Someone in Michigan, USA, won the grand prize of $65.438 billion! Do I have to pay duty on this?

There are always people who like to get rich overnight, but not everyone can master the methods and measures of getting rich overnight. The main purpose of most people to buy lottery tickets is not to become millionaires, but to satisfy their desire and pursuit of money from a certain aspect of life. If someone always wants to make a lot of money by lottery, then this person is doomed to be mediocre, because he has not put all his energy and efforts into other aspects of life. A resident of Michigan, USA, won a billion dollars prize. I think it needs to be taxed. No matter in China or the United States, people who win lottery tickets have to pay some money as tax. The United States will distinguish the taxes of different States, and everyone has to pay personal income tax. The two add up to a lot of expenses.

Although the personal income tax is very high, there are still many people who spend a lot of money to win the lottery.

Everyone wants to achieve higher achievements and ambitions, and most people will improve their self-worth through the right channels. Although winning the lottery can make you happy for a while, not everyone can get long-term happiness after winning the lottery. As we all know, everyone always has a few snobbish relatives at home. When they learn that their relatives have won the lottery, they will try their best to borrow money and never pay it back. At the same time, the number of lottery tickets purchased by everyone depends on everyone's various investments in lottery tickets.

Lottery tickets are risky, so be careful when buying them.

I have seen video fans of many video websites spend thousands of dollars to buy a lot of lottery tickets. Most video producers can only get part of the lottery income, but they can't earn money to buy lottery tickets. This also shows that lottery tickets can't make people rich, and people who buy lottery tickets can only have fun from it, not as the main source of money. In real life, many people spend all their money to buy lottery tickets, which is not a rational behavior. After all, lottery can only be regarded as a hobby, not a main business.

Lottery tickets certainly need to be taxed.

Although each country has a slightly different tax classification system for lottery tickets, each country will receive a part of the tax. Every country will divide the lottery tax rate according to the economic income level of different regions to ensure that every consumer can get a reasonable lottery amount. If you win a billion dollars in the lottery, you may only get 750 million dollars. This is a very realistic situation. You should never give up the reward because of too much tax.

Generally speaking, winning the prize requires personal income tax and state taxes of each state.