if I win the lottery and just leave the money in the bank, not drawing interest, do I still pay the same?
96185
Pay the same in following year?  Once you pay on the original amount you won, you don't pay anything else the following year, or any other year for that matter.\n\nYou would never have to pay any other taxes on that sum and it would never generate any interest (that would be income) so you wouldn't have anything to declare in future years.\n\nDumb idea though.  You may as well bury it.\n\nWhen you die your spouse will get the amount tax-free.  When he/she dies, your other beneficiaries will have to pay taxes on what they get.\n\nContrary to other answers here, you are able to take a lump-sum payment instead of payments over time.  Every bank also offers interest free accounts.  Every single one.
331543
yes as long as you dont owe them money
35574
you only pay that amount if you buy it at the auction. But the bank will be there bidding it up to get those fees back. If no one showed up to bid against them they didnt need to bid it up.\n\nIf they got it at the auction it is theirs and they can sell it for whatever they want.
450936
If they can forsee the future, they would pick the winning lotery numbers for themselves.\n\nIf they can't use their powers for personal gain, then the can't charge you for their services.\n\nin other words, no. It's no good.
350100
No.  You are not ever required to repay benefits you received as long as you did not lie about the money you had at the time you were receiving the benefits.\n\nThis applies to all government benefits including medicaid, food stamps, housing assistance, etc.\n\nThe point of government benefits is to aid people who need it.  If you are lucky enough to find yourself in a position that you no longer need the help, that's good for you.  But you will never have to pay back benefits you received.\n\nAgain, if you ever lie about your income and they find out, that's totally different.\n\nBesides, the taxes you would have to pay on the lottery winnings would MORE than pay back the medicaid benefits I am sure.  :-)
206546
You may be able to take out a loan with the $500 as collateral, but they will probably charge you some interest.  You may also have to fill out some paperwork as well.\n\nCheck with the bank on their procedures for this kind of transaction.  Either way, it still sounds like a loan if you don't want them to touch your money.\n\nIf you're going to return the money in 4 days, it's probably better to just take the cash out.  This way you are not charged any interest or other fees.
248289
Depends on the lottery. A portion goes to running the lottery and paying the jackpot. The profit is split amongst different governmental groups depending on each state. Usually education gets 10% or so of the profits.
1010013
5/2?? This means that you will get $5 (or whatever currency you are) for every $2 you bet, so $10 will get you $25 back in total (including what you bet). Not that good odds, I wouldn't bet on that, the risk is outweighed by the return, in my opinion. Good luck on the bet, whatever you do.
344961
It is a scam.\nYou cannot have an international lottery as the gambleing laws differ in every country.\nThe scammers say it is "International" so as to cover every country.\nLotterys work like this:\n1)10,000 people pay 1 dollar/euro/pound/yen....etc\nThe lottery company now has 10,000\n\n2) the lottery company holds a draw and gives out 7,000 in winnings (and keeps the profit 3,000)\n\nScams work like this:\n-1)nobody pays money (there is no money to win)\n\n0)a scammer sends out 10,000 spam emails to tell people they have won a lottery they havn't entered.(they pretend they work for real lottery websites)\n\n2)The Scammer asks for your Personal details (be prepared! your inbox is going to be full of emails asking for you personally...and dont get me started on what they are gonna do with your Bank details!)\n\n3)The scammer tells you that you have to pay fees before you can accept the "winnings" (and NO,you cant pay out of the winnings! they dont exist!....silly maga)\n\n4)The scammer manages to con 3 people out of 1000 and gives all his profits to a charity for orphaned goats (he dosn't really...he keeps it ;) )\n\n5)Your inbox gets more mails than help@microsoft.com\nEverything from "You have won anotther sooperdooperlottry" to "CHAN U B A NEXT OF KIN" to "Please join our company,cash our checks,send us the money until your bank realises you are laundering money for us?)\n\nThe moral of the story is...If it sounds too good to be true... It probably is\nSource(s):\n\nwww.fraudwatchers.org\nI spoke to Bill Gates lastnight and he knows nothing about it...honest...I did!
939783
Taking on a national lottery does seem a little foolish.\n\nThe payoff is about the same as the US lotteries (55%), but the fact that the that there is always a winner would mean that there are no huge pots to win. These huge pots seem what  brings in the large number of players in the US lotteries.
149317
There really are no calculations because they are not charging you ANY interest at all (probably for a certain amount of time only, right?) You will only be paying the Principle during that time, which means you are making a payment that actually reduces the total cost by the exact amount you pay.  WHen interest begins accruing, then each payment you make will be partially going to the product cost (prinicple) and partially to the interest cost (the creditor's profit for lending the money).  There is no better interest rate than 0%.  So, good going!
1018959
Its always best to pay the intrest fist befor earning interest.  Unless you are earning higher interest then what you are paying.  If you are earning higher then 11% intrest with the IRA, then dont pay the card at all.  If the intrest rate of the IRA is lower than 11%, put all of your money to the card.  Money works faster if its not being charged intrest. \n\ni.e.  lets say you have a ballence of $10 at an apr of 10%\nYou also have a savings account with a rate of 5%\nIf you put $10 in the account it would earn $0.50 in a year.\nDuring that same year the card balance would increase $1.00 \nSo you lost $0.50 that year.  If you payed off the balance at the begining of the year, you wouldnt lose any money.
589505
Unfortunately, NO.  If any body claims it's a free lottery, beware of frauds. I refer a site for your info: fraudwatch.com . Browse this site for extra info.  Goodluck
220562
First of all did you even enter this Lottery?? If not then its a scam if you answer it the next thing they will want your bank account details so they can transfer the so called winnings into your bank But the only that will happen is they will steal all the money from your account. Don't even answer the letter cause that will confirm your details and the scammers can do many fraudlent things with YOUR identity.\nP S its proberly a Nigerian money transfer scam
257791
yes of course. A money order is the same as cash! There are no holds put on it like a check. SO there is no waiting periond for it. All you need to do is depsit it as you would cash! It will be in your account w the same speed as if you were dpositing cash ans it is actually safer then depositing cash if you are doing it in a night drop. This way you actually have a reciept of this cash so there are no descrepencies if the bank tries to claim it was never recieved!
442827
You only required your brain, and you have to be strong and determine + play lottery, then you will get lots of money, after that you don't need any business. just enjoy your life
1114163
I think you'll lose your money buying them. If you like to buy lottery tickets, you may like the dinar. Below are some references: