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Pa. man pleads guilty in bizarre lottery tax case

Topic closed. 73 replies. Last post 4 years ago by mjwinsmith.

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Wooddrive's avatar - Lottery-046.jpg
Delco PA
United States
Member #80104
September 16, 2009
194 Posts
Offline
Posted: September 28, 2012, 5:39 pm - IP Logged

You started with the names, son.

Remember? You called me buddy so I called you pal. Go look.

So why don't you just blow it out yer @$$, hick boy?

where I'm from "buddy" isn't derogatory. Pal isn't either, but you used it sarcastically and called me hick. Info alert, last time i checked Delaware County, Pa is no where near hickville. You are so clueless, oracle my Azz, sounds more like sour grapes because you had a hard life. Stop holding grudges and enjoy your twilight years... please fade away...

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
    United States
    Member #73904
    April 28, 2009
    14903 Posts
    Offline
    Posted: September 28, 2012, 5:40 pm - IP Logged

    It would be ironic if this guy was one of those people running around saying, "The rich need to pay their fair share."

    I'd say there's a good possibility.  It's always "someone else" who should pay.

    I was ruminatin' on the same thing, Todd.

    They all the time wanna sock it to the rich guy until they're the rich guy.

    Then they want new rules.


                                                 
                         
                                             

     

     

     

     

                                                                                                       

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

                                                                                                --Edmund Burke

     

     

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
      United States
      Member #73904
      April 28, 2009
      14903 Posts
      Offline
      Posted: September 28, 2012, 5:45 pm - IP Logged

      where I'm from "buddy" isn't derogatory. Pal isn't either, but you used it sarcastically and called me hick. Info alert, last time i checked Delaware County, Pa is no where near hickville. You are so clueless, oracle my Azz, sounds more like sour grapes because you had a hard life. Stop holding grudges and enjoy your twilight years... please fade away...

      You still here, numbnuts?

      I thought I told you to run along a while ago?

      Now beat it, hick boy. Go whittle on a stick or somethin'.


                                                   
                           
                                               

       

       

       

       

                                                                                                         

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

                                                                                                  --Edmund Burke

       

       


        United States
        Member #116268
        September 7, 2011
        20244 Posts
        Offline
        Posted: September 28, 2012, 5:45 pm - IP Logged

        where I'm from "buddy" isn't derogatory. Pal isn't either, but you used it sarcastically and called me hick. Info alert, last time i checked Delaware County, Pa is no where near hickville. You are so clueless, oracle my Azz, sounds more like sour grapes because you had a hard life. Stop holding grudges and enjoy your twilight years... please fade away...

        LOL.... The old "you used it sarcastically but I didn't" reasoning??? Way to funny, Woody...

        Until you get out of paying the 35% I think you lost the argument..... lol. lol. lol.

          Wooddrive's avatar - Lottery-046.jpg
          Delco PA
          United States
          Member #80104
          September 16, 2009
          194 Posts
          Offline
          Posted: September 28, 2012, 5:48 pm - IP Logged

          You still here, numbnuts?

          I thought I told you to run along a while ago?

          Now beat it, hick boy. Go whittle on a stick or somethin'.

          numbnuts? is that appalachia oracle speak? ...fade away...or do you want to tell your story on the couch.

            rdgrnr's avatar - walt
            Way back up in them dadgum hills, son!
            United States
            Member #73904
            April 28, 2009
            14903 Posts
            Offline
            Posted: September 28, 2012, 5:50 pm - IP Logged

            numbnuts? is that appalachia oracle speak? ...fade away...or do you want to tell your story on the couch.

            Numbnuts.

            Well son, if the shoe fits...


                                                         
                                 
                                                     

             

             

             

             

                                                                                                               

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

                                                                                                        --Edmund Burke

             

             

              Jill34786's avatar - Lottery-006.jpg
              Windermere, FL/Franklin, TN
              United States
              Member #50210
              March 1, 2007
              843 Posts
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              Posted: September 28, 2012, 5:52 pm - IP Logged

              It appears many folks are confused at what the true Federal tax rate is on Lottery winnings. The 25% Federal tax that gets witheld on major Jackpots is just the initial down payment. The top tier Federal tax rate is currently 35% and is set to go up in 2013. The winner is still responsible for the other 10% but he/she can mitigate the additional tax owed by working with an experienced CPA and tax attorney.

              This is the number one reason why so many Jackpot winners get in trouble because they assume that ALL Federal taxes have already been paid prior to collecting their winnings.

                Wooddrive's avatar - Lottery-046.jpg
                Delco PA
                United States
                Member #80104
                September 16, 2009
                194 Posts
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                Posted: September 28, 2012, 5:54 pm - IP Logged

                LOL.... The old "you used it sarcastically but I didn't" reasoning??? Way to funny, Woody...

