Thread: My friend won the lottery, now he's screwed.
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Old 03-13-2016, 09:21 AM  
slapass
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Join Date: Nov 2002
Location: Earth
Posts: 14,627
Quote:
Originally Posted by Rob View Post
He won $500,000 on a scratch off. They took $180,000 off the top for taxes when he got the money. Since he won, it jumped him into a higher tax bracket, so he had to pay another $43,000 in taxes for the difference. He used almost all the winnings to pay off his house and car, so now he's trying to figure out how to pay the $43k in taxes. Fucked up situation if you ask me.
If 43k is extra tax then he makes 400k a year and the extra 43k is hardly screwing him. He will make that back in saved payments in about one year also.
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