Lottery Winning Fees?

Lottery Winning Fees?

Postby addamson » Tue Apr 19, 2011 12:07 am

Lets say someone won 10,000,000 from playing the lottery. What would be the best way to claim most of that money,because of taxes and fees applying in chicago, and what would you be able to keep?
addamson
 
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Lottery Winning Fees?

Postby jarrod21 » Tue Apr 19, 2011 12:08 am

Lets say someone won 10,000,000 from playing the lottery. What would be the best way to claim most of that money,because of taxes and fees applying in chicago, and what would you be able to keep?
You make no sense. You'll claim it is an income, and you'll pay your taxes.

What does "applying in Chicago" even mean? What fees are you talking about?
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