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Possible winner of $258 million Mega Millions lottery jackpot found

Topic closed. 25 replies. Last post 11 years ago by CASH Only.

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Jorli D's avatar - nw saucyelf2.jpg
Michigan
United States
Member #2448
October 4, 2003
25893 Posts
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Posted: September 21, 2005, 11:11 pm - IP Logged

Well, Jorli, afraid that's not true.  If I won Mega Millions in New Jersey, I would not pay a dime of it to the state.  Only the Feds.  We have no tax on lottery prizes in NJ.  Same goes for several other states.  See the Mega Millions and Powerball Jackpot Analysis pages at USA Mega for a breakdown.

Thanks for the correction Todd.  I really didn't know they didn't get you at both ends on taxes.  I will read up on that.  For the record, I'm not a tax lawyer, but I was simply ignorant on the no state taxes in some states.  That amazes me.  I better stick to criminal law.  Thanks again and I will read up on those sites

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    23262 Posts
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    Posted: September 21, 2005, 11:16 pm - IP Logged

    No problem, I just thought you might have something to add, knowing your background in law.  I didn't intend to pull you into a discussion you weren't prepared for -- sorry!

     

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      United States
      Member #1826
      July 11, 2003
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      Posted: September 21, 2005, 11:22 pm - IP Logged

      MM and PB winning tickets have to be validated in the state of purchase.  That state takes the required federal taxes off the top, your home state will tax you on the state tax portion of your winnings.  There are no states free of income tax.  There ARE states that have no sales tax, but that has nothing to do with PB or MM.  You WILL pay state and federal taxes on lottery tickets.

      There are states free of income tax in all circumstances, lottery or just working pay. I know Florida and Tennessee are two, and I know there are a few others. Not an accountant I see.

      (insert signature here)

        Jorli D's avatar - nw saucyelf2.jpg
        Michigan
        United States
        Member #2448
        October 4, 2003
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        Posted: September 21, 2005, 11:50 pm - IP Logged

        MM and PB winning tickets have to be validated in the state of purchase.  That state takes the required federal taxes off the top, your home state will tax you on the state tax portion of your winnings.  There are no states free of income tax.  There ARE states that have no sales tax, but that has nothing to do with PB or MM.  You WILL pay state and federal taxes on lottery tickets.

        There are states free of income tax in all circumstances, lottery or just working pay. I know Florida and Tennessee are two, and I know there are a few others. Not an accountant I see.

        No JS, I'm not an accountant.  Nor am I a tax attorney.  I'm always interested in learning new things.  I was aware that there are states with no sales taxes, however, I was not aware that included no state taxation on lottery jackpot winnings. Try, not to be so quick to attack. Im not afraid of learning or challenges. 

          Down's avatar - Sphere animated2.gif
          Riverside, Ca
          United States
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          September 14, 2005
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          Posted: September 22, 2005, 2:49 am - IP Logged

          man you can't just give someone $258 millionif you think about it thats just crazy i wish i could win

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            Mt. Laurel, NJ
            United States
            Member #18120
            July 5, 2005
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            Posted: September 22, 2005, 4:23 pm - IP Logged

            Did anyone found out that if ticket were Quick Pick or self pick ????

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              United States
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              January 23, 2005
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              Posted: September 22, 2005, 9:16 pm - IP Logged

              We visited the store again. More people this time, had to park farther away. Even though the News van was gone, now just some kind of road construction sign but nothing on it, in front of the store. People playing more tickets there. I missed the 4 by one #. If I had $ to play ALL (20 or so) of my picks I would have won! Fun anyway just to go there and play where the only one winner was!

              I hope it was self-pick. That means the #s are possibly system-able!

              One thing, it's not much fun to send a lawyer to claim your prize for you. My name scrolling across the terminals all over nj would be so cool, and being able to help the people that were there for me before it happened, and all the excitement, would be worth all the downsides.

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
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                March 24, 2001
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                Posted: September 22, 2005, 9:43 pm - IP Logged

                LckyLary wrote:

                I missed the 4 by one #. If I had $ to play ALL (20 or so) of my picks I would have won!

                Which lottery were you playing that had a 4 in the winning numbers?

                 * you don't need to buy more tickets, just buy a winning ticket * 
                   
                             Evil Looking       

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                  Sparta, NJ
                  United States
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                  July 9, 2005
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                  Posted: September 22, 2005, 10:17 pm - IP Logged

                  The NJ has posted that they will have a press conference with the winner tomorrow morning. It was announced on New Jersey Cable 12 during the ten o'clock news.

                  Cheers

                  |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

                  I only trust myself - and that's a questionable choice

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                    Sparta, NJ
                    United States
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                    July 9, 2005
                    1977 Posts
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                    Posted: September 22, 2005, 10:20 pm - IP Logged

                    One thing, it's not much fun to send a lawyer to claim your prize for you. My name scrolling across the terminals all over nj would be so cool, and being able to help the people that were there for me before it happened, and all the excitement, would be worth all the downsides.

                    I would think that Jack Whitiker had the same thought. Cost him, at the very least, a grand daughter. Now he regrets it.  Learn from those who go before you.

                    Cheers

                    |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

                    I only trust myself - and that's a questionable choice


                      United States
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                      June 5, 2002
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                      Posted: October 2, 2005, 6:33 pm - IP Logged

                      NY sometimes scrolls the names of lottery winners on the terminals' LEDs. I would hope they don't do that if I win.