Yes, the lottery winning is considered a capital gain and taxed. Some casinos take the tax out of the winnings when you cash out and leave.

I just want to know who and where are the 47% who don't pay taxes???
:hmmm:

Now I'm not a smart politician and don't travel that circle.........
But I ain't met no one what don't pay taxes to Uncle Sam!
That's what us 'low life' talk about most.
Payin' taxes and gettin our butts handed to us.
:nope:

So Mitt? Who's the 47% bitch?

Leaving the country doesn't really work for most Americans when it comes to tax
.
It is clear who Romney is talking about, those couple of hundred on over $77 million a year who didn't actually have any income to tax, those 20,000 on over $200k who somehow failed to get any income, oh and some pensioners to make up the bulk of the rest...bloody leaches the lot of them you can be sure they are gonna be voting team D which is why Romney doesn't care about those people.

It amazes me how such a plank can manage to get through the primaries.
Then again there was a lot of crazy people both standing and voting.

Couple hundred and 20,000 don't equal 47%
so the pensioners make up the bulk of the 47%?

What kind of math or what kind of madness figured this out?
:hmmm:

Oh, wait........... Some idiot running for office had one of his flunkies come up with numbers that scare people.

MITT!! Watch the string closely!! See how it sways in the window?
Dumb arse!
:nope:

No stranger than your idea that our nation could somehow pay for over 300 million peoples food, shelter and medical attention.

I mean if we can i'm wasting my time going to work every day...

Well,the sentiment over here is pretty much anti-Israel and pro-Palestinian and pro-Islam/Arabia, so no, I do not really know what you mean. Or do you mean the American Christian right? I then would say I also am not really in knowledge about their real attitude towards Israel - as a religiously motivated factor - as well. In general, the Western attitude in my view is pretty much turning against Israel, since many years, and deep-rooting antisemitism never has gone away in all of Europe anyway. It was well hidden only.

That's a bit tough...here in the UK the winnings are tax free but once you take them out of a current account and make investments you pay tax on the interest.

Although I don't suppose that would be a major concern to someone who has just come into a mega sum of money.

I had a friend that won quite a bit. When he cashed in the state tax was figured on the spot and taken. Federal tax depends on the person making the claim at tax time. April 16th each year. You can imagine that does not happen for the small time winner. The mega-million winners are obviously scrutinized.

I doubt that'll ever happen to me then :)

Actually, I believe there is a misunderstanding about lottery winnings. The OP about lotteries was responded to by a situation regarding a "casino". If the original question was about the various US single state and/or multi-state lotteries (MegaMilions, PowerBall, etc.), the winnings are usually untaxed by the states sponsoring the respective lotteries, e.g., if you win a main prize in the MegaMillions lottery, the particpating states do not assess tax on the winnings. This is done to encourage participation in the lottery. However, if you win a main prize, the payout is over a period spanning several years (varying from 25-30 years, depending on the states), as sort of an annuity. If a winner opts for a total cash payout, the winings are decreased by approximately a quarter to a third of the total. The reasoning for this is that the lottery would be out the potential interset to be earned on the principal amount if you had elected to have the winnings paid out over many years...

In all cases, however, the US federal taxes apply, so even if the states don't dun you, the IRS will...

...

Great thanx....and lolz

It is so easy it is sad these are the ones that get all the cheese.Simply get yourself a lawyer who will have a doctor either completely create or greatly exaggerate an illness to a level that makes you eligible for the type of benefits that you seek.Most of the time the lawyer wins the case because it is their bread and butter they know what to say how to game so that you win.There are law firms all over the US that specialize in this.

I have also heard (this may not be true) that if you have things like ADD ADHD you can claim that this keeps you from working making you disabled.This is funny to me because I have ADD and take no drugs I just deal with it I honestly think that it makes me a better worker because I am focused on getting the job done and keeping myself busy yet some people use it as an excuse not to work.

It must be a mentality that is common because when I was separating from the military a VA rep told me that I simply had to list three or four times that I ever went to a clinic for a non scheduled reason(so not for the annual) and they could possibly give me 10% disability I said that I do not need 10% disability for things that have no long term effect on my health.

The others that is probably lack of education lack of any learned work ethic so they have no desire to improve themselves.

Or the smallest number become ultra wealthy.

Not so fast. Before we start making assumptions, lets look at demographics.

http://www.theatlantic.com/business/...matter/262506/

So if you want to pin this on non-elderly people able to work but laying around with no job at all and soaking up the government benefits, you're really looking at around 8% of the population.

This 47%, are these the folks that cling to guns and religion? :hmmm:

It's not strange to someone who lives in a union, consisting of 500 million people, which does this.
and: you guys over there do it, too - see my next reply:
My guess is that you want a better life quality than buying your meals from food stamps, living in a project or being forced to go to the ER for medical care.
All these are things that are paid/subsided by tax money. I am not talking about quality or quantity, that's a whole other topic worth discussing.

I'm talking about that basic human needs that should be covered. To me, education is also one of those. Covering the basic needs, that would really mean to level the playing field. If people want better food than ramen, then they should get their asses up and do something about.

I also think that a social net that's worthy of its name, would significantly reduce petty crime and all the costs that are associated with it.

You said everyone should have a right to those things. I'm saying that no nation or union could ever afford to give those things to everyone. As for education that is already paid for. I know because I have to pay for it through my property taxes. I suppose you want me to pay for college too?

I wonder what percentage of companies don't pay taxes?

Language, mate. You can disagree, but watch the language.

People pay all different kinds of taxes.... But specifically regarding income taxes - you have people who have deductions or credits that are larger than their tax liability. Childcare credit, Earned Income Credit, etc - can add up to a few thousand dollars at least. Now, if a couple make 30k a year and has 3 kids and spends $1500 in child care a year, guess what - they not only don't owe taxes - they get money BACK over and above what they put in. In fact - they could do the W2's so that there is NO deduction for income taxes and they STILL would get a "refund" at the end of the year.

Roughly 42% of taxfilers in 2011 fell into the above type situation - where their deductions and credits were equal to, or higher than - their tax liability. Thus, they (net) paid nothing or got a refund, thus making money off the tax system. This doesn't count the additiona' "freeloaders" that make up a much smaller segment - but are somewhere between 5%-8% as addressed above.

So the 47% is not just some "made up" number. Check the IRS data....

There is no reason to get defensive.

The numbers are real, or close enough its 46.4%.
The story about them is rubbish though, its not new rubbish as several people on here have trotted out the same meaningless line during the past year, often again and again even though it is meaningless.
I suppose its the same as with any scare story, you get a "oh my gosh" which if followed by thought turns into "oh so thats it" which then goes to "ain't he a prat for trotting out that rubbish".
Though of course unless the process goes into the "thought" stage it can get stuck in the "OMG" phase which is why politicians love to try the rubbish because they know a lot of people don't bother to think.

None. Non-profit organizations do not pay taxes.