“US man wins $41 million in lottery but shocked at tax deduction”

Lucky guy from Florida

A young man named Darren Martini from Florida, USA, hit the mega jackpot. His home is in Cape Coral. He won the lottery worth 41 million. He was hit with more than 335 crore rupees. The ticket was drawn on Christmas Day 2022.

But it didn’t take long for the lucky gain to turn sour. He has received a total of 24 million as a gift. Darren Martini has been able to take home Rs 196 crore after deducting all taxes.

The gift was bought a few days ago

Darren bought the prize four months later. He bought the gift in the month of April. But Darren is surprised that such a large sum has been reduced. He doesn’t know any rules of lottery. It was only later that he realized what had happened here.

Lottery winnings are taxed at 24 percent in Florida. Any amount above five thousand dollars is taxable. Darren Martinique faced a huge disappointment.

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Other taxes

If this amount is purchased in stages, the tax would be reduced. But the young man bought the amount in one go. With this, the tax was going higher. Buying in stages is more likely to result in not getting paid in full.

The paying group may not receive the money if it runs into financial trouble. Even if the winner dies, the amount will not be received later. Florida is heavily taxed. Florida’s tax on lottery winnings has shocked many over the past few years.

This is not the first

Another young woman in Florida was also very tired of such a tax. They were awarded 50,000 US dollars. Their name was Sydney Bean. They bought a five dollar ticket. But when he came to buy the gift, he got only 35000 dollars as a gift.

A huge amount was taken as tax. The woman says she did not get the money she expected because of taxes. The woman also stated that there is a need for tax relief immediately.