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Eastern Time (GMT-5:00) | Home -> Forums -> Lottery News -> Florida lottery winners indicted on tax charge Tennessee United States Member #8005 October 15, 2004 11329 Posts Offline | | Posted: April 15, 2006, 3:39 am - IP Logged | |
666,666 says it all.if those numbers aren't cursed i don't know what is....  ..... ...... ......
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Pennsylvania United States Member #17377 June 10, 2005 2774 Posts Offline | | Posted: April 15, 2006, 11:29 pm - IP Logged | |
"The Toths opted to receive their $13 million share in annual payments of $666,666 until 2010. They were excited, but worried." Correct me here, but I am sure that 2010 hasnt transpired yet. That being the case they still have an opportunity to settle with the IRS on the TRUE debt owed (if any). As a natural skeptic when reading any media I would like to believe there is more to this story then is being told. Best to live and learn from anothers mishap then to stand in judgement . GameGrl: I said they did not CHOOSE annuity. The choice was not available when they "won". I was quoting the article CashONly, not your commentary. The article clearly stated the above mentioned. thus why there were quotations from the ORIGINAL Article. And thank you for reading my opinion! :) ________________________________ Wanna Make God laugh? ..Tell him your plans. | | |
MI United States Member #20554 August 14, 2005 57 Posts Offline | | Posted: April 16, 2006, 6:50 am - IP Logged | |
"The Toths opted to receive their $13 million share in annual payments of $666,666 until 2010. They were excited, but worried." Correct me here, but I am sure that 2010 hasnt transpired yet. That being the case they still have an opportunity to settle with the IRS on the TRUE debt owed (if any). As a natural skeptic when reading any media I would like to believe there is more to this story then is being told. Best to live and learn from anothers mishap then to stand in judgement . 
I also read the article the same way. It's confusing. If the income reported for 2000 is over $1.6M it's much more than the annuity payment, so how could they be flat broke? The IRS is accusing them of filing false returns which indicates they must have made even more income during those years, correct? Something is definitely wrong. It looks to me like they sold some of the annuities in different years. The annuity companies will buy X years of payments for cash. They probably sold off the last years of the annuity to get the cash and didn't claim all the income on their taxes. These stories make good press, but I don't think they represent the majority of the winners. Most go on to live quietly and enjoy the freedom the money gives them. | | |
United States Member #15582 May 13, 2005 307 Posts Offline | | Posted: April 16, 2006, 7:25 am - IP Logged | |
666,666 says it all.if those numbers aren't cursed i don't know what is.... ................. Ha, ha, ha... that is funny! | | |
United States
Member #380
June 5, 2002
11296 Posts
Offline
| | Posted: April 17, 2006, 1:23 pm - IP Logged | |
It would seem that people who receive annuity payments, whether or not there was a cash option, are more likely to face problems than those who collected in lump sum. | | |
United States Member #12856 March 18, 2005 2060 Posts Offline | | Posted: April 29, 2006, 1:14 pm - IP Logged | |
It would seem that people who receive annuity payments, whether or not there was a cash option, are more likely to face problems than those who collected in lump sum. You know this how? Has there been research done that shows people who take annuity over cash are somehow more likely to lose their money. I would like to see proof of this.  Dance like no one is watching.
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United States
Member #380
June 5, 2002
11296 Posts
Offline
| | Posted: May 30, 2006, 9:55 am - IP Logged | |
It would seem that people who receive annuity payments, whether or not there was a cash option, are more likely to face problems than those who collected in lump sum. You know this how? Has there been research done that shows people who take annuity over cash are somehow more likely to lose their money. I would like to see proof of this. People who win annuities are cursed. If they won all over again, I'm sure they would prefer cash. | | |
Atlanta, GA United States Member #13765 April 7, 2005 142 Posts Offline | | Posted: May 31, 2006, 4:09 pm - IP Logged | |
Sorry but I don't feel sorry for these folks. I have a cousin who said this to me one day "If I win the lottery, I will be telling the rest of my family members to keep their jobs." I would do the same thing. Folks want a bigger car? TOUGH!!! I'm good at say NO, NO, NO, NO, NO, NO If all else fails.F OFF!!!  I know for a fact I would have family members I NEVER hear from coming out of the wood work and I would tell them to crawl back under the rock they came out of. | | |
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