SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (415009)6/14/2003 8:49:29 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 769669
 
Is there something you'd like to tell us? :-)

No. When you won, you had what tax law calls constructive receipt- -you could have received the money any time after the win and chose not to. Holding the ticket until you would supposedly qualify for long term capital gains doesn't do it.



To: Ish who wrote (415009)6/15/2003 7:32:00 AM
From: JDN  Read Replies (1) | Respond to of 769669
 
Dear Ish: Sadly, Lottery wins are ordinary income, however, if you can arrange for me to win the Fla. Lottery I will SACRIFICE and ACCEPT the ordinary income tax rate. jdn


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News