Talk of The Villages Florida - View Single Post - If you won the lottery for $500Million....
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Old 10-13-2020, 08:56 PM
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Originally Posted by mike1946 View Post
Interesting post about taxes - so move to the UK ,,,,,, all gambling winnings are free of tax, and as a UK citizen I would invoke article 61 of the USA/UK dual taxation agreement to pay no tax on the winnings at all - I have experience of this when I hit a big one at Tampa Bay Downs ...sent back the 1040 with the notice of deduction and the IRS sent me a check !! Whooppeee !!!!
If one doesn't like paying US Taxes, maybe one should move back to the UK, and not use the services provided by the taxing authorities in the US. Also if you are in the states for more than 183 days The UK/ US Double tax treaty states you are subject to US Tax, best of luck to you.