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Blargh, lottery

Chu

Banned
Someone owes me $300 or so for services. They handed me a lottery ticket worth $1K. Now I gotta figure out how to get to DesPlanes to cash the thing, but the $700 for a 6 hour trip will be well worth it 😀

-Chu
 
Ever seen "Matchstick Men"? I don't know if it is the same for you but in Washington you would have to pay taxes on it, about 30%.
 
Originally posted by: azazyel
Ever seen "Matchstick Men"? I don't know if it is the same for you but in Washington you would have to pay taxes on it, about 30%.

The taxes really arn't as bad in illinois apparently. $30 on $1000 in a 'lottery tax,' but you also have to file it as income of course. Then again, for prizes $5K plus they take out both the lottery tax and the state taxes right there - and give you some tax form to prove you've paid x% tax on it. Wonder what happens if you loose the form . . .

-Chu
 
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