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Apparently she has to pay tax on that? Would be at 47% including PRSI. Would still leave a nice bit left over though!
The rich lists are complete nonsense, incidentally. Having clients at work who are/should be on those kind of lists (there are others as well, like the 1000 biggest companies in Ireland, etc.), I have to have a good laugh whenever I read through them!
As far as I know it is tax free
See the papers are saying that she is related to the Keane family in Limerick :rolleyes: . For **** sake, who cares? Leave the woman alone, she won and fair play to her ;)
Dunno how you figured that out. It looks like you're calculating it using PAYE + PRSI, but PAYE is calculated on earnings (hence the E) and PRSI is pay-related (hence the PR). This is a windfall or capital acquisition, from which lotteries are exempt.Quote:
Originally Posted by pineapple stu
adam
I think in the US one pays 50% or thereabouts when one wins the various lotteries over there. Also, the tax is reduced if one accepts the winnings over a long period. It's something like that anyway.
Whatever the rights or wrongs of winning a large sum of money - I feel that if one is a 50 million winner then one wins 50 million - in the US a 50 million winner wins 25 million.
I thought that there was a law/rule or whatever covering misleading advertising??? :confused: How can a 50 million lottery be promoted as such when one only wins half of it??? :confused:
Of course, one (:D) is open to correction on any - or all - of the above
That's what I was thinking alright. Had heard there was tax payable. Hardly makes much difference though - even E70m is nice! :)Quote:
Originally Posted by dahamsta
AFAIK she's liable for all taxes applicable to the interest earned by the prize money -but nought on the prize money itself.
we shouldn't be so bitter, nice to see someone from home winning it, and i really hope it went to someone who really needed some money and that it improves her and her family's life, not cause rows or splits like i have read in previous cases. I have no doubt she will donate some to charity etc also in ireland and abroad.