Page 3: 16 maintenance workers said to be New Jersey Powerball winners

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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Toronto

United States
Member #135798
November 29, 2012
418 Posts
Offline

August 10, 2013, 1:42 pm

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Quote: Originally posted by HaveABall on August 10, 2013

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?

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.

JWBlue San Diego, CA United States Member #58384 February 12, 2008 328 Posts Offline	August 10, 2013, 2:47 pm ▲▼ Now the question is, how many people that did not win are going to stake a claim to a share of the jackpot.

RedStang NY United States Member #121955 January 21, 2012 3169 Posts Offline	August 10, 2013, 5:12 pm ▲▼ Quote: Originally posted by JWBlue on August 10, 2013 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

Gurnee, Illinois
United States
Member #49729
February 12, 2007
951 Posts
Offline

August 12, 2013, 4:48 pm

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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!

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 NY United States Member #121955 January 21, 2012 3169 Posts Offline	August 13, 2013, 12:53 am ▲▼ One lady (63) said she will keep working to get her pension. I would do the same.