Loveless, a retired electrician from Port Byron, won the $ 42.5 million
Lotto prize in November 2015.
To remove the incentives for people to engage in illegal lottery, the 7.5 % income tax on the commission of lotto marketing companies will be abolished and the 5 % withholding tax on
lotto prizes removed.
Not exact matches
Arsenal
Lotto gives you the chance to win huge cash
prizes - as well as raising funds for The Arsenal Foundation, which aims to support and inspire young people in north London and around the globe.
Sure, if you go trad you'll get a big fat check so you'll be able to quit your day job and spend some quality time with the ol' muse... oh, wait, no; if you win Slush Pile
Lotto, your
prize is one third of a pretty mediocre check that may pay a month or two of rent during the six months before the book is done and you get the second third of said check.
John Henry, a retired human resources manager from Mississauga, Ont., and Joan Patterson, a rancher from Desboro, Ont., each won the $ 60 - million
Lotto Max
prize.
Consider the case of the
Lotto Max
prize: «A capital investment of $ 50 - million invested at 4 % yield would result in $ 2 - million in annual income before taxes,» Maiorino says.
Everyone wants to win
Lotto Max's multi-million dollar
prize.
Rigby's life as a contest winner started when he realized that a $ 2
Lotto 6/49 ticket buys you only a 1 in 14,000,000 chance of winning the grand
prize.
The value of a
prize or award is generally taxable, so if you hit the
lotto, Uncle Sam is a winner, too.
I loved my cash refunds, they felt like I'd won a minor
prize on
Lotto.