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$1 Quick Pick nets lottery riches
Florida Lottery: $1 Quick Pick nets lottery riches
Windfall will include numerous taxes before state cuts final check
Kenneth Parsons, 59, of Live Oak, Florida, last week turned in the winning Mega Money ticket at the Florida Lottery's Tallahassee headquarters.
Parsons opted to forego monthly payments from the $800,000 annuity jackpot and instead opted to take a lump sum payment of $549,646.
Before Parsons can enjoy his riches, however, the Internal Revenue Service requires the Florida Lottery withhold 25 percent from each prize greater than $5,000 in federal withholding tax, said Jennifer Greene, public affairs specialist for the Florida Lottery.
The winning ticket holder must file a tax return listing the windfall, which can result in yet more taxes.
Lottery officials suggest that winning ticket holders consult an accountant.
Parsons bought the $1 Quick Pick winning ticket at the S&S Food Store on U.S. Highway 441 and Interstate 10. The winning ticket was drawn Friday.
The winning Mega Money numbers were: 21-29-32-42 with the Megaball number of 21.
The first four numbers are drawn from a pool of numbers 1 to 44, and the megaball number is drawn from a pool of numbers 1 to 22.
Drawings take place Tuesday and Friday evenings at 11 p.m., lottery officials said.
Thanks to JackpotWanna for the tip
Lake City Reporter
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20 comments. Last comment 1 year ago by .
Illinois United States Member #47157 September 23, 2006 3696 Posts Offline |
| Posted: May 5, 2008, 10:09 am - IP Logged |
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Before Parsons can enjoy his riches, however, the Internal Revenue Service requires the Florida Lottery withhold 25 percent
The winning ticket holder must file a tax return listing the windfall, which can result in yet more taxes
I have to get to Canada
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Kunming China Member #58390 January 23, 2008 1438 Posts Offline |
| Posted: May 5, 2008, 10:19 am - IP Logged |
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Before Parsons can enjoy his riches, however, the Internal Revenue Service requires the Florida Lottery withhold 25 percent
The winning ticket holder must file a tax return listing the windfall, which can result in yet more taxes
I have to get to Canada You play the numbers and they win. The I.R.S. is just another MOB. It's disgusting ain't it. "WE WANT NOTHING LESS THAN A JACKPOT"
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Tralfamadore / Zeta Riticuli Star System United States Member #30849 January 17, 2006 4131 Posts Offline |
| Posted: May 5, 2008, 2:38 pm - IP Logged |
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You play the numbers and they win. The I.R.S. is just another MOB. It's disgusting ain't it. Occassionally there's a mobster with a heart.
Ahem.
Anyone remember a 1980's crime seried with Ray Sharkey and Ken Wahl- Wahl was an undercover cop that became good friends with Sharkey who played the role of a mafia don -
When Sharkey found out Wahl was a cop he told him the whole thing was about taxes -
that even if someone was generating money illegally, once they did the government was right there with their hand out.
Viet Nam era parody:
My country tis of thee
sweet land of liberty
Oh Canada!
Land where my brother hides
sought by the F.B.I.
his deserter buddies by his side
Oh Canada!
Maybe we should write a lotto jackpot version of that!!! It's Lotto, not horseshoes or artillery!
Close doesn't count!
I sell everything at a loss but make up for it in volume
- Milo Minderbinder, Catch-22
There are two kinds of jackpot winners...the ones who remained anonymous and the ones that wish they had.
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Illinois United States Member #47157 September 23, 2006 3696 Posts Offline |
| Posted: May 5, 2008, 2:56 pm - IP Logged |
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You play the numbers and they win. The I.R.S. is just another MOB. It's disgusting ain't it. 
I like that parody Coin Toss
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Idaho United States Member #56982 November 21, 2007 3188 Posts Offline |
| Posted: May 5, 2008, 3:18 pm - IP Logged |
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You play the numbers and they win. The I.R.S. is just another MOB. It's disgusting ain't it. I completely agree. "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."