                Until you get out of paying the 35% I think you lost the argument..... lol. lol. lol.

                hey Ronnie, you must understand that Federal tax is flexible. There are variables in everything we do, its called choice. Look at Romney, for example. why 13% and not less... or more. I'm not condoning breaking the law, more like playing the game we know the rich plays.


                  United States
                  Member #116268
                  September 7, 2011
                  20244 Posts
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                  Posted: September 28, 2012, 5:55 pm - IP Logged

                  It appears many folks are confused at what the true Federal tax rate is on Lottery winnings. The 25% Federal tax that gets witheld on major Jackpots is just the initial down payment. The top tier Federal tax rate is currently 35% and is set to go up in 2013. The winner is still responsible for the other 10% but he/she can mitigate the additional tax owed by working with an experienced CPA and tax attorney.

                  This is the number one reason why so many Jackpot winners get in trouble because they assume that ALL Federal taxes have already been paid prior to collecting their winnings.

                  Your trying to say people are responsible for understanding and obeying the law??? Interesting!!

                    Todd's avatar - Cylon 2.gif
                    Chief Bottle Washer
                    New Jersey
                    United States
                    Member #1
                    May 31, 2000
                    23273 Posts
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                    Posted: September 28, 2012, 5:56 pm - IP Logged

                    hey Ronnie, you must understand that Federal tax is flexible. There are variables in everything we do, its called choice. Look at Romney, for example. why 13% and not less... or more. I'm not condoning breaking the law, more like playing the game we know the rich plays.

                    Dude, Romney (or ANYONE) would pay that rate on their INVESTMENT INCOME.  Winning the lottery is REGULAR INCOME.

                    If you take some of that lottery money and INVEST it, then your INVESTMENT INCOME will only be taxed at the INVESTMENT INCOME rate.

                    Get it?

                    (I don't think you know the "game the rich play", because there is no game, other than getting taxed twice:  once when they first earn money, and then a second time when they invest their money and get investment income based on risking that money they've earned.)

                     

                    Check the State Lottery Report Card
                    What grade did your lottery earn?

                     

                    Sign the Petition for True Lottery Drawings
                    Help eliminate computerized drawings!

                      Wooddrive's avatar - Lottery-046.jpg
                      Delco PA
                      United States
                      Member #80104
                      September 16, 2009
                      194 Posts
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                      Posted: September 28, 2012, 5:57 pm - IP Logged

                      It appears many folks are confused at what the true Federal tax rate is on Lottery winnings. The 25% Federal tax that gets witheld on major Jackpots is just the initial down payment. The top tier Federal tax rate is currently 35% and is set to go up in 2013. The winner is still responsible for the other 10% but he/she can mitigate the additional tax owed by working with an experienced CPA and tax attorney.

                      This is the number one reason why so many Jackpot winners get in trouble because they assume that ALL Federal taxes have already been paid prior to collecting their winnings.

                      thank you, Jill. Yes, that 10% isn't due until the next file date. Like I said variables, timing is crucial, let the winnings work in your favor.


                        United States
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                        Posted: September 28, 2012, 5:58 pm - IP Logged

                        hey Ronnie, you must understand that Federal tax is flexible. There are variables in everything we do, its called choice. Look at Romney, for example. why 13% and not less... or more. I'm not condoning breaking the law, more like playing the game we know the rich plays.

                        Is that whats bothering you..... "the game we know the rich plays" ???

                          Littleoldlady's avatar - basket
                          Clarksville
                          United States
                          Member #487
                          July 15, 2002
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                          Posted: September 28, 2012, 5:59 pm - IP Logged

                          He should have just paid and been done with it.  He could have invested a portion of his winnings and still be making money.  Nice hit.  But for the life of me..50 cent tickets?  $104.00 on 1 number.  I know folks who put up to 20 bucks on 1 number..

                          If you know your number is going to hit, have patience and then KILL IT!

                          You never know when you will get another hit.


                            United States
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                            September 7, 2011
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                            Posted: September 28, 2012, 6:01 pm - IP Logged

                            He should have just paid and been done with it.  He could have invested a portion of his winnings and still be making money.  Nice hit.  But for the life of me..50 cent tickets?  $104.00 on 1 number.  I know folks who put up to 20 bucks on 1 number..

                            I would be willing to bet he played that number 1000 times.

                              Wooddrive's avatar - Lottery-046.jpg
                              Delco PA
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                              September 16, 2009
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                              Posted: September 28, 2012, 6:03 pm - IP Logged

                              Is that whats bothering you..... "the game we know the rich plays" ???

                              Nothing really bothers me. I'm too laid back. i just wish I had the money to invest so I can pay the low capital gains tax and let the money work for me.