You last visited May 25, 2013, 9:10 am All times shown are Eastern Time (GMT-5:00) | California Lottery investigating $1M payoutegg harbor twp.south jersey shore United States Member #112990 June 29, 2011 2530 Posts Offline | | Posted: August 30, 2012, 5:29 pm - IP Logged | |
What we're discussing is when you're used to buying your tickets at different random places and random times and one of them turns out to be a big winner and when you go to claim it at the main lottery offices and they ask you a series of security questions such as where did you buy that ticket and what date and time. I know I'd be stumped. Also if you buy anything else at the same place, gas, beer, soda, save receipts for those items w/ your tix. should have time of buy on there if bought w/credit card. I can't take credit for this good idea, some other LP er put that up, but can't remember who it was. Been doing that since i read it. Extraordinary Popular Delusions & the Madness of Crowds -- Charles Mackay LL.D. | | |
My Pick 3 & 4 goal. Win $1,500 a week. bel air maryland United States Member #90278 April 24, 2010 985 Posts Offline | | Posted: August 30, 2012, 7:39 pm - IP Logged | |
Here in Maryland the date and time of the ticket purchase are printed on the front of the ticket, also the terminal number and some other numbers. The sequence number of the ticket is on the back. I would think all tickets would have this info. When looking for winning #'s, keep your mind open as well as your eyes. Patterns are every where. The trick is to spot them before they change. | | |
Inland Empire United States Member #118131 October 22, 2011 235 Posts Offline | | Posted: August 30, 2012, 7:42 pm - IP Logged | |
Too many people are benefitted from illegal immigants, including agricultral sector. Unfortunately they became an integral part of American economy. Unless some genius invents cheap robots that can replace menial workers, illegal immigrants will always be problems. Look at Japan. They are working on robotics because they don't want to accept any immigrants (foreigners) eventually. | | |
United States Member #131464 August 11, 2012 86 Posts Offline | | Posted: August 30, 2012, 9:59 pm - IP Logged | |
Too many people are benefitted from illegal immigants, including agricultral sector. Unfortunately they became an integral part of American economy. Unless some genius invents cheap robots that can replace menial workers, illegal immigrants will always be problems. Look at Japan. They are working on robotics because they don't want to accept any immigrants (foreigners) eventually. If they don't want, they won't accept them regardless of anything. This reason for developing robotics goes somewhere to the very bottom of the list. Trust me, the wages of illegal immigrant are way less then the cost of sopihsticated robot. | | |
Ridge Runner - Oracle of the Appalachians Way back up in them dadgum hills, son! United States Member #74415 April 28, 2009 12456 Posts Offline | | Posted: August 31, 2012, 12:58 am - IP Logged | |
Too many people are benefitted from illegal immigants, including agricultral sector. Unfortunately they became an integral part of American economy. Unless some genius invents cheap robots that can replace menial workers, illegal immigrants will always be problems. Look at Japan. They are working on robotics because they don't want to accept any immigrants (foreigners) eventually. It'd be nice if they'd quit poopin' in the lettuce fields. People are dying from ecoli and stuff. Luckily, I don't eat much rabbit food my own self. | | |
RIGHT HERE!! United States Member #123302 February 17, 2012 1000 Posts Offline | | Posted: August 31, 2012, 1:55 am - IP Logged | |
even if everything checks out, Osejo is never going to see a million dollars from the lottery. He's going to get $750,000 after 25% withholding and then pay another 10% in April. So it's $650,000 after federal income tax. Thankfully California doesn't have state income tax from lottery winnings. If they don't have state income tax what is the 10% in April | | |
Ridge Runner - Oracle of the Appalachians Way back up in them dadgum hills, son! United States Member #74415 April 28, 2009 12456 Posts Offline | | Posted: August 31, 2012, 2:04 am - IP Logged | |
If they don't have state income tax what is the 10% in April The state (lottery) withholds the first 25% for the feds and you have to give them the rest ( the other 10%) later. | | |
RIGHT HERE!! United States Member #123302 February 17, 2012 1000 Posts Offline | | Posted: August 31, 2012, 2:08 am - IP Logged | |
