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Brooklyn teen wins $1,000 a week for life

Topic closed. 62 replies. Last post 4 years ago by Tutu305.

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Scott311's avatar - 311 logo01.jpg
N.C.
United States
Member #59229
March 9, 2008
327 Posts
Offline
Posted: June 13, 2012, 2:49 pm - IP Logged

He has to pay almost 38% in taxes?! Seem a bit steep for only 52k per year! What?

    SaintAndiesPl's avatar - animal butterfly.jpg
    Yonkers, NY
    United States
    Member #127830
    May 10, 2012
    120 Posts
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    Posted: June 13, 2012, 2:53 pm - IP Logged

    Nice... he does not have to wrorry about working if he does not want too. He can live just within his means and he will be just find.. Or he can work as well and live a nice upper class life.. That is amazing .. I wish him the best..

    It Takes More Than a Dollar and a Dream :)

      Saylorgirl's avatar - Lottery-065.jpg
      Indiana
      United States
      Member #129225
      June 13, 2012
      546 Posts
      Offline
      Posted: June 13, 2012, 2:56 pm - IP Logged

      Congratulations both on your win and on your graduation!!

        lambo1013's avatar - Lamborghini Aventador-LP700-4-Configurator.jpg
        Brooklyn, New York
        United States
        Member #126795
        April 16, 2012
        830 Posts
        Offline
        Posted: June 13, 2012, 3:18 pm - IP Logged

        How many tickets did he buy. Never had luck with this game.

        He bought 5 at that time. He's not a big gambler..lol I use to tell him to go to my dads store for lottery but he never came in :(

        Cause every setback sets you up for a comeback

          Jill34786's avatar - Lottery-006.jpg
          Windermere, FL/Franklin, TN
          United States
          Member #50210
          March 1, 2007
          843 Posts
          Offline
          Posted: June 13, 2012, 4:10 pm - IP Logged

          He has to pay almost 38% in taxes?! Seem a bit steep for only 52k per year! What?

          25% Federal and the rest in state and local tax. Money doesn't go to far in his area.

            smooth11484's avatar - Lottery-053.jpg
            ohio
            United States
            Member #125198
            March 26, 2012
            1894 Posts
            Offline
            Posted: June 13, 2012, 4:21 pm - IP Logged

            From the article "said he plans to splurge on a new BMW and pay for his college education."

            New BMW -- BAD idea.  Pay for college -- GOOD idea.  $32k a year is not enough to live a BMW lifestyle.  He would need to work and the lottery will be a great supplement for life.  I suspect it will not end well.

            R YOU DRUNK OR YOU HATING i think both you think im not going to splurg if i get 1000 a week ??? whats a "bmw' lifestyle ????

            .

              Jill34786's avatar - Lottery-006.jpg
              Windermere, FL/Franklin, TN
              United States
              Member #50210
              March 1, 2007
              843 Posts
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              Posted: June 13, 2012, 4:51 pm - IP Logged

              R YOU DRUNK OR YOU HATING i think both you think im not going to splurg if i get 1000 a week ??? whats a "bmw' lifestyle ????

              He was most likely referring to a lavish lifestyle. The winner nets $32,398 per year after taxes which comes out to about $623 per week.  A well equipped 335i will set him back about 50k. Assuming he finances the entire purchase,  factor in gas/insurance and he could very well be looking at $1600-1800 per month.

              That kind of money doesn't go too far in NY city especially if splurging on a nice vehicle. He can most likely make ends meet if he plans on living with his parents for a very long time.

                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 13, 2012, 4:56 pm - IP Logged

                $1000 a week is chump change after taxes nowadays.

                That ain't BMW money unless a BMW is all he wants out of life.


                                                             
                                     
                                                         

                 

                 

                 

                 

                                                                                                                   

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

                                                                                                            --Edmund Burke

                 

                 

                  Todd's avatar - Cylon 2.gif
                  Chief Bottle Washer
                  New Jersey
                  United States
                  Member #1
                  May 31, 2000
                  23274 Posts
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                  Posted: June 13, 2012, 6:40 pm - IP Logged

                  $1000 a week is chump change after taxes nowadays.

