8. Taxes
One of the first pieces of advice offered to individuals who hit on lottery jackpots is that they contact a money-managing expert who will inform you of the taxes that you are going to owe on your winnings once you become rich. No massive check that you cash, whether it be earned through a lucrative job or won via a lottery, comes without you owing a large sum of taxes to the government, and the amount that you have to fork over can catch you off-guard if you are unprepared. There are multiple cases of rich celebrities crying poor and even going to jail all over unpaid tax money.
Page 3 of 10
Discussion about this post