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Newsgroups: misc.consumers.house
From: zill <frwoody1...@hotmail.com>Date: Tue, 20 Oct 2009 08:05:23 -0700 (PDT)
Local: Tues, Oct 20 2009 11:05 pm
Subject: tax on interest
Does any know what the percentage of taxes that you have to pay on the
interest earned for lottery winners?
Thanks all.
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Newsgroups: misc.consumers.house
From: "JR Weiss" <j...@invalid.invalid>Date: Tue, 20 Oct 2009 23:14:17 +0000 (UTC)
Local: Wed, Oct 21 2009 7:14 am
Subject: Re: tax on interest
zill wrote:
> Does any know what the percentage of taxes that you have to pay on the
> interest earned for lottery winners?
Interest is taxed as normal income, regardless of source.
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Newsgroups: misc.consumers.house
From: "terrable" <terra...@terrable.net>Date: Tue, 20 Oct 2009 20:50:36 -0400
Local: Wed, Oct 21 2009 8:50 am
Subject: Re: tax on interest
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Newsgroups: misc.consumers.house
From: zill <frwoody1...@hotmail.com>Date: Thu, 22 Oct 2009 19:32:02 -0700 (PDT)
Local: Fri, Oct 23 2009 10:32 am
Subject: Re: tax on interest
On Oct 20, 7:50 pm, "terrable" <terra...@terrable.net> wrote:
lottery winners can earn 3.5% interest from a normal bank account, but
if invested right they can earn 8-10%.
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