                  That ain't BMW money unless a BMW is all he wants out of life.

                  I agree, but this win + a regular job = very nice income.  The tough thing about winning so young is that he won't feel the burning need to get and keep a good job.  But if he can make it happen, he's going to have a lot of advantages in life.

                   

                  Check the State Lottery Report Card
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                    United States
                    Member #111442
                    May 25, 2011
                    6323 Posts
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                    Posted: June 13, 2012, 7:00 pm - IP Logged

                    I agree, but this win + a regular job = very nice income.  The tough thing about winning so young is that he won't feel the burning need to get and keep a good job.  But if he can make it happen, he's going to have a lot of advantages in life.

                    We need more winners like this, in our 30-40-50-60+ LP membership base. I think the "Lucky for Life" game ($1000 per day for life), is ready to

                    give up a new winner soon. This way we can lead the BMW, Lexus, Mercedes lifestyle without scrimping. (no need to live with our parents either!).

                      DC81's avatar - batman39
                      MI
                      United States
                      Member #54830
                      August 31, 2007
                      985 Posts
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                      Posted: June 13, 2012, 7:05 pm - IP Logged

                      Salo � who rarely plays the lottery but beat the 1 in 7,896,000 odds with his single ticket � said he plans to splurge on a new BMW and pay for his college education.

                      LOL First the BMW thing, maybe he works and will keep working because he will certainly need to if he buys a NEW BWM. That 52k per year before taxes ain't gonna cover it but as a supplement income, not bad at all. Second, he rarely plays the lottery? LOL He's 18 freaking years old, he hasn't had the chance to really regularly PLAY the lottery yet, at least legally.

                      You can't predict random.

                        SaintAndiesPl's avatar - animal butterfly.jpg
                        Yonkers, NY
                        United States
                        Member #127830
                        May 10, 2012
                        120 Posts
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                        Posted: June 13, 2012, 8:59 pm - IP Logged

                        I agree, but this win + a regular job = very nice income.  The tough thing about winning so young is that he won't feel the burning need to get and keep a good job.  But if he can make it happen, he's going to have a lot of advantages in life.

                        That's a good thing.. you know how many keep working on a job they hate so much just to keep the check rolling in so they can pay their bills? (cough coughmememecough) ...  I say 1,000 a week is a blessing even after taxes.. He does not have to stay on a job if he hates it.. he has options to stay in school and get a degree and not have to worry about how to pay his loan ...

                        It Takes More Than a Dollar and a Dream :)

                          HaveABall's avatar - rocket

                          United States
                          Member #72448
                          March 18, 2009
                          1228 Posts
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                          Posted: June 14, 2012, 12:32 am - IP Logged

                          Rob, congratulations on your exciting lottery jackpot win! Banana

                          "You keep livin" then.

                          Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                          Disney

                            Avatar

                            United States
                            Member #94616
                            July 24, 2010
                            4735 Posts
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                            Posted: June 14, 2012, 3:30 am - IP Logged

                            He has to pay almost 38% in taxes?! Seem a bit steep for only 52k per year! What?

                            Yup, its not easy to get by here in NY with the ever increasing taxes.  This guy will learn about that too! I agree with Todd that if he can make the most of this early 'gift' he has been given in life he could go far.  And he is learning FAST how much NY taxes you!

                            I like to try to beat NY out of the taxes - play games that only pay $600 or less (Numbers & Win 4) and then 'press' those games up to be able to win for MORE than the $600 cap by playing multiple tickets.  Hit for $800 on 4 - $200 tickets before.  NO TAXES outta that win!!! But NY gets back at me cuz I also play Take 5, and sometimes Mega & Powerball I have hit for over $600 on those and had to pay taxes on it!! 

                              dpoly1's avatar - driver
                              PA
                              United States
                              Member #66141
                              October 16, 2008
                              1672 Posts
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                              Posted: June 14, 2012, 9:08 am - IP Logged

                              Did anyone notice that the winning Powerball ticket was most likely won by a rich east coast person/s ............ oh wait, it was won in the midwest, Iowa!

                              Eek

                              dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                               

                              Eschew Poverty ........... Vote Conservative!