Tough Legal Question about Lottery Tax. Serious Posters plz
Posted: Sun Apr 10, 2011 7:51 am
Each person in a group of six, including John, want a super computer, but none of them wants to spend $60,000 for it. So they decide to do the following:
-Each person, including John, picks a different number ranging from 1 through 6. John picks #5.
-The group raises $60,000 by having each of its members pitch in $10,000.
-They roll a dice (Outcome: 5).
-John wins the super computer.
1. Is there a legal way for John to avoid paying lottery taxes?
-Each person, including John, picks a different number ranging from 1 through 6. John picks #5.
-The group raises $60,000 by having each of its members pitch in $10,000.
-They roll a dice (Outcome: 5).
-John wins the super computer.
1. Is there a legal way for John to avoid paying lottery taxes?