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Lottery winner charged in tax conspiracy

Topic closed. 39 replies. Last post 6 years ago by sully16.

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RJOh's avatar - chipmunk
mid-Ohio
United States
Member #9
March 24, 2001
19830 Posts
Online
Posted: January 28, 2011, 3:37 pm - IP Logged

I am just wondering if you win with 100 ticket on cash 3 and the pay out is 500 per ticket do you have to pay taxes on these tickets?

All lottery winnings are taxable.  Usually people who win $500 once on a pick3 ticket has spent more than than that on losing tickets and the IRS has no way of knowing if they didn't include in on their 1040 unless someone brought it to their attention.  Probably if a player let it be known he won $50,000 and didn't include it on his 1040, some one would tell the IRS.

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

    James1's avatar - 5599078405 12a562a9e7_t.jpg
    Florida
    United States
    Member #104435
    January 14, 2011
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    Posted: January 28, 2011, 4:51 pm - IP Logged

    so what's to stop someone from cashing 100 winning pick3 tixs at 100 different stores? You don't have to sign or show your id.

    Thats what I would do if I win $500 TAX FREE 100 times this is perfectly legal. Don't know if this particular guy won on Cash 3 or Pick 4 where prizes are over $500 ?

    2014 Highest Winner: $500

      Rowen's avatar - animal eel.jpg
      Illinois
      United States
      Member #82001
      November 3, 2009
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      Posted: January 28, 2011, 6:39 pm - IP Logged

      Thats what I would do if I win $500 TAX FREE 100 times this is perfectly legal. Don't know if this particular guy won on Cash 3 or Pick 4 where prizes are over $500 ?

      I think he won it all on pick 4 which is dumb because they check everything on those large payouts and he was real dumb to get other involved too. Should have just bit the bullet and pay the tax man!

       

      With pick 3, they may not care as much as long as you are not greedy or brag about it. Can you imagine someone putting alot on a triple and it hits!!!

        time*treat's avatar - radar

        United States
        Member #13130
        March 30, 2005
        2171 Posts
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        Posted: January 29, 2011, 2:50 pm - IP Logged

        Stories like this seem to generate two main lines of responses:

        a) Those that point out that every ticket is tracked in more ways than you can count. Thumbs Up

        AND

        b) Those that propose things would have worked out differently if the "plan" had been carried out with some slight alterations. Hit With Stick

        I just want to know how the guy chose his numbers. Wink

        In neo-conned Amerika, bank robs you.
        Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

          savagegoose's avatar - ProfilePho
          adelaide sa
          Australia
          Member #37136
          April 11, 2006
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          Posted: January 30, 2011, 2:18 pm - IP Logged

          if he was allowed to " ring in his numbers " and pay later id say he wasa pretty heavy better, and prob put down a lot on a lot of numbers. so he should have had a fair tax deduction.

          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

            sully16's avatar - sharan
            Ringleader
            Michigan
            United States
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            October 28, 2009
            40514 Posts
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            Posted: January 31, 2011, 8:31 am - IP Logged

            I wonder what would have happened if he didn't pick his tickets up in time and the store owner realized he had a small fortune?

            Did you exchange a walk on part in the war ?

            For a lead role in a cage?

             

                                                        From Pink Floyd's " Wish you were here"

              butterflykt's avatar - Lottery-043.jpg

              United States
              Member #102743
              December 25, 2010
              108 Posts
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              Posted: February 8, 2011, 9:40 am - IP Logged

              People...pay your taxes!

              All things are possible to those that believe!!!!!!Wink

                oncap's avatar - Lottery-012.jpg
                New Member

                Canada
                Member #106563
                February 21, 2011
                25 Posts
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                Posted: March 7, 2011, 4:57 pm - IP Logged

                I'm glad I live in Canada.... lottery winnings are tax free here Yes Nod

                  rdgrnr's avatar - walt
                  Way back up in them dadgum hills, son!
                  United States
                  Member #73904
                  April 28, 2009
                  14903 Posts
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                  Posted: March 7, 2011, 9:57 pm - IP Logged

                  I wonder what would have happened if he didn't pick his tickets up in time and the store owner realized he had a small fortune?

                  Good point sully.

                  That coulda got real interesting.


                                                               
                                       
                                                           

                   

                   

                   

                   

                                                                                                                     

                  "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                              --Edmund Burke

                   

                   

                    sully16's avatar - sharan
                    Ringleader
                    Michigan
                    United States
                    Member #81740
                    October 28, 2009
                    40514 Posts
                    Online
                    Posted: March 9, 2011, 9:05 am - IP Logged

                    Good point sully.

                    That coulda got real interesting.

                    Sorry got busy with a customer, forgot to play them. hehehehehehe

                    Did you exchange a walk on part in the war ?

                    For a lead role in a cage?

                     

                                                                From Pink Floyd's " Wish you were here"