Question for New Yorkers

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If you won $50 million on the lottery and you could buy the plushest address in NY city where would it be?

Type: Discussion • Score: 1 • Views: 178 • Replies: 4

[+1] - Phoenix32890 - 05/03/2005[b][color=green]Somewhere on Sutton Place, I suppose. But, after taxes, $50 million probably would not be enough to make it in that area. [/color][/b]
[+1] - Don1 - 05/05/2005After taxes? How much tax do you pay on lottery winnings Phoenix?
[+1] - Green Witch - 05/05/2005Lottery winnings are considered income, you pay Federal and State income tax on the amount.
[+1] - Duke of Lancaster - 05/16/2005Re: Question for New Yorkers [quote="Don1"]If you won $50 million on the lottery and you could buy the plushest address in NY city where would it be?[/quote] I would think about it...

Somewhere on Sutton Place, I suppose. But, after taxes, $50 million probably would not be enough to make it in that area.

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After taxes? How much tax do you pay on lottery winnings Phoenix?

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Lottery winnings are considered income, you pay Federal and State income tax on the amount.

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Re: Question for New Yorkers

Don1 wrote:

If you won $50 million on the lottery and you could buy the plushest address in NY city where would it be?

I would think about it twice if I were moving to NYC. Not as pleasant as I thought.
NYC is just a good place to party, that's about it.

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