're lucky because you're still breathing now.

YOU HAVE A GOLDEN HEART. CARING TO OTHERS. MAY YOUR LUCY IS NOW.

@@donquijote7463 Thank you. Same goes to you :D

​@@donquijote7463 😮

😮 12:00

me

HE... He.. he. Perfect statement. But no other statements? Maybe honesty isn't for you after giving it a try? All in humor, as I'm just busting your bills, sorry; balls. Lol. Only me and you will know. Take care George, this was just satire, as I don't even know you. Especially well enough to get that close to knowing your motives, huh? Creepy.

::T⃨h⃨a⃨n⃨k⃨s⃨ f⃨o⃨r⃨ w⃨a⃨t⃨c⃨h⃨i⃨n⃨g⃨ .... D⃨M⃨ o⃨n⃨ Ṭ∙̣∙̣Ẹ∙̣∙̣Ḷ∙̣∙̣Ẹ∙̣∙̣G̣∙̣∙̣Ṛ∙̣∙̣Ạ∙̣∙̣Ṃ L⃨e⃨t⃨’s⃨ t⃨a⃨l⃨k⃨ M⃨o⃨r⃨e⃨ 📨 ➕𝟙5̴6̴2̴3̴5̴4̴3̴8̴1̴0̴...★★★★★★★★★★★★★★★

Me too!

Tax write off

@@THAT2V Seriously? That's the only reason to you?

I bet they were among the happiest of all lottery winners. I have never ever bought a lottery ticket, but I know if I had bought one and won big, I think the happiest thing you could do is to give most of it away, keep enough so that you’re secure, but more than that really isn’t necessary. They say that giving makes you happier than receiving & I honestly do believe that.

makes it worth it to hear, that they deserve it so much

@@THAT2V taxes were already collected on the money

Hi... Thanks for watching and always supporting this channel. D⃨M⃨ o⃨n⃨ Ṭ∙̣∙̣Ẹ∙̣∙̣Ḷ∙̣∙̣Ẹ∙̣∙̣G̣∙̣∙̣Ṛ∙̣∙̣Ạ∙̣∙̣Ṃ L⃨e⃨t⃨’s⃨ t⃨a⃨l⃨k⃨ M⃨o⃨r⃨e⃨ 📨 ➕𝟙5̴6̴2̴3̴5̴4̴3̴8̴1̴0̴...★★★★★★★★★★★★★★☝️☝️☝️

I'll definitely invest my lottery winning in multiple streams of investments such as: ETFs, currencies, treasuries, bonds and my sports apparels business.

Me and you brother 👊😁🙏🇺🇸😎

I don't think he cares very much whether it's 50 million or 10 million, it's still a lot of millions.

Yeah, what tax rate are they using? 😮

@@robertruge2916 so the tax is 65%? That's rather high

@@amberty2002 He took the lump sum so he got 125M. If he wanted the full amount he could have it over the course of 29 years. He paid 40M in taxes which comes to 32% of 125M - about 7% to the state and 25% to the federal government.

He took the lump sum so he got 125M. If he wanted the full amount he could have it over the course of 29 years. He paid 40M in taxes which comes to 32% of 125M - about 7% to the state and 25% to the federal government.

Isnt there 52 weeks in a year? 4 weeks you are on vacation,so 48 k ! Whats the problem?

Lol let’s assume it’s the taxes on it😂

52 weeks in a year

?

In California you cannot keep a secret. Some states they announce the winner and you have no choice.

Hi... Thanks for watching and always supporting this channel. D⃨M⃨ o⃨n⃨ Ṭ∙̣∙̣Ẹ∙̣∙̣Ḷ∙̣∙̣Ẹ∙̣∙̣G̣∙̣∙̣Ṛ∙̣∙̣Ạ∙̣∙̣Ṃ L⃨e⃨t⃨’s⃨ t⃨a⃨l⃨k⃨ M⃨o⃨r⃨e⃨ 📨 ➕𝟙5̴6̴2̴3̴5̴4̴3̴8̴1̴0̴...★★★★★★★★★★★★★★★★☝️☝️☝️

They took the lump sum not the jackpot Lump sum a one time payment that is less than jackpot

Yes, you can. Use your winnings to invest in income producing property. Or buy a McDonald's (or other successful fast food franchise). No, don't work it. Hire a manager, 2 assistant managers, etc. to run it for you.

why when they have millions of suckers that do it for them.

Well you have a choice of taking a lump sum which is usually about half the pot and then you pay taxes on it.

How about some good buds, I vote you grow buds and let everyone pick them.

Lol!! ... Dont die on me!

Thank you, I love you too ♥️

👍

Thank you

God doesn’t work that way. Not even close.

@@Encourageable I think you totally misunderstood what I said. Since God has already created everything and given us all He is and has, all infinite possibilities, then I believe that makes me a multimillionaire or more likely a gazillionaire. I'm not asking Him to do anything. He's already given me all.

@@bodaciousburgundy self-deception really had you.

@@xingli4139 Watch me!!!

@@bodaciousburgundy Your attitude is correct IMO. A conversation with you sounds much more appealing than having one with the negative nannies who commented before. I know you already understand that, but you don't have to hear only negative things from strangers. Take care kiddo