You last visited December 1, 2008, 12:17 pm
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Lancaster County man claims $86M Powerball lottery jackpot
Illinois United States Member #30849 January 17, 2006 3515 Posts Offline
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| Posted: August 9, 2008, 11:47 pm - IP Logged |
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Robert and Elaine Funk of Mountville, Lancaster County will receive $1.4 million; Jeffrey and Donna Funk of Mountville, Lancaster County will receive $1.4 million; Melanie Funk of Lancaster will receive $1.4 million; Gerald and Lynn Hess of Davidson, North Carolina will receive $1.4 million; K. Scott Edwards of Lusby, Maryland will receive 1.4 million; and Ronald and Yvonne Edwards of Washington Boro, Lancaster County will receive $1.4 million.
I'm talking about these people ^^^^
After a taxes you have to figure they get less than a million. I'm 30 wouldn't even quit my job for 1.4 million. First, since it was Lancaster County, I was wondering if they were all going to be named Yoder, that would have been quite interesting!
GamerMom, it's said that the average American finishes the year $500 deeper in debt than they started it, and an additionalt $300 a month would get them out of the financial rut that most are stuck in.
That being the case, $1.4 million out of the blue should help, even a pre-tax $1.4 million. I can understand you saying at 30 you'd keep working, but that really is a person by person, case by case situation.
As has been said by some sages, it's not how much you get but how much you keep of what you get.
I would like to see a follow up on all these people a few years from now. 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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MI United States Member #55299 August 31, 2007 580 Posts Offline
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| Posted: August 10, 2008, 7:13 am - IP Logged |
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That would have been interesting. I've known some non-Amish Yoders but I still got a mental image of "pimped out" horses and buggies from that... Though I was under the impression that Amish in that area are still pretty strict, even more so compared to the many Amish families around where I live. I'd say I wonder what the Amish stance is on gambling but I'm pretty sure they're against it like anything else that's fun. Well, except for the ones who were a part of a drug ring. Then again, knowing the Amish that probably had no fun either, aside from the times I'm sure they sampled their own product, but in the least fun way possible. 
With odds like 1 in 175,711,536 how can I lose?!
You can't predict random.
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New Member DOVER,PA United States Member #64117 August 3, 2008 2 Posts Offline
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| Posted: August 10, 2008, 11:55 am - IP Logged |
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nice to see someone in PA win.
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pittsburgh United States Member #51507 March 25, 2007 363 Posts Offline
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| Posted: August 10, 2008, 2:37 pm - IP Logged |
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Robert and Elaine Funk of Mountville, Lancaster County will receive $1.4 million; Jeffrey and Donna Funk of Mountville, Lancaster County will receive $1.4 million; Melanie Funk of Lancaster will receive $1.4 million; Gerald and Lynn Hess of Davidson, North Carolina will receive $1.4 million; K. Scott Edwards of Lusby, Maryland will receive 1.4 million; and Ronald and Yvonne Edwards of Washington Boro, Lancaster County will receive $1.4 million.
I'm talking about these people ^^^^
After a taxes you have to figure they get less than a million. I'm 30 wouldn't even quit my job for 1.4 million. Are you sure this isnt just a first payment amount?
Win you win big and take the cash dont they give you one check to hold you over till they transfer the big dollars? Atleast that was what i thought. i may be wrong!!1
Wasnt the annuity 86 million 43 million cash? minus 25 percent for federal would be 30 million divided by 5 would be 6 million a piece?
Again i may be wrong but but i still think they are due another 5 million a piece.
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United States Member #53640 June 27, 2007 18 Posts Offline
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| Posted: August 10, 2008, 3:56 pm - IP Logged |
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"After a taxes you have to figure they get less than a million. I'm 30 wouldn't even quit my job for 1.4 million."
I'm 24 and I agree. The money would make a great investment though!
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pittsburgh United States Member #51507 March 25, 2007 363 Posts Offline
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| Posted: August 10, 2008, 5:03 pm - IP Logged |
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Are you sure this isnt just a first payment amount?
Win you win big and take the cash dont they give you one check to hold you over till they transfer the big dollars? Atleast that was what i thought. i may be wrong!!1
Wasnt the annuity 86 million 43 million cash? minus 25 percent for federal would be 30 million divided by 5 would be 6 million a piece?
Again i may be wrong but but i still think they are due another 5 million a piece. Well i decided too look into it and see why i am being told wrong amoounts. i dont know about you but i know i dont pay 84% income tax.
i was saying there was still 30 million out there that wasnt being listed by GamerMom, well here goes where that 30 million is and why theres proof that the winners dont have to pay 7/8ths of their winnings to the goverment.
"The family members to share in the jackpot prize are as follows: Barrie and Jean Edwards of Willow Street, Lancaster County will receive $17,064,882.50; Terry and Linda Edwards of Willow Street, Lancaster County will receive $17,064,882.50; Robert and Elaine Funk of Mountville, Lancaster County will receive $1.4 million; Jeffrey and Donna Funk of Mountville, Lancaster County will receive $1.4 million; Melanie Funk of Lancaster will receive $1.4 million; Gerald and Lynn Hess of Davidson, North Carolina will receive $1.4 million; K. Scott Edwards of Lusby, Maryland will receive 1.4 million; and Ronald and Yvonne Edwards of Washington Boro, Lancaster County will receive $1.4 million."
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New Member Philadelphia, Pa. United States Member #63852 July 26, 2008 10 Posts Offline
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| Posted: August 10, 2008, 10:59 pm - IP Logged |
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ALL tax experts tell you to take the lump sum and invest it and live off of your OWN annuity. I don't think these folks got any legal advice, which the lotto commission advises you to do. Be nice to have brains AND money at the same time?
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Washington State United States Member #34373 February 26, 2006 263 Posts Offline
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| Posted: August 11, 2008, 1:45 am - IP Logged |
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ALL tax experts tell you to take the lump sum and invest it and live off of your OWN annuity. I don't think these folks got any legal advice, which the lotto commission advises you to do. Be nice to have brains AND money at the same time? Hmmmmmmm, I don't think you read the whole article before commenting. In the second to last paragraph it says, "On behalf of the group, Jean Edwards presented the winning ticket for validation yesterday at Lottery headquarters in Middletown after consulting with legal and financial counsel."
Did you believe they took the annuity? No, they took the cash option.
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