mn tax forms

If I win the Lotto (MN), how to avoid the gift tax?

It is my understanding that if I win the lottery here in Minnesota, which would be more than $ 50 million after taxes, tonight I'll hit you with a gift tax if I give something more of myself 1,000,000, even for my wife, so $ 2,000,000. My wife and I would have between family and friends 10 people we would like to donate 1 million dollars each. Can I have these people come to claim the lottery office with me and fill out an application form stating their share is $ 1,000,000? Seems silly to pay a thirds of the tax and pay more in taxes on donations? I give less than $ $, if taken with the gifts.

Whatever how you come into money, employment, lottery, etc., you're the one who pays taxes. You can donate to someone, but you're the one who is responsible for the taxes that the donation was a part of your earnings / income.

Minnesota Military Veteran Benefit-Property Tax Exclusion

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