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Record Florida Powerball winner buys $1.175 million home

Topic closed. 101 replies. Last post 3 years ago by jamella724.

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Epistrophy's avatar - Lottery-042.jpg
San Diego, CA
United States
Member #112369
June 17, 2011
187 Posts
Offline
Posted: July 23, 2013, 1:39 pm - IP Logged

Hi everybody,

Long time no see (busy at work) and I have to quickly jump in and right back out, but I couldn't let this slide.  As bad as the 39% number sounds, it's worse than that.

Thanks to Obamacare, the top rate this year (and any jackpot winner would easily be in this bracket) is actually 43.4% because there is a 3.8% Unearned Income Medicare Contribution Tax on top of the top rate of 39.6% and the 3.8% extra tax applies to anyone earning over $200K ($250K for married filing status) for the year.

I hope everyone is doing well - I've kept up here by reading most of the posts as I get the chance, but I just had to reply here because we're steadily approaching the George Harrison "Taxman" scenario:

"If 5% appears to small, be thankful I don't take it all."

Good luck in lottoland, good people of LP!

Best regards.

    Epistrophy's avatar - Lottery-042.jpg
    San Diego, CA
    United States
    Member #112369
    June 17, 2011
    187 Posts
    Offline
    Posted: July 23, 2013, 1:41 pm - IP Logged

    Typo correction:

    "If 5% appears too small, be thankful I don't take it all."

      whiteballz's avatar - Lottery-015.jpg
      Nutley, New Jersey
      United States
      Member #131058
      August 1, 2012
      875 Posts
      Offline
      Posted: July 23, 2013, 2:41 pm - IP Logged

      Hi everybody,

      Long time no see (busy at work) and I have to quickly jump in and right back out, but I couldn't let this slide.  As bad as the 39% number sounds, it's worse than that.

      Thanks to Obamacare, the top rate this year (and any jackpot winner would easily be in this bracket) is actually 43.4% because there is a 3.8% Unearned Income Medicare Contribution Tax on top of the top rate of 39.6% and the 3.8% extra tax applies to anyone earning over $200K ($250K for married filing status) for the year.

      I hope everyone is doing well - I've kept up here by reading most of the posts as I get the chance, but I just had to reply here because we're steadily approaching the George Harrison "Taxman" scenario:

      "If 5% appears to small, be thankful I don't take it all."

      Good luck in lottoland, good people of LP!

      Best regards.

      At least Florida does not have state income tax. If she lived in the state of New York she would need to pay another 8.8% for state tax on top of federal income tax and the Unearned Income Medicare Contribution Tax.

      .

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
        Member #9
        March 24, 2001
        19818 Posts
        Online
        Posted: July 23, 2013, 5:08 pm - IP Logged

        Typo correction:

        "If 5% appears too small, be thankful I don't take it all."

        Were you aware you had up to 15 minutes to make corrections and changes in your original post?

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

          rdgrnr's avatar - walt
          Way back up in them dadgum hills, son!
          United States
          Member #73904
          April 28, 2009
          14903 Posts
          Offline
          Posted: July 23, 2013, 5:59 pm - IP Logged

          Hi everybody,

          Long time no see (busy at work) and I have to quickly jump in and right back out, but I couldn't let this slide.  As bad as the 39% number sounds, it's worse than that.

          Thanks to Obamacare, the top rate this year (and any jackpot winner would easily be in this bracket) is actually 43.4% because there is a 3.8% Unearned Income Medicare Contribution Tax on top of the top rate of 39.6% and the 3.8% extra tax applies to anyone earning over $200K ($250K for married filing status) for the year.

          I hope everyone is doing well - I've kept up here by reading most of the posts as I get the chance, but I just had to reply here because we're steadily approaching the George Harrison "Taxman" scenario:

          "If 5% appears to small, be thankful I don't take it all."

          Good luck in lottoland, good people of LP!

          Best regards.

          Good to see ya, Epistrophy!

            dpoly1's avatar - driver
            PA
            United States
            Member #66141
            October 16, 2008
            1672 Posts
            Offline
            Posted: July 23, 2013, 6:03 pm - IP Logged

            I see that the Greed of Envy Crybabies are whining about this lady "stealing" her jackpot!

            Crying

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

             

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

              helpmewin's avatar - dandy
              u$a
              United States
              Member #106665
              February 22, 2011
              19752 Posts
              Offline
              Posted: July 24, 2013, 2:36 pm - IP Logged

              did she not say the money will not change me. wow what a lying bitch. thanks because of you i will no longer belive anything old ladies or hags say.

              you funny Green laugh

                helpmewin's avatar - dandy
                u$a
                United States
                Member #106665
                February 22, 2011
                19752 Posts
                Offline
                Posted: July 24, 2013, 2:39 pm - IP Logged

                I didn't know that this Powerball Jackpot winner decided to get a new home.

                not new, used Yes Nod

                  helpmewin's avatar - dandy
                  u$a
                  United States
                  Member #106665
                  February 22, 2011
                  19752 Posts
                  Offline
                  Posted: July 24, 2013, 2:43 pm - IP Logged

                  You do now.

                  I Agree!

                    dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                    Oklahoma
                    United States
                    Member #82391
                    November 12, 2009
                    6290 Posts
                    Offline
                    Posted: July 24, 2013, 4:24 pm - IP Logged

                    Hi everybody,

                    Long time no see (busy at work) and I have to quickly jump in and right back out, but I couldn't let this slide.  As bad as the 39% number sounds, it's worse than that.

                    Thanks to Obamacare, the top rate this year (and any jackpot winner would easily be in this bracket) is actually 43.4% because there is a 3.8% Unearned Income Medicare Contribution Tax on top of the top rate of 39.6% and the 3.8% extra tax applies to anyone earning over $200K ($250K for married filing status) for the year.

                    I hope everyone is doing well - I've kept up here by reading most of the posts as I get the chance, but I just had to reply here because we're steadily approaching the George Harrison "Taxman" scenario:

                    "If 5% appears to small, be thankful I don't take it all."

                    Good luck in lottoland, good people of LP!

                    Best regards.

                    Good to see you back Epistrophy.Thumbs Up

                    I Love Pink & Green 1908

                      Epistrophy's avatar - Lottery-042.jpg
                      San Diego, CA
                      United States
                      Member #112369
                      June 17, 2011
                      187 Posts
                      Offline
                      Posted: July 26, 2013, 12:00 am - IP Logged

                      Thanks, and as well to Ridge.  RJ, I appreciate the heads-up about the 15 minutes of shame, as it were.  I picked my typo up off the floor within the 10-second rule, but it's good to know about that feature.

                      Thanks.

                        Avatar
                        Texas
                        United States
                        Member #132455
                        September 4, 2012
                        483 Posts
                        Offline
                        Posted: August 10, 2013, 11:41 am - IP Logged

                        She has the money to buy whatever she pleases. It may be too extravagant for some but she's capable of maintaining it. I just hope she is able to handle her finances well so she will not end up broke.