Hive For The Holidays!

[Dog Moon]

Assuming American tax laws, the taxes should be the same. It's just normal income taxes, and the 35% bracket is the highest it goes, and starts quite a bit below $10 million.

Eh, it may start quite a bit below 10 million, but I'm POSITIVE it's WAY about 25k. So I wouldn't really know anything about that, sadly.

 

[hafrogman]

Eh, it may start quite a bit below 10 million, but I'm POSITIVE it's WAY about 25k. So I wouldn't really know anything about that, sadly.

Heh, I think you'll find you're closer to it than 10 mill. I think it's something like $250,000 $357,701 (approximately). But honestly, I'm in no real danger of finding out soon, either.

 

[Dog Moon]

Heh, I think you'll find you're closer to it than 10 mill. I think it's something like $250,000 $357,701 (approximately). But honestly, I'm in no real danger of finding out soon, either.

If that's the case, he would have had to have bought 308 tickets in order to make sure he was in the slightly worse taxation rate, which WOULD be worth it even if the difference was only 1% difference, but seriously, who would buy 308 tickets of the same number in hopes to make sure that IF you win, you split it 308 ways to make sure you're in the lesser tax bracket?

 

[hafrogman]

If that's the case, he would have had to have bought 308 tickets in order to make sure he was in the slightly worse taxation rate, which WOULD be worth it even if the difference was only 1% difference, but seriously, who would buy 308 tickets of the same number in hopes to make sure that IF you win, you split it 308 ways to make sure you're in the lesser tax bracket?

No, no, no. My earlier point was that the winnings are not taxed separately from your income. I think they take it out before paying you, to make sure it gets paid. . . but, if you won 110,000 different $1,000 prizes, you'd be paying tax on an income of $110,000,000.

P.S., for your own reference, you're nowhere near the top tax bracket, but be sure to never earn between $32,551 and $36,890. You're only $7500 from the 15% - 25% jump. Once you hit that point, you need to earn another 4k just to break even.

 

[Dog Moon]

No, no, no. My earlier point was that the winnings are not taxed separately from your income. I think they take it out before paying you, to make sure it gets paid. . . but, if you won 110,000 different $1,000 prizes, you'd be paying tax on an income of $110,000,000

Oh yeah. Duh. I freaking knew this. I deal with payroll... Guess I haven't had enough caffeine yet this morning afternoon.

 

[Relique du Madde]

Oh yeah. Duh. I freaking knew this. I deal with payroll... Guess I haven't had enough caffeine yet this morning afternoon.

I'll give you a buck on tuesday for a 10 dollar raise today.

 

[Dog Moon]

I'll give you a buck on tuesday for a 10 dollar raise today.

Okay, let me add Relique du Madde to the payroll. I'm gonna need your address, social security number, allowances claimed, married status and date of birth.

 

[Relique du Madde]

Okay, let me add Relique du Madde to the payroll. I'm gonna need your address, social security number, allowances claimed, married status and date of birth.

1234 Your Street Rd
Your Town, California, 92647

123-45-6789
Undisclosed
Single
Secret

 

[hafrogman]

1234 Your Street Rd
Your Town, California, 92647

123-45-6789
Undisclosed
Single
Secret

I'm not certain that all this information is legitimate. Better run him through E-verify to be sure. Check he's not one of them illegals.

 

[Relique du Madde]

I would have gotten away with it too if it weren't for you kids and your pesky frog too!