Guys keep it cool one step at a time first lets see someone should win, and the winner should be a ddfer, and of course yesitsme, then w'll argue how to deal with it. in the meantime there's no winner let alone ddfer.
Can I change my nic to noitsme?
I'd take the lump sum and invest it unless you're concerned about money management and blowing through the money quickly. The rate of return is low in the annuity option. You can make more yourself.
Which Gender would you use?
Where can I get a scale? i'm afraid its 50/50How about non of above, Crazy
Where can you make more than 3.5% with zero risk?Also don't forget to factor than the annuity option gives you time to move to a no income tax state.
1. If you have that kind of money you'd be stupid to invest it all in high quality bonds (though there definitely are ways to get 30 year rates of around that amount with similar amounts of risk). You should be investing in a more diversified way. You have options with the lump sum. Though again - if you aren't disciplined enough to save and invest wisely, the annuity is a safer option. 2. Are you sure that's true? I'm pretty sure you'd pay taxes to the state you purchased the ticket in regardless of where you move to. What you're saying may work out if you buy lottery tickets from states like DE, but most of us don't travel to buy tickets so that if we win we'd save 8%.
First of all, it should go by where you live, not where you buy it.Second of all, why would you pay taxes on future earnings from a annuity to where you bought the ticket or where you live now? The first payment might go to NY if you live there, but if you move to FL next year why wouldn't the next 29 payments be state tax free?
Q: I won a prize in a New York State Lottery drawing that was held while I was a resident ofNew York State. I moved out of New York State before I claimed my prize. Later that sameyear, I came back to New York State just to claim my prize payment. How does my changefrom a resident to a nonresident affect my New York State income tax obligation with respect tothe lottery prize payment that I received as a nonresident? Do I still have to pay New York Statetaxes? A: When you change your status from a resident of New York State to a nonresident ofNew York State and are entitled to receive a prize payment from a lottery prize won whileyou were a resident, you must pay New York State income tax on the payment(s) you areentitled to receive, even if the prize payment is received during the nonresident period of yourtax year. As a part-year New York State resident, you must file Form IT-203, Nonresident andPart-Year Resident Income Tax Return, and include in New York source income the amount ofthe prize payment received.
Of course speak to a tax professional if this becomes relevant to you, and I suspect not all states handle this the same way, but:https://www.tax.ny.gov/pdf/publications/income/pub140w.pdf
Note that it doesn't make a difference if you claim the prize after you move. Also, the kicker is you have to pay NYC tax if you were a resident of NYC when you were entitled to the prize even if you move afterward. So if you think you may win, try to make an argument that you actually changed residency right before purchasing the ticket. Maybe they'll buy the argument that your purchase was "al minas" that you would change residency limafreia after you win.
Your link doesn't talk about future payments in years where you had no residency - only payments in years you lived at least partially in NY.
In the case of a prize that is payable in installments, you must file Form IT-203 for each future taxyear that you receive an installment payment.
First win :)then worry about taxes.
I am making a DDF group for $20 a spot 20 people Max please PM if interested
I'll join a group of 10 or 20 where everyone splits one ticket
I think you should buy a ticket for the people with Top 10 Hts to split if you win
They've already been rewarded
