You last visited May 21, 2013, 2:00 pm All times shown are
Eastern Time (GMT-5:00) | Mega Millions winner forced to split jackpot with co-workersPennsylvania United States Member #17377 June 10, 2005 3040 Posts Offline | | Posted: March 15, 2012, 8:31 pm - IP Logged | |
This article isn't very helpful, several key bits of information are missing to CLEARLY show why this man was forced to share the monies he received from the lottery with five additional people. 
I agree. So for the most part , I lean to the side of caution. This is a jury of folks ( common citizens) who don't have common sense. Since the TRUE possiblity did exist that he purchased the ticket with his own money and used his own set of numbers, this jury was no different then the plaintiffs. Hungry for injustice and it was served cold. Bottom line...Its New Jersey...enuff said. They even tax the highest themselves along side the feds! ________________________________ Into the peace and light went my beloved Mother....12/4/2012. Our sorrow is great yet our love remains greater. | | |
United States Member #122248 January 27, 2012 160 Posts Offline | | Posted: March 15, 2012, 9:47 pm - IP Logged | |
Kumo, you wrote: "Personally I had planned to give everyone in the pool $1 Million each if my personal set of numbers won." Kumo, I don't understand why you planned that amount; as huge "Gift Taxes" are collected [by the U.S.A. Federal Government] from U.S.A. Citizens who "Gift" more than $13K limit, annually, to a person who isn't their Legal Spouse. Finally, not common knowledge is that all of one's "Gifts" to people must not total exceed $1M (total to all people) during the "gifter's" lifetime! Therefore, the only way to give a person a substantial portion of your lottery winnings is to include them into the official lottery headquarter's Claim Form [percentages broken down either by individual names, trust name, corporation, or foundation].  
Trust me HAB, I know all about those crazy gift taxes now... still think they are  ... but back then I was not aware of some of the lottery horror stories of folks that gave away too much. Both myself and the other guy that helped to collect the lottery pool funds, would often state our intentions to spread the wealth during convertations in the breakroom.... just a bunch of "dream big and talk big" convo. We're also talking about a time before I knew about Trusts, Diversification, Estates and Capital Gains. 
Plans have changed since then with better knowledge, no matter what I would give to relatives, it wouldn't go over the combined annual $26,000 that my Wife and I together can give per person.
Lifetime exemption on gift tax got raised to $5,120,000 this year. It goes back to $1,000,000 in 2013 Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same. ~Ronald Reagan "None are more hopelessly enslaved than those who falsely believe they are free." ~Wolfgang von Goethe "It's preferable to be harmlessly paranoid than fatally stupid." ~Anonymous | | |
Magnolia, Delaware United States Member #19109 July 20, 2005 788 Posts Offline | | Posted: March 15, 2012, 9:57 pm - IP Logged | |
First of all people "if" you're one of those who buys tickets for a lottery pool that you are running you buy those tickets (lottery pool) at one store and always they are to be QP's! Second you buy your personal tickets at another store and always buy "your tickets" at that store as long as you buy tickets for the lottery pool!!!! Never buy your tickets at the same store you purchase the lottery pool tickets at, "NEVER". And if at all possible you yourself never buy QP's as your personal tickets when your the one running a lottery pool!!!! Be smart and cut off all possible trouble before it has a chance to pop up and bite you in the A**! Keep dreaming the impossible dream, it just may come true!  | | |
mid-Ohio United States Member #9 March 24, 2001 15943 Posts Online | | Posted: March 15, 2012, 10:21 pm - IP Logged | |
First of all people "if" you're one of those who buys tickets for a lottery pool that you are running you buy those tickets (lottery pool) at one store and always they are to be QP's! Second you buy your personal tickets at another store and always buy "your tickets" at that store as long as you buy tickets for the lottery pool!!!! Never buy your tickets at the same store you purchase the lottery pool tickets at, "NEVER". And if at all possible you yourself never buy QP's as your personal tickets when your the one running a lottery pool!!!! Be smart and cut off all possible trouble before it has a chance to pop up and bite you in the A**! If he was going to buy other tickets than those for the pool, he should have made sure members of the pool knew about them and made sure they knew which ones belonged to them before each drawings. If they weren't OK with it then he should have only bought tickets for himself and allowed someone else to buy the pool tickets. He knew the risks and when he won he knew how it looked and decided to quite his job, lay low for a while before putting in his claim as if that ticket did belong to the pool. He acted like a crook and the jury assumed he was a crook. * The fundamentals of winning a lottery jackpot *
* play a lottery you can win *
| | |
Northern Virginia United States Member #83896 December 5, 2009 1105 Posts Offline | | Posted: March 16, 2012, 12:50 am - IP Logged | |
Does this guy still have $20 million to give to his friends? I think his type would have already blown through the $24 million. The first time that I won money from the lottery was in 2008--on Leap Year Day. In a lot of states, lotteries benefit education. That makes the REAL winners the only people who can't play! | | |
da bronx,city island,n.y. United States Member #30895 January 17, 2006 310 Posts Offline | | Posted: March 16, 2012, 3:24 am - IP Logged | |
Give some undeserved money to one skinflint and you will have to deal with hordes of them begging and demanding and sending sleazy lawyers after you. Best to stay away from pools altogether. They attract the cheapest, miserly moneygrubbers in the world.  Thats what i say also ..Buy your own tickets ...And thats it
| | |
MI United States Member #55299 August 31, 2007 938 Posts Offline | | Posted: March 16, 2012, 7:08 am - IP Logged | |
Does this guy still have $20 million to give to his friends? I think his type would have already blown through the $24 million. It was probably frozen before he even got to spend a dime, or at least before he spent too much.
