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To: Osage Orange

“Baloney.
It wasn’t his money, to begin with. “

And how do you know this? Who’s money was it that paid for the ticket and why didn’t they take the winnings?

Taxes on winnings are well known? You mean theft of private property by the government is well known.

I think you are assuming a bunch of stuff on this. I only know that he won two mil of which the government took around one mil and called it a tax. Now he’s getting food stamps, all of which he has now paid for many times over and more than most people posting on this thread.


31 posted on 05/18/2011 7:59:51 PM PDT by precisionshootist
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To: precisionshootist
I don't know how to respond to your post....

I don't think I can help you...

FWIW-

32 posted on 05/19/2011 9:29:05 AM PDT by Osage Orange (The MSM is an enemy of the United States of America)
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To: precisionshootist

State lottery prizes are misleadingly promoted, but his tax was 40 percent, not half.

The fine print in the $2M prize is that’s what you get IF you accept annual payments over 20 years.

If you take the lump sum payment, as he did, you get much less, probably about $1.3 million.


37 posted on 05/22/2011 9:33:21 PM PDT by rbb
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To: precisionshootist

The government took about $1.15 mil, called about some of it a net present value discount (the $2M is based on a 20-year payout, and you get a lot less if you take the lump sum), and called the rest (about a half mil) a tax.

Most people don’t realize that if you take the lump sum, you get a lot less even before taxes.


38 posted on 05/22/2011 9:33:28 PM PDT by rbb
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