Tue 11 December, 2012 by LottoPrediction , in Lottery News , // Tags:
Tax has always been one frightening thing to have in mind and even there is a big number of business people who become the enemies of the government because they always try to do a lot of things to run away from paying tax. Tax has been a monster and it is not surprising at all because tax, in certain countries, can reach some unbelievable amount.
Dealing with the fiscal cliff, tax hikes and many other government financial rules, lottery winners should be well-prepared. Some winners thought that when they cashed their money they would not be charged that much so they got really disappointed when receiving the prize after taxed. Or, there are also cases when the winners do not know that the tax has increased so highly that the money paid for the tax is even bigger than what is taken home.
A lot of cases might happen and it is the winners’ responsibility to know what the state’s tax will do to the prize. Each state has different rules regarding tax and the lottery winners have just need to obey them. Winning lottery is great and don’t ruin your happiness by grumbling about the tax. Be knowledgeable, be a good citizen and pay the tax if you win the lottery.