Zep 0 #1 July 13, 2011 The Euromillions lottery has again been won by some lucky English person. 185 million Euros or $261,869,400 smackaroonies or 161 million pounds sterling. Me, if I won that amount I'd buy an island or Alaska. Gone fishing Quote Share this post Link to post Share on other sites
wayneflorida 0 #2 July 13, 2011 What is the tax they have to pay on the winnings? Quote Share this post Link to post Share on other sites
Meso 38 #3 July 13, 2011 I'm jelly... What I wouldn't do for just 1/1000th of that. Quote Share this post Link to post Share on other sites
Zep 0 #4 July 13, 2011 QuoteWhat is the tax they have to pay on the winnings? You're not actually taxed on the winnings, but at the end of the financial year you had better have a wizz of an accountant or the tax man will eat you alive. Gone fishing Quote Share this post Link to post Share on other sites
jakee 1,489 #5 July 13, 2011 QuoteQuoteWhat is the tax they have to pay on the winnings? You're not actually taxed on the winnings, but at the end of the financial year you had better have a wizz of an accountant or the tax man will eat you alive. Unless you'd somehow managed to spend eighty million pounds by then I doubt it'd be that much of a problem.Do you want to have an ideagasm? Quote Share this post Link to post Share on other sites
kd5xb 1 #6 July 13, 2011 Quote Me, if I won that amount I'd buy an island or Alaska. Shucks, If I won something like that, I'd buy a new rig!I'm a jumper. Even though I don't always have money for jumps, and may not ever own a rig again, I'll always be a jumper. Quote Share this post Link to post Share on other sites
JohnMitchell 16 #7 July 13, 2011 So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. Quote Share this post Link to post Share on other sites
Squeak 17 #8 July 13, 2011 Quote So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. here in OZ you dont pay tax on the winnings but you do on any interest earned in the fin Yr.You are not now, nor will you ever be, good enough to not die in this sport (Sparky) My Life ROCKS! How's yours doing? Quote Share this post Link to post Share on other sites
popsjumper 2 #9 July 13, 2011 Quote Quote So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. here in OZ you dont pay tax on the winnings but you do on any interest earned in the fin Yr. Can't get anymore fair than that!My reality and yours are quite different. I think we're all Bozos on this bus. Falcon5232, SCS8170, SCSA353, POPS9398, DS239 Quote Share this post Link to post Share on other sites
skyjames 2 #10 July 13, 2011 QuoteWhat is the tax they have to pay on the winnings? You remind me of what Pat Dodgin (RIP) said to me when he got a skyvan for a week. 1st time I jumped on I said ,"This thing sure is noisy" He replied;"You would complain if I gave you a hundred dollar bill .... because it was wrinkled: "exit fast, fly smooth, dock soft and smile" 'nother james Quote Share this post Link to post Share on other sites
BillyVance 34 #11 July 13, 2011 Quote Quote What is the tax they have to pay on the winnings? You're not actually taxed on the winnings, but at the end of the financial year you had better have a wizz of an accountant or the tax man will eat you alive. The Yankee fan that grabbed Derek Jeter's 3000th hit ball and gave it back for a bunch of free stuff including season tickets is looking at something like $12,000 in taxes on that free swag. Nothing is free. "Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban Quote Share this post Link to post Share on other sites
Squeak 17 #12 July 13, 2011 Quote Quote Nothing is free. at least not in the "Land of the Free" You are not now, nor will you ever be, good enough to not die in this sport (Sparky) My Life ROCKS! How's yours doing? Quote Share this post Link to post Share on other sites
popsjumper 2 #13 July 14, 2011 Quote Quote Quote Nothing is free. at least not in the "Land of the Free" This is not a thread for serious posts even though disguised with smilies. My reality and yours are quite different. I think we're all Bozos on this bus. Falcon5232, SCS8170, SCSA353, POPS9398, DS239 Quote Share this post Link to post Share on other sites
