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| Budget and Taxes Do you feel that raising taxes will help solve the debt of the United States? Are you a fan of Reaganomics? |
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02-13-2007, 03:45 PM
| #1 (permalink) | |
| Website Owner   Join Date: Jan 2005 Location: Taxachusetts Gender:  Posts: 5,502 Country:  Thanks: 12
Thanked 70 Times in 62 Posts
  |   Even the lottery rips us off! Seems like they are always finding ways to rip us off.  FOXNews.com - New York Lottery Says No Dice for Man With Inoperable Lung Cancer Who Won $50,000 a Year Jackpot - Local News | News Articles | National News | US News This guy has lung cancer and is said to only live for another year. He won $1 million on a scratch ticket and he wants to use that money to go to a Phyladelphia hospital that specializes in treating advanced-stage cancers. They actually had the balls to tell him you can receive annual payments of $50,000 for 20 years (before taxes), or take a lump sum of a little over $200,000 after taxes. Now this is what pisses me off. You scratch a ticket and you are said to have 1 million, yet you will not be given your 1 million leaving, you with a choice to take annual payments or a lump sum worth 20% of what you are supposed to get. I really feel bad for this guy and I am just sickened by this. | |
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02-13-2007, 03:48 PM
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| Council Member   Join Date: Jan 2007 Location: The great, dead heart of suburbia Gender: Posts: 1,537 Country:
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"Every time I hear the phrase 'Christian nation' I run to my car and blast a Slayer album at full volume." - Me | ||||||||||||||||||||||
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02-13-2007, 03:50 PM
| #3 (permalink) | ||
| Website Owner Join Date: Jan 2005 Location: Taxachusetts Gender: Posts: 5,502 Country: Thanks: 12
Thanked 70 Times in 62 Posts
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02-13-2007, 03:52 PM
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| Council Member Join Date: Jan 2007 Location: The great, dead heart of suburbia Gender: Posts: 1,537 Country:
| Well if not then that's an obvious breach of contract. They guaranteed him the money, and if he or his family doesn't receive it, then the NY Lottery is in the wrong. "Every time I hear the phrase 'Christian nation' I run to my car and blast a Slayer album at full volume." - Me | |||||||||||||||||||||
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02-13-2007, 03:55 PM
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| Partisan   Join Date: Dec 2006 Location: New Haven, CT Gender: Posts: 7,937 Country:
 | yes - lottery winnings are transferable to beneficiary but this poor guy's situtation SUCKS *~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~* Conservatism: Self-centered mean-spiritedness fueled by ignorance and misguided self-importance. Bigotry is a social disease. Legalized same-sex marriage almost certainly benefits those same-sex couples who choose to marry, as well as the children being raised in those homes. - David Blankenhorn is president of the New York-based Institute for American Values and the author of "The Future of Marriage." | |||||||||||||||||||||
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02-13-2007, 04:18 PM
| #6 (permalink) | |||||||||||||||||||||
| Banned  Join Date: Feb 2006 Location: Omaha Beach Posts: 7,298
| Hey - let's not make believe that the Lottery is here to do it's PLAYERS a favor. It's stacked against the average Joe - and everybody should be smart enough to know that. As far as I'm concerned, it's an additional tax on the stupid. But I digress... Like every other legal screw-job, it's all there in the fine print. | |||||||||||||||||||||
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02-13-2007, 04:23 PM
| #7 (permalink) | |||||||||||||||||||||
| Partisan  Join Date: Feb 2007 Location: Los Angeles Gender: Posts: 10,582 Country: 
| It's stacked against the average Joe - and everybody should be smart enough to know that. As far as I'm concerned, it's an additional tax on the stupid. >>>>>>>>>>> Sometimes described as the Redneck 401k plan! In California one can choose either a one-time cash payout or 20 equal annual payments, which cannot be bequeathed to your heirs. And they deduct tax and any outstanding fines before you get it I thought that was the same in all the other states too | |||||||||||||||||||||
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02-13-2007, 04:25 PM
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| Partisan Join Date: Dec 2006 Location: New Haven, CT Gender: Posts: 7,937 Country:
| I'm surprised he hasn't looked into one of those companies that offer to buy your structured payments. It's at a loss of course- but I doubt if it's as bad as 20% of the principle *~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~* Conservatism: Self-centered mean-spiritedness fueled by ignorance and misguided self-importance. Bigotry is a social disease. Legalized same-sex marriage almost certainly benefits those same-sex couples who choose to marry, as well as the children being raised in those homes. - David Blankenhorn is president of the New York-based Institute for American Values and the author of "The Future of Marriage." | |||||||||||||||||||||
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02-13-2007, 04:27 PM
| #9 (permalink) | |||||||||||||||||||||
| Partisan Join Date: Feb 2007 Location: Los Angeles Gender: Posts: 10,582 Country:
| I'm surprised he hasn't looked into one of those companies that offer to buy your structured payments. It's at a loss of course- but I doubt if it's as bad as 20% of the principle __________________ =========================== Even if you factor it, the payments stop when you die | |||||||||||||||||||||
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02-13-2007, 04:58 PM
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| Council Member  Join Date: Feb 2007 Location: NY Gender:  Posts: 1,357 Country:
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I suspect that this varies from state to state. In NY I don't think that it is inheritable. | ||||||||||||||||||||||
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