ThatScaryChick
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Clarksville United States Member #489 July 15, 2002 9131 Posts Offline |
| Posted: May 5, 2008, 7:09 pm - IP Logged |
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Tax shelters, tax shelters, tax shelters.. It takes Everyone's input to HIT the number..all are equally important.
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Burbank CA United States Member #56201 October 16, 2007 191 Posts Offline |
| Posted: May 5, 2008, 7:28 pm - IP Logged |
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Umm yeah of course there are going to be taxes taken out, you know that going in, and if ya don't your a fool for playing a game you don't know the rules. Bitching about taxes is like bitching about death to me, ya know its gonna happen why let it bother ya. The guy will still clear over 300k on a dollar bet, not to shabby taxed or not. EXMECHANIC "My dollar buys hope, what does yours do?"
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United States Member #4963 May 30, 2004 2739 Posts Offline |
| Posted: May 5, 2008, 7:42 pm - IP Logged |
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Before Parsons can enjoy his riches, however, the Internal Revenue Service requires the Florida Lottery withhold 25 percent
The winning ticket holder must file a tax return listing the windfall, which can result in yet more taxes
I have to get to Canada WOW>>>>>>>>>>>>>o!o:
DO QUICK PICK'ssssssssssssssssGET>>>>any BETTER???????????
PSYKOMO........can remember when QP'$$$$$$$$$$$$$$$$$$$$$$
were<<<<<<<<<<<........K@@L bouiey'&
GULL's>>>>>TOO????????
THREW all the BOUYIE'SSSSSSSSSSSOFFBOATAT>>>>>>>>>SEA!!!!!
LOL
PSYKOMO
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United States Member #4194 March 23, 2004 720 Posts Offline |
| Posted: May 5, 2008, 8:03 pm - IP Logged |
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Just $1~ Very lucky indeed.
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Wisconsin United States Member #1327 March 27, 2003 1509 Posts Offline |
| Posted: May 5, 2008, 9:49 pm - IP Logged |
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Umm yeah of course there are going to be taxes taken out, you know that going in, and if ya don't your a fool for playing a game you don't know the rules. Bitching about taxes is like bitching about death to me, ya know its gonna happen why let it bother ya. The guy will still clear over 300k on a dollar bet, not to shabby taxed or not. Yeah, its a nice payoff, but it's not a life-changer. ============
How can you tell if a politician is lying?
Answer: His lips are moving.
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Illinois United States Member #47157 September 23, 2006 3696 Posts Offline |
| Posted: May 5, 2008, 10:06 pm - IP Logged |
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Umm yeah of course there are going to be taxes taken out, you know that going in, and if ya don't your a fool for playing a game you don't know the rules. Bitching about taxes is like bitching about death to me, ya know its gonna happen why let it bother ya. The guy will still clear over 300k on a dollar bet, not to shabby taxed or not. Paying taxes is one thing (Withholding before you get yours) but to have to pay again
upon filing at the end of that year is being bent over, Uncle Sam
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United States Member #4963 May 30, 2004 2739 Posts Offline |
| Posted: May 5, 2008, 10:19 pm - IP Logged |
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Just $1~ Very lucky indeed. THANK'ssssssssssssss$$$$$$$$$$
for >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>UR $$$
     
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Wisconsin United States Member #1327 March 27, 2003 1509 Posts Offline |
| Posted: May 6, 2008, 9:42 am - IP Logged |
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Paying taxes is one thing (Withholding before you get yours) but to have to pay again
upon filing at the end of that year is being bent over, Uncle Sam Our politicians can smell money in your pocket. Much like dogs can smell meat from a distance. I think its genetic. ============
How can you tell if a politician is lying?
Answer: His lips are moving.
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NY United States Member #24178 October 16, 2005 1736 Posts Offline |
| Posted: May 7, 2008, 1:31 am - IP Logged |
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Paying taxes is one thing (Withholding before you get yours) but to have to pay again
upon filing at the end of that year is being bent over, Uncle Sam You don't pay again when you file your return. You pay the rest. Maybe you'd be happier of they withheld 35% and when you file your return you get a few bucks back?
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