You last visited May 11, 2008, 9:00 pm
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$1 Quick Pick nets lottery riches
$1 Quick Pick nets lottery richesPosted: 5/5/2008 9:54:40  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 Source: Lake City Reporter
Antoine Professional Illinois United States Member #47157 September 23, 2006 3011 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 "The Yin and Yang of Life" I am learning everyday, the tombstone shall be my diploma CAN I LIVE
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Kunming China Member #58390 January 23, 2008 442 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. Primary numbers: 03,06,09,10,13,16,19,20,23,26,29,30,33,36,39
“Zero Trick” numbers: 03,06,10,13,16,20,23,26,30,33,36
Subset numbers: 12,15,18,21,24,27,28,27,37
Regular numbers: 01,02,04,05,07,08,11,14,17,22,25,31,32,34,35,38
(Even numbers are underlined)
e=even o=odd P=Primary S=Subset R=Regular PN=Power Number
"WE WANT NOTHING LESS THAN A JACKPOT"
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Illinois United States Member #30849 January 17, 2006 3092 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
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Antoine Professional Illinois United States Member #47157 September 23, 2006 3011 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 "The Yin and Yang of Life" I am learning everyday, the tombstone shall be my diploma CAN I LIVE
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United States Member #56982 November 21, 2007 852 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. Veni, Vidi, Bibi: "I came, I saw, I drank."
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Clarksville United States Member #489 July 15, 2002 6003 Posts Offline |
| Posted: May 5, 2008, 7:09 pm - IP Logged |
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Tax shelters, tax shelters, tax shelters..
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Burbank CA United States Member #56201 October 16, 2007 132 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 1884 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 544 Posts Offline |
| Posted: May 5, 2008, 8:03 pm - IP Logged |
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Just $1~ Very lucky indeed.
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