No, you’d pay gift tax on the transfer to the trust.

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Apr 30, 2024
12:22:48pm

VenturaCoug Playmaker

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VenturaCoug

Bio page: VenturaCoug
Joined: Oct 1, 2014
Last login: Jun 2, 2024
Total posts: 1,283 (1 FO)

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Messages

Author

Time

Oregon winner of 1.3 Billion has cancer so if he dies what percent does his

Ycrazy

Apr 30, 12:01pm

Taxation for the mathematically challenged

Xenon

Apr 30, 12:02pm

It's a regressive tax.

rcbyufan

Apr 30, 12:03pm

Wait?! The lottery is a rip off?! Who knew!

Baron

Apr 30, 12:07pm

I know it is a rip off but sometimes you see the #'s and you are shocked.

Ycrazy

Apr 30, 2:27pm

Wouldn’t taking the lump sum and then putting it all in a trust

JOPE

Apr 30, 12:08pm

No, you’d pay gift tax on the transfer to the trust.

VenturaCoug

Apr 30, 12:22pm

Lotteries are taxes

Carnac

Apr 30, 12:16pm

The lottery is a tax on those bad at Math.

BostonCougar

Apr 30, 12:42pm

Maybe TNT can finally win it this year and then purchase Cougarboard

TNT

Apr 30, 12:46pm

Wouldn’t you just make your family the lottery winner? Seems pretty simple.

Utefaninenemyland

Apr 30, 1:20pm

He did split it with his wife according to the article.

Ycrazy

Apr 30, 2:27pm

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