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Post by GrampaJer on Dec 28, 2009 7:39:15 GMT -6
 YEP-------  , My Son-in-laws, Niece , won a Million on a Scratch-off.  The good ole GOVERNMENT took $335,000.00, right off the top, so I hear.. The Niece gets a bit over $30,000 a year for 20 years.. 
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Post by smokepole on Dec 28, 2009 7:49:19 GMT -6
Yep the great goverment always gets there part .They taxed the money that you paid for the ticket with and then tax your winnings. But the 30,000.00 will be nice all I have ever won is 100.00
smokepole
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Post by bonecollector on Dec 28, 2009 19:47:02 GMT -6
1,000,000 wow that would be nice. |
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Post by bigblue on Dec 28, 2009 20:19:41 GMT -6
The government giveth and the government taketh away. OH GOD!!! No but they think they are.
Don
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Post by GrampaJer on Dec 29, 2009 7:29:05 GMT -6
Wouldn't surprise me, if the government has their fingers in all the over priced stuff that we need. Awful lot of OBAMA spending going on, and no mention of where the funding is coming from.. I should buy Scratch-ems too.... I seem to be lucky with the Gun Club Tickets. Certainly would be pleased with 500.00 a week for life with a 2.00 ticket....
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Post by DocHolladay on Dec 29, 2009 22:37:33 GMT -6
I woulda chose the lump sum. She is going to be taxed on that $30,000 for the next 20 years. Less troubles with the lump sum. You would have the cash in hand to spend instead of living from $30,000 to $30,000 dollar paycheck.
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Post by GrampaJer on Dec 30, 2009 7:57:04 GMT -6
I agree, DOC... She will pay higher tax as a combined income.. We have a School Tax here that exceeds State and Local taxes if she buys a Home.. With a lump sum, She could have invested in a Tax Shelter, and got a heafty refund from the State and Government..
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Post by smokepole on Dec 31, 2009 8:18:05 GMT -6
Get the money buy a home and invest  |
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Post by psycho on Dec 31, 2009 19:38:17 GMT -6
I dont understand that much tax right off the top with that option...
pretty much sux...
I would have taken the lump sum as well...
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YEP------- 
, My Son-in-laws, Niece , won a Million on a Scratch-off. 
The good ole GOVERNMENT took $335,000.00, right off the top, so I hear.. The Niece gets a bit over $30,000 a year for 20 years.. 
