0
Is it true that one will be discharged from the US Army for winning the lottery or receiving a large inheritance?
I live in Canada, but have never heard of anyone being released from the Army due to winning a lotery or receiving any inheritance. What happens in your private life is no on else's business. There are people in the Army that come from very wealthy families. Don't know where you heard this, but it's rediculous.
Its happened before.
http://www.news.navy.mil/search/display.asp?story_id=11549
They don't automatically throw you out, no. I have heard--don't know if it's true or not--that it's possible to buy out your contract if you win the lottery.
I don't know...I think if I was still in and I won the lottery, the second thing I'd do (the FIRST thing I'd do is to stop by my security office and report the fact because suddenly having a lot of money gets you investigated if they don't know where it came from) would be to buy a Rolls-Royce and use it to get to work.
b- This situation falls ,technically, under a 'hardship" separation. You would advise your commander and under a large financial windfall the US Military COULD allow you to exit your contract. There are several factors that go into that process. You are not automatically removed from your duties by simply 'coming" into a large amount of assets. This does not mean you are automatically removed from your duties in fact you CAN stay in the service and complete your contract. However, if you were put through school by the military, you would be liable for repaying the military branch in entirety for the cost of your education if you separated under the financial "hardship" clause.
What else can I help you with?
Why were the Native Americans successful in winning the battle of Little Bighorn?
they are winning because they made clothes and by inheritance they made better crops
What is the difference between chance and luck?
chance- like winning the lottery or gambeling luck- something happening without you expecting it
What is the Louisiana state tax percentage on large lottery winnings?
Lottery winning are the same as any other earning...and will be taxed federally and locally as any other income of that amount would be (which of course depends on many things, income level, number of dependents, number of deductions, etc.etc.)
Do people gain money through freelotto?
Freelotto is a promotional lottery site that offers users the chance to win prizes, including cash, through free entries. While some participants may win small amounts or prizes, the overall odds of winning significant money are typically low. It's important to approach such platforms with caution and to be aware of potential pitfalls, such as hidden fees or the likelihood of not winning at all. Always read the terms and conditions before engaging with any lottery or prize draw.
What store is the luckiest to get lotto tickets from in Louisiana?
In Louisiana, the store often considered the luckiest for purchasing lottery tickets is "Winn-Dixie," particularly due to its history of selling winning tickets. Specific locations, like the Winn-Dixie in Baton Rouge, have been reported to sell large jackpot tickets. However, luck can vary, and different stores may have their own success stories over time. It's always good to check local news for the latest winning ticket locations.
What percentage of tax do you pay on an 800000 dollar inheritance?
taxes on lottery winning of 800,000 in the state of WA
What is the likelihood of winning the lottery?
The likelihood of winning the lottery is extremely low, as the odds of winning vary depending on the specific lottery game. In general, the chances of winning a major lottery jackpot are typically in the range of 1 in several million.
Describe using word the probability of winning the the lottery?
The probability of winning a lottery depends on the lottery. The probability of winning the jackpot is extremely small, though the probability of winning something is not quite as tiny.
When a person files bankruptcy in October and then wins money in a lottery are they required to report the winnings to the bankruptcy court?
You would only need to report the winning ticket if the bankruptcy was not discharged.
Can you EARN large sum of money shortly after bankruptcy is discharged?
Bankruptcies are not discharged. The debts are discharged. If you knew going in to the bankruptcy that you would be earning a large sum of money, that information should have been entered on Schedule I at the bottom and if it was NOT disclosed, you might find yourself in federal prison for perjury and fraud. Your discharge would be revoked. If you did not know you would be earning a large sum and could not have found out before filing, no problem. If it is a lottery winning or an inheritance, rather than wages, you have to disclose it to the trustee and the court.
Can you win 1billion dollars?
Winning a billion dollars typically requires winning a major lottery or a substantial prize in a game of chance. Lotteries that offer such large jackpots are quite rare, and the odds of winning are extremely low. Alternatively, one could accumulate such wealth through successful investments, entrepreneurship, or by receiving a significant inheritance. However, achieving this level of wealth often involves considerable risk, effort, and sometimes a bit of luck.
How long after receiving a discharge do you have to not report a windfall of income such as winning the lottery or a large inheritance?
180 days from the date of the discharge. I believe it is 180 days from filing rather than from discharge. If you filed a chapter 7 and received the inheritance or the right to the inheritance within 180 days of filing, then the money should come into the bankruptcy estate. If you already received your discharge, then the trustee may move to reopen your case and bring a proceeding to get the money. However, Trustees, sometimes, try to bring money into the bankruptcy estate that they don't have the legal right to. Lottery proceeds based on a lottery ticket purchased after you filed bankruptcy are not part of the estate, but trustees have been known to go after the money anyway.
What are the odds of winning the Irish lottery?
The odds of winning the Irish Lottery are 1 in 8,145,060 compare that to the odds of winning the Euromillions which are 1 in 76,275,360 so the Irish Lottery http://www.irishlottery.com/ attracts a lot of players as the odds of winning are much better.
Why are the chances of winning the PA lottery so low?
The chance of winning any lottery is low due to the number of people playing it. Lottery is always a game of chance and your odds of winning are dependent upon the number of people playing the lottery at any given time.
How did Shakespeare get rich?
by winning the lottery
What are your chance of winning the lottery?
none
Where can one find the winning Florida Lottery numbers?
If in search of past Illinois lottery winning numbers, you can check you local stores. If one is unable to do that or would rather not go out you can also find them by going to the illinoislottery website.
