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PostPosted: Thu Jul 11, 2019 6:05 pm 
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Location: Connecticut
A good customer of mine comes in today, his brother bought a $10 scratch lottery ticket from the same place I get mine, What does he win? 1 million dollars. I saw the ticket from a pic. Take a wild guess what he takes home after taxes here in the great state of Connecticut, $486,000 :lol: I would still take it!


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PostPosted: Thu Jul 11, 2019 6:12 pm 
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Location: Quebec, Canada
WOW!!!!! Good for him!!! But more than half go to taxes????!!! :shock: :shock:


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PostPosted: Thu Jul 11, 2019 6:32 pm 
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SUSANNA wrote:
WOW!!!!! Good for him!!! But more than half go to taxes????!!! :shock: :shock:

Great state of Connecticut we live in :x


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PostPosted: Thu Jul 11, 2019 6:52 pm 
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That's what I thought...more than half? A million would be easier to share.

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PostPosted: Thu Jul 11, 2019 6:58 pm 
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10 bucks = $486,000 not bad at all, good for him!!

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PostPosted: Thu Jul 11, 2019 7:59 pm 
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Wow , lucky guy :wink:
Deb.


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PostPosted: Thu Jul 11, 2019 8:22 pm 
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wow, that is lucky. I buy them every so often, only $5 ones though.

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PostPosted: Fri Jul 12, 2019 5:28 am 
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"According to the Canada Revenue Agency’s windfall rules, if you win money from a lottery, you do not have to report the winnings nor pay tax on those funds. The CRA has not instituted a cap or limit on these winnings. However, if your winnings earn interest, the interest amounts will be subject to taxation."

I guess I will need to spend it all if I win :lol:

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PostPosted: Fri Jul 12, 2019 6:22 am 
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CT is not alone...if you were to win in any of the other 49 states, I'd wager that you'd barely get 50% of the jackpot in cash.
I remember days long ago when we would go into Quebec and the lottery was clearly marked "Voluntary Tax".
I still play here, but less frequently.

One of the place where I go for lottery was the scene of an armed take-down by Federal marshalls, suspects in a shooting in May. They backed the car into the store (at 3:45 PM). Wasn't there, but that would be my "luck".

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PostPosted: Fri Jul 12, 2019 7:39 am 
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No income tax in NH....only the federal :wink: Exciting news Ronnie...I do wish it had happened to you! :D

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PostPosted: Fri Jul 12, 2019 8:53 am 
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Wow, that's great for him.


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PostPosted: Fri Jul 12, 2019 5:06 pm 
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ronnieb wrote:
SUSANNA wrote:
WOW!!!!! Good for him!!! But more than half go to taxes????!!! :shock: :shock:

Great state of Connecticut we live in :x


You have to wonder what they do with the taxes. NY is just as bad. :evil:

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PostPosted: Fri Jul 12, 2019 8:06 pm 
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Location: CT Shore
That's Malloy and Lamont for you. This state is just ridiculous with taxes. Always a new tax. NEVER cutting spending.

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PostPosted: Sat Jul 13, 2019 7:15 am 
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That's awesome....but it would've been WAY COOLER if it had been you, Ron. :mrgreen: 8) :lol:

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