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16 maintenance workers said to be New Jersey Powerball winners

Topic closed. 34 replies. Last post 9 years ago by RedStang.

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United States
Member #135798
November 29, 2012
418 Posts
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This 3.8% UIMT was simply another poor naming choice that occurred 3 years ago.  Regardless, a multi-hundred-thousands+ lottery jackpot winner still gets to pay it ... in addition to their County, State, and Federal Income Taxes.

Regarding the New Jersey State's Total Maximum 10.8% tax that used to appear in USAmega, now New Jersey only reads as 3%.  So, which additional states show us only the State's lower "initial withholding" and not what the total/actual State's Maximum Tax will be? Now I'm wondering if Illinois is also showing a lower number than actual maximum possible?

Disapprove

http://www.pwc.com/en_US/us/washington-national-tax/newsletters/private-company-services-tax/assets/pwc-understanding-net-investment-income-tax.pdf

Here's a document explaining the 3.8% tax.

"Not addressed in the preamble or regulations is the treatment of income from currency transactions that are not associated with a trade or business, lottery/gambling winnings, foreign pension plan payments, or foreign government plan payments."

You can also look at the law yourself. It doesn't list gambling winnings.

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    San Diego, CA
    United States
    Member #58384
    February 12, 2008
    328 Posts
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    Now the question is, how many people that did not win are going to stake a claim to a share of the jackpot.

      RedStang's avatar - laughing chimp.gif
      NY
      United States
      Member #121955
      January 21, 2012
      3169 Posts
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      Now the question is, how many people that did not win are going to stake a claim to a share of the jackpot.

      I was wondering also if there were other workers that refused to play. We have a few buttheads that never join our lotto pool.

        OldSchoolPa's avatar - Lottery-057.jpg
        Gurnee, Illinois
        United States
        Member #49729
        February 12, 2007
        951 Posts
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        On one hand, it is nice that people in this NJ garage lottery pool impacted by Hurricane Sandy won, but on another hand, one of the group members mentioned they only play when the jackpot gets big and that really sucks! That is why I want to be the sole winner of a mondo humongous jackpot so I can say I have played lottery as soon as I was of legal age and do so even when I travel (subscription, advance plays, calls to relative in another state, etc.). Or I could just aim to piss people off, and lie and say that was the first lottery ticket I ever purchased! What?MadROFLStooges

        Get MONEY!!! Winning a JACKPOT lottery is one  MIRACLE I desire for 2019!!!  NOW come to my subconscious mind you 6 winning numbers!US Flag

          RedStang's avatar - laughing chimp.gif
          NY
          United States
          Member #121955
          January 21, 2012
          3169 Posts
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          One lady (63) said she will  keep working to get her pension. I would do the same.