RE: If you won the lottery.....
November 6, 2018 at 10:47 am
(This post was last modified: November 6, 2018 at 10:47 am by BrianSoddingBoru4.)
Quote:You stick it in the bank -- and by the wonders of compound interest - in 20 years or so you' re back up to 5 million. Minus what they take on the interest you earned..
That's right - you pay tax on money you already paid taxes on.
Actually, you're not. You're paying taxes on the earned interest, which is new money.
Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson