Britain and the United States have successively launched a billion -level award, but taxes and fees are also astronomical numbers.
Author:Pole news Time:2022.08.02
Jimu Journalist Hu Li
Intern Zhang Tianzheng
According to BBC reports on July 30, a lucky lottery ticket purchased by a lottery in the United States won 1.337 billion US dollars (about 9.058 billion yuan) bonuses. This is the second largest "super million" bonus, the third largest lottery bonus in the United States.
However, this bonus is accompanied by a quite amazing tax bill at the same time. The last money won by the lottery winner may only be 60 % of the original bonus.
American lottery bonus installment payment
Recently, the British and American countries have continued to start the sky -high lottery awards. On July 20, a British person who bought lottery tickets won 195 million pounds (about 1.619 billion yuan) awards. Amount. On July 29th local time, Illinois in the United States launched a $ 1.337 billion super prize.
"Super Million" lottery (picture source: BBC)
However, unlike the one -time payment bonus of the Chinese lottery, the US lottery bonus can be received at one time, and the prize winner can also choose to receive 30 times in 29 years. Regarding the term of the prize, each state is different, some are 90 days, some are 180 days, and some are 1 year.
U.S. lottery bonuses are high
According to relevant laws and regulations of China, the starting point of taxation for lottery tickets is 10,000 yuan, with a tax rate of 20%. The US lottery bonus needs to be paid twice, once to the State Taxation Agency, and to the state government where the winner is located.
Under normal circumstances, the IRS will deduct 25%of the bonus tax. In addition, according to the local laws of the state where the winner is located, the state government will levy taxes and fees ranging from 2.9%to 8.82%. However, the nine states of Alaska, Florida, Nevada, New Hamplon, South Dakota, Tennessee, Texas, Washington, and Wyoming are not levied on the state income tax. However, because the highest federal marginal tax rate is 37%, the winner of the lottery may need to pay more taxes when paying taxes.
In other words, if a lottery winner won the $ 830 million award, it may only be $ 490 million in the end. The 340 million US dollar tax is already astronomical for many people.
National Super Million Awards (Picture Source: Associated Press)
Being charity is the best choice for tax avoidance
According to the American Certified Public Accountants Association, a way to reduce taxes is to be charity. The lottery winner can donate up to 60%of the post -adjustment income to public charities or foundations, so that the tax reduction and exemption of donations that year can be obtained. The winner of the lottery can also create a private foundation to donate income to it, and then decide how to use the money.
Some netizens commented: "Although the probability is only one of 302 million, if you really win the prize, remember to set up a professional team to help you handle tax issues, including lawyers, financial consultants and tax consultants!"
Some netizens said: "I want to have this lucky burden."
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