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U.S. lawmaker hits the lottery

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Lady Luck smiled on a few House members last year.

New Jersey Rep. Frank Pallone claimed nearly $25,000 in lottery winnings in 2010, according to the latest yearly disclosure forms filed with the House of Representatives.

Likewise, Rep. Dave Reichert, a Washington state Republican, won somewhere in the range $200 to $1,000 during a trip to the Snoqualmie Casino outside Seattle.

Mr. Pallone, a Democrat, owes his haul to his dad. The congressman and his brother pool their money with their father, who buys lottery tickets just about every day at a convenience store near his used-car lot, the congressman said.

Last year, the trio finally won a big prize, claiming $75,000. Split three ways, that came out to $24,835 for Mr. Pallone. He said it was the family’s biggest win, and that his dad continues to play.

With the win, Mr. Pallone joins retired New Hampshire Sen. Judd Gregg and Wisconsin Rep. James Sensenbrenner as members of Congress to win the lottery.

Wall Street Journal

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12 comments. Last comment 5 years ago by JAP69.
Page 1 of 1

United States
Member #108380
March 25, 2011
505 Posts
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Posted: June 16, 2011, 3:57 pm - IP Logged

after dividing 75K 3 ways i don't get 24,835 before taxes or after taxes..why this odd amount..after taxes it should be about 51K divided 3 ways for about 17K apiece... or do these state rep hacks get out of paying taxes (probably)? as far as reichert 200.00 casino win goes how does anyone know that. it is certainly under the tax threshhold and certainly not reportable...

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
    United States
    Member #73904
    April 28, 2009
    14903 Posts
    Offline
    Posted: June 16, 2011, 5:08 pm - IP Logged

    My personal opinion is that government officials should be prohibited from playing the lottery the same as lottery officials. I think it's not only important to maintain propriety but to also remove the slightest hint of impropriety.

    They all seem to become millionaires or multi-millionaires in office anyway without winning the lottery.


                                                 
                         
                                             

     

     

     

     

                                                                                                       

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

                                                                                                --Edmund Burke

     

     


      Canada
      Member #68663
      December 27, 2008
      260 Posts
      Offline
      Posted: June 16, 2011, 6:45 pm - IP Logged

      after dividing 75K 3 ways i don't get 24,835 before taxes or after taxes..why this odd amount..after taxes it should be about 51K divided 3 ways for about 17K apiece... or do these state rep hacks get out of paying taxes (probably)? as far as reichert 200.00 casino win goes how does anyone know that. it is certainly under the tax threshhold and certainly not reportable...

      According to US tax laws, all casino and lottery wins are taxable and must be reported regardless of the amount. Even though I do not live in the US, I have filed US tax returns to declare US lottery wins.


        Canada
        Member #68663
        December 27, 2008
        260 Posts
        Offline
        Posted: June 16, 2011, 10:03 pm - IP Logged

        after dividing 75K 3 ways i don't get 24,835 before taxes or after taxes..why this odd amount..after taxes it should be about 51K divided 3 ways for about 17K apiece... or do these state rep hacks get out of paying taxes (probably)? as far as reichert 200.00 casino win goes how does anyone know that. it is certainly under the tax threshhold and certainly not reportable...

        I also thought the $24,835 was an odd amount. I think the amount represents what he won minus what he spent. And so he only pays taxes on $24,835 and that becomes the reported number.

          dpoly1's avatar - driver
          PA
          United States
          Member #66141
          October 16, 2008
          1672 Posts
          Offline
          Posted: June 17, 2011, 9:26 am - IP Logged

          I am glad that a Politician got to pay more of the very high taxes in NJ ................

          let them contribute .................... they should be excluded if they have any direct oversight of the lottery though ..................

          Roll Eyes

            sully16's avatar - sharan
            Ringleader
            Michigan
            United States
            Member #81740
            October 28, 2009
            40250 Posts
            Online
            Posted: June 17, 2011, 10:24 am - IP Logged

            How nice, congrats.

            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"

              dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
              Oklahoma
              United States
              Member #82391
              November 12, 2009
              6290 Posts
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              Posted: June 17, 2011, 10:16 pm - IP Logged

              I didn't know politicians played the lottery.......first celebrities(Simon Cowell) now lawmakers.......whose next????

                savagegoose's avatar - ProfilePho
                adelaide sa
                Australia
                Member #37136
                April 11, 2006
                3300 Posts
                Offline
                Posted: June 18, 2011, 7:04 am - IP Logged

                quote monty burns

                when asked what he was going to do with it he replied " throw it on the pile with the rest "

                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

                  hillbillybob's avatar - Lottery-050.jpg
                  New Member
                  Brilliant,OH
                  United States
                  Member #112460
                  June 19, 2011
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                  Posted: June 21, 2011, 8:20 am - IP Logged

                  they need to play a lot more....come 2012 they will need money comeing in to live on.....i hope the best for all of u

                    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: June 21, 2011, 9:25 am - IP Logged

                    they need to play a lot more....come 2012 they will need money comeing in to live on.....i hope the best for all of u

                    Welcome to Lottery Post hillbillybob!

                    I don't feel so alone now!

                    Yeeeeeeeeee haaaaaaaaaaaaaaaa!


                                                                 
                                         
                                                             

                     

                     

                     

                     

                                                                                                                       

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

                                                                                                                --Edmund Burke

                     

                     

                      time*treat's avatar - radar

                      United States
                      Member #13130
                      March 30, 2005
                      2171 Posts
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                      Posted: June 23, 2011, 10:31 am - IP Logged

                      quote monty burns

                      when asked what he was going to do with it he replied " throw it on the pile with the rest "

                      Wouldn't you like to hear that at a news conference? Green laugh

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

                        JAP69's avatar - alas
                        South Carolina
                        United States
                        Member #6
                        November 4, 2001
                        8790 Posts
                        Online
                        Posted: June 23, 2011, 11:43 am - IP Logged

                        I didn't know politicians played the lottery.......first celebrities(Simon Cowell) now lawmakers.......whose next????

                        Opera singers, dog catchers. Big Grin

                        WHATT