NealFitz 0 #14 July 14, 2011 i had plans for that money too. i was going to bring say 1000 skydivers to a DZ in the states, pay for all their jumps for a year, accomodation and beer- EVERYTHING for a year as in quit your jobs and come skydive for a year and buy them all a brand new rig. ah well. pipe dreams :PDudeist Skydiver #170 You do not need a parachute to skydive, you only need one to skydive again Quote Share this post Link to post Share on other sites
MX304 0 #15 July 14, 2011 Quote So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. I think lottery winnings are taxed differently than regular income in the states. I think I remember hearing it is almost 50%. Quote Share this post Link to post Share on other sites
AdrianGlave 0 #16 July 14, 2011 Quote So in a sense you do have to pay taxes on it, just like any other income. Top tax rate in the U.S. I believe is 35%. Used to be 75% but the rich people bought all the politicians so now they get all the tax breaks. I believe in the UK tax is paid/collected on the 'stake', i.e. there is tax paid/collected from the price of the lottery ticket. So there's no tax paid on the winnings. You'll pay tax on interest earned on the winnings but that's no different to money you'd have in the bank for any other means. Quote Share this post Link to post Share on other sites
OwenB 0 #17 July 14, 2011 First thing I'd do would be to go out and build a nice brand new wind tunnel in the south west! :D somebody worked out the interest (after tax) was about £2000 a day! Quote Share this post Link to post Share on other sites
JohnMitchell 16 #18 July 14, 2011 Vskydiver and I would be on the road, with our gear, jumping with all our DZ.com peeps. It'd be like an endless boogie circuit. Quote Share this post Link to post Share on other sites
AdrianGlave 0 #19 July 14, 2011 I'm pretty sure you'd have enough left over to build us a tunnel in Texas too. So, thanks in advance Quote Share this post Link to post Share on other sites
popsjumper 2 #20 July 14, 2011 I'm thinkin'... -Shack on my personal island -Top o' the line chaise lounge with umbrella in the water's edge -Personal cabana girl that can make excellent margaritas -Gas-powered blender What more could a man ask?My reality and yours are quite different. I think we're all Bozos on this bus. Falcon5232, SCS8170, SCSA353, POPS9398, DS239 Quote Share this post Link to post Share on other sites
Zep 0 #21 July 14, 2011 QuoteI'm thinkin'... -Shack on my personal island -Top o' the line chaise lounge with umbrella in the water's edge -Personal cabana girl that can make excellent margaritas -Gas-powered blender What more could a man ask? I like the way you think, I'd also buy a Huey and a Casa 212 Gone fishing Quote Share this post Link to post Share on other sites
NealFitz 0 #22 July 15, 2011 Quote First thing I'd do would be to go out and build a nice brand new wind tunnel in the south west! :D somebody worked out the interest (after tax) was about £2000 a day! there was a guy in the UK who won the lottery last year (50million or so) and he is a skydiver! he had planned to something like that i wonder how its going. ill find the linkDudeist Skydiver #170 You do not need a parachute to skydive, you only need one to skydive again Quote Share this post Link to post Share on other sites
NealFitz 0 #23 July 15, 2011 http://www.lottery-winning-wizard.com/2010/02/euromillions-lottery-winner-to-open-skydiving-center/ hmm i remember when the BPA magazine went to press (either feb or april 2010 edition) he had 700 jumps.Dudeist Skydiver #170 You do not need a parachute to skydive, you only need one to skydive again Quote Share this post Link to post Share on other sites
ryoder 1,590 #24 July 15, 2011 Quote I'm thinkin'... -Shack on my personal island -Top o' the line chaise lounge with umbrella in the water's edge -Personal cabana girl that can make excellent margaritas -Gas-powered blender What more could a man ask? More cabana girls."There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones. Quote Share this post Link to post Share on other sites
pincheck 0 #25 July 15, 2011 sorry to disappoint guys but it was a Scot who won it, will be taking begging requests later Nah from Falkirk and will be going public this afternoon, if it was only me Billy-Sonic Haggis Flickr-Fun Quote Share this post Link to post Share on other sites