Everything I wanted to say has already been said though... Lottery pools suck, if you buy personal tickets don't do it at the same time or even place you buy pool ones and gift taxes suck.
Personally I would never give any one person a million dollar gift, not just because of the taxes (even if the exemption has been raised for a limited time) but because that's a lot of money for someone to potentially screw up their lives with, people might love to share your burden but might not love the outcome for themselves.. I'd be a cheap <snip> and stick to the annual per person exemption for all but one or two people and even still I wouldn't give them anywhere close to 1M in cash. This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam. You can't predict random. | | |
United States
Member #111467
May 25, 2011
6323 Posts
Offline
| | Posted: March 16, 2012, 8:23 am - IP Logged | |
Last nights results for "LFL" 1, 2, 6, 10, 19 "Lucky Ball" 15 I won on all my three tickets! Got the lucky ball, and two other tickets 2 out of 5. Total purse $8.00  Bad news, cannot retire just yet.  | | |
United States
Member #111467
May 25, 2011
6323 Posts
Offline
| | Posted: March 16, 2012, 10:16 am - IP Logged | |
Last nights results for "LFL" 1, 2, 6, 10, 19 "Lucky Ball" 15 I won on all my three tickets! Got the lucky ball, and two other tickets 2 out of 5. Total purse $8.00 Bad news, cannot retire just yet. Oh...almost forgot to mention the most important part. On the very first "LFL" drawing, the FIRST Jackpot was from MA!!! Please, despite your reservations about "LFL" Bigheadnick, please tELL me you played just one line and became LP's first ever Jackpot winner AND the very first Jackpot winner of "LFL". Seriously bro.....I hope it was you!  | | |
United States Member #72957 March 18, 2009 776 Posts Offline | | Posted: March 16, 2012, 11:05 am - IP Logged | |
Trust me HAB, I know all about those crazy gift taxes now... still think they are ... but back then I was not aware of some of the lottery horror stories of folks that gave away too much. Both myself and the other guy that helped to collect the lottery pool funds, would often state our intentions to spread the wealth during convertations in the breakroom.... just a bunch of "dream big and talk big" convo. We're also talking about a time before I knew about Trusts, Diversification, Estates and Capital Gains.
Plans have changed since then with better knowledge, no matter what I would give to relatives, it wouldn't go over the combined annual $26,000 that my Wife and I together can give per person.
Lifetime exemption on gift tax got raised to $5,120,000 this year. It goes back to $1,000,000 in 2013 Phew, good to know. Cheers!  Having millions of dollars in my financial accounts means more, consistent fun for me.
| | |
Dutchess , NY United States Member #121976 January 21, 2012 1342 Posts Offline | | Posted: March 16, 2012, 11:32 am - IP Logged | |
Oh...almost forgot to mention the most important part. On the very first "LFL" drawing, the FIRST Jackpot was from MA!!! Please, despite your reservations about "LFL" Bigheadnick, please tELL me you played just one line and became LP's first ever Jackpot winner AND the very first Jackpot winner of "LFL". Seriously bro.....I hope it was you! So much for my lotto predictions. Really did'nt expect anyone to win yet. Guess i'll just shut my mouth. BTW, whats with this guys first name Americo. Is he trying to fit in.  and make your last check bounce.
| | |
Indiana United States Member #122879 February 9, 2012 310 Posts Offline | | Posted: March 16, 2012, 11:40 am - IP Logged | |
Last nights results for "LFL" 1, 2, 6, 10, 19 "Lucky Ball" 15 I won on all my three tickets! Got the lucky ball, and two other tickets 2 out of 5. Total purse $8.00 Bad news, cannot retire just yet. What's "LFL"?? | | |
United States
Member #111467
May 25, 2011
6323 Posts
Offline
| | Posted: March 16, 2012, 11:56 am - IP Logged | |
Lucky for Life, a new game in the New England area. Todd had a thread on it a couple of days ago (13th), in the "News" forum.  | | |
United States
Member #111467
May 25, 2011
6323 Posts
Offline
| | Posted: March 16, 2012, 12:01 pm - IP Logged | |
So much for my lotto predictions. Really did'nt expect anyone to win yet. Guess i'll just shut my mouth. BTW, whats with this guys first name Americo. Is he trying to fit in. No don't ever keep your mouth shut,  predictions is a big part of what LP is all about. Who knows there may not be another Jackpot for three months. | | |
PA United States Member #66644 October 16, 2008 1280 Posts Offline | | Posted: March 16, 2012, 8:32 pm - IP Logged | |
They have 2 lottery machines where I purchase my tickets. Just to be sure, I purchased an extra ticket from the 2nd machine last nite! dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! - Eschew Poverty ........... Vote Conservative! | | |
|