The state (lottery) withholds the first 25% for the feds and you have to give them the rest ( the other 10%) later. So the Fed Tax is actually 35% ? I live in Wisconsin:
Fed Tax 25% State Tax 7.75% (April right?) I thought that was it | | |
Nutley, New Jersey United States Member #131067 August 1, 2012 579 Posts Offline | | Posted: August 31, 2012, 5:23 am - IP Logged | |
So the Fed Tax is actually 35% ? I live in Wisconsin:
Fed Tax 25% State Tax 7.75% (April right?) I thought that was it Federal Income Tax Brackets for 2012 | Tax Bracket | Married Filing Jointly | Single |
|---|
| 10% Bracket | $0 – $17,400 | $0 – $8,700 | | 15% Bracket | $17,400 – $70,700 | $8,700 – $35,350 | | 25% Bracket | $70,700 – $142,700 | $35,350 – $85,650 | | 28% Bracket | $142,700 – $217,450 | $85,650 – $178,650 | | 33% Bracket | $217,450 – $388,350 | $178,650 – $388,350 | | 35% Bracket | Over $388,350 | Over $388,350 |
If you win a million dollars, you will obviously be in the 35% tax bracket. The entire 35% will not be due until April. Before you even get the check from the lottery office, 25% will be automatically taken out for tax withholding, so come April, you will most likely need to pay an additional 10% for federal income tax.
Keep in mind that chart above is for 2012. The Bush era tax cuts are set to expire at the end of 2012 and if they are not extended the highest tax bracket may go up from 35% all the way up to 39.6%. Just be thankful you don't live in New Jersey. The state tax on lottery winnings is 10.75%. So lets say the Bush era tax cuts are not extended and you win a million dollars from the lottery in 2013 in New Jersey. You need to pay 39.6% for federal income tax and then pay 10.75% in state tax. So you need to pay 50.35% tax on your winnings. The government will take more than half of the money! | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14854 Posts Offline | | Posted: August 31, 2012, 10:13 am - IP Logged | |
Also if you buy anything else at the same place, gas, beer, soda, save receipts for those items w/ your tix. should have time of buy on there if bought w/credit card. I can't take credit for this good idea, some other LP er put that up, but can't remember who it was. Been doing that since i read it. your wasting your time hay, they not only know where you bought it they likely have video on security cameras. If I get asked were i bought a tic..... i say...... mmmm I dun o. | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14854 Posts Offline | | Posted: August 31, 2012, 10:23 am - IP Logged | |
but then again, im not an illegal anything, and i don't owe taxes or child support. | | |
United States Member #111467 May 25, 2011 6323 Posts Offline
| | Posted: August 31, 2012, 10:36 am - IP Logged | |
but then again, im not an illegal anything, and i don't owe taxes or child support. That we know of.  | | |
egg harbor twp.south jersey shore United States Member #112990 June 29, 2011 2530 Posts Offline | | Posted: August 31, 2012, 2:11 pm - IP Logged | |
your wasting your time hay, they not only know where you bought it they likely have video on security cameras. If I get asked were i bought a tic..... i say...... mmmm I dun o. not wasteing time, while the attendant gases up my bad machine I'm getting tix. beer and snax, I pay they give me a receipt, when I come out of the store my gas receipt is tucked in the door handle. Extraordinary Popular Delusions & the Madness of Crowds -- Charles Mackay LL.D. | | |
egg harbor twp.south jersey shore United States Member #112990 June 29, 2011 2530 Posts Offline | | Posted: August 31, 2012, 2:30 pm - IP Logged | |
I'm hoping Luis Osejo gets his prize I buy many tickets and from so many different places and I never check them immediately, I check them every other sunday. That can be a problem if I went to claim a big prize and they asked me when and where I bought the ticket and cannot remember I hope the stores cameras are not just fakes to keep away the hoodlums. Nother thought on this, If you can't remember where/when you bought the winner, but had losers from many other places, they may have to accept that you just can't remember where/when you bought the winner. Extraordinary Popular Delusions & the Madness of Crowds -- Charles Mackay LL.D. | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14854 Posts Offline | | Posted: August 31, 2012, 3:01 pm - IP Logged | |
That we know of.  Yeah..... "That we know of"  | | |
|