Originally posted on 04/24/2024:

Quote Originally Posted by cincinnatikid513 View Post
u might want to consult with a tax expert but cmon common sense says if ur pulling in 70k a year with ur security job and then all of a sudden u are making 2.5 million that is going to put u in a higher tax bracket and they will want some of ur winnings, the 300-1 odds are for a tax form at the track i remember back in the day if u won a bet over 599 dollars u would get a tax form they changed it to now has to be over 300-1 odds but for the year i think u are dreaming if u think u win 2.5 million dollars and just because the odds were less than 300-1 u get to keep it all
Either way GREAT problem to have but beyond ridiculous to start counting 2.5M chickens before any hatch. If the situation magically arises, I'd obv plan everything out with a financial advisor. Rn I have to worry about the C's getting past the Heat.