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Bill would allow Texas Lottery winners to pay for anonymity

Topic closed. 89 replies. Last post 2 years ago by GYM RICE.

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United States
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July 6, 2011
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Posted: February 18, 2015, 12:30 pm - IP Logged

When you think about it there's some people out there that would consider the 5% a bargain if they owe money, child support, get divorced months after the winning numbers and then go collect on the down low.  This opens up a whole world of problems.

No. This would NOT be the case. This is about Government making more money. This "bill" most certainly will include provisions to garnish any winnings based on things like "child support", back taxes, public debts, etc... THIS WILL NOT BE AN OUT FOR THAT

This bill will only allow the winner to remain anonymous to the General Public for purposes of reporting who wins.

It's Just a bill to garner more revenue and nothing else.

5% is quite a bit to fork over to maintain your privacy. 

The lottery argues that publishing the winners names is all done to maintain the "integrity" of the games it sells. 

This 5% payment option to maintain your anonymity if you win more than $1 Million dollars just goes to show you that the Lottery agencies are more concerned with more revenue than they are about publishing the winners names. 

Pretty much speaks for itself

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    United States
    Member #163996
    February 15, 2015
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    Posted: February 18, 2015, 12:57 pm - IP Logged

    This bill is nonsense!  Just another example of legalized extortion.  Someone should slap the idiot who came up with this idea....not just one slap, but two!  Hit With Stick

      Tony Numbers's avatar - Lottery-022.jpg
      Bronx ny
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      August 25, 2014
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      Posted: February 18, 2015, 1:15 pm - IP Logged

      This is a society of people who already give up their privacy with Facebook twit er and celebrity worship. Just show up claim sign keep your trap shut then leave.

        HaveABall's avatar - rocket

        United States
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        March 18, 2009
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        Posted: February 18, 2015, 2:13 pm - IP Logged

        Unbelievable, and they call themselves Americans. I think they should replace the majority of these lawmakers.

        Just another fast Money scheme...

        I Agree!, MADDOG10, what ... does the government think that they are the new Mob (you pay the enforcer the asked for amount and you receive "protection")? 

        It's deranged how several of these worldwide law makers think of their role in "representing" humanity!!! Thud

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

        Disney

          hearsetrax's avatar - 0118

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          May 21, 2007
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          Posted: February 18, 2015, 2:18 pm - IP Logged

          This is a society of people who already give up their privacy with Facebook twit er and celebrity worship. Just show up claim sign keep your trap shut then leave.

          lucky 4 me I have none of those problems .......

          but I plan to have a currently trust worthy friend set up the dozen phoney accounts

            Dead_Aim's avatar - canstock2002989

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            August 20, 2004
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            Posted: February 18, 2015, 2:34 pm - IP Logged

            This bill is nonsense!  Just another example of legalized extortion.  Someone should slap the idiot who came up with this idea....not just one slap, but two!  Hit With Stick

            I Agree! , but why on earth would you just stop at one or two. Chair 

            I believe there is a special place for politicans and lawyers (generally, one in the same) to rot in hell. Red Devil

            The only reason they are still on earth is because of the overcrowding. Big Grin

            Don't Chase... Compare and Narrow

            The Cheaper the Cost the Higher the Profit

            Many Winners to You.

            D_A

              LottoLucy's avatar - hereslucy header.jpg

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              August 14, 2012
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              Posted: February 18, 2015, 3:09 pm - IP Logged

              Texas lawmakers are considering a bill that would allow big lottery winners to keep their identity a secret, but they would have to pay for that privilege.

              Right now, Texas Lottery winners are not allowed to remain anonymous. In some cases, individuals have established a trust or turned their winning ticket over to a trust to claim the prize for them. But, Texas law requires that someone come forward to participate in a news conference and collect the money.

              House Bill 1504 would change that and allow winners of more than $1 million to keep their privacy, if they are willing to part with some of their prize money.  The proposed bill would allow winners to remain anonymous if they fork over 5% of their winnings.

              The bill is titled, Relating to a lottery prize winner's choice to remain anonymous on authorization to withhold five percent of winnings, and was introduced Tuesday by Rep. Terry Canales (D).

              The 5% would go to the state lottery account, which is used to payout prizes, for operation and administration of the lottery, and foundation school fund.

              Okayyyyy.  I think I have finally heard everything. Crazy

              Lotto Lucy

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                NY, New York
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                February 18, 2015
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                Posted: February 18, 2015, 3:22 pm - IP Logged

                Considering Texas has no state tax on lottery prizes, 5% to go anonymous is fine.

                  Drenick1's avatar - villiarna
                  USA
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                  February 25, 2014
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                  Posted: February 18, 2015, 3:33 pm - IP Logged

                  I know it sounds like legalized extortion but Texas does not have a state income tax. In NC, they withhold 6% for state income taxes initially but then hit you with the balance of an additional 1.75% when you file your taxes.

                  If I bought a winning jackpot ticket in TX, I would bypass the anonymity tax and just hire my own security for a year. After a year, even the most hardcore moochers/criminals will have long given up.

                    MillionsWanted's avatar - 24Qa6LT

                    Norway
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                    December 10, 2004
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                    Posted: February 18, 2015, 3:38 pm - IP Logged

                    Looks like a form of extortion, but I would probably used the offer to keep the anonymity.

                    Anonymity is standard for lottery winners in Norway.

                      Think's avatar - lightbulb
                      Marquette, MI
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                      August 20, 2005
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                      Posted: February 18, 2015, 3:59 pm - IP Logged

                      "The bill is titled, Relating to a lottery prize winner's choice to remain anonymous on authorization to withhold five percent of winnings, and was introduced Tuesday by Rep. Terry Canales (D)."

                      Well there is the problem.  Rep Terry Canales (D) <--- the problem

                      They got this one backwards.

                      Because the state wants to remain transparent the state should have to assign a security team to big winners and at taxpayer expense.

                      The team should have to stay on and protect the winner for the duration of what the annuity payout period is regardless of whether the winner takes the annuity or cash.

                      Problem solved and the state gets their transparency.

                        ttech10's avatar - blobdude
                        Texas
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                        Posted: February 18, 2015, 4:41 pm - IP Logged

                        So if I won the next jackpot, they'd want $3m to keep my name private? I think I'd prefer to just hire an attorney for a fraction of that and claim via a trust or LLC. My name would still be discoverable via an open records request, but at least I would still be fairly anonymous and would have those extra millions.

                        I don't like it, but I really don't think this is that terrible, simply because the winnings currently aren't taxed on the state level and it's on par with those states that do have that (and it is optional).

                         

                        Also, Todd, I think this statement is wrong:

                        But, Texas law requires that someone come forward to participate in a news conference and collect the money.

                        I'm pretty certain winners can opt for "minimal publicity", which means they don't have to participate in a news conference.

                          Get paid's avatar - Lottery-062.jpg
                          texas
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                          February 11, 2014
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                          Posted: February 18, 2015, 4:45 pm - IP Logged

                          Doesn,t matter one way or the other huge jackpot,that gets national attention,I want to be anonymous,5% or trust.

                            Romancandle's avatar - moon
                            Upacreek
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                            Posted: February 18, 2015, 5:39 pm - IP Logged

                            Absolutely ridiculous...

                            I didn't know Texas didn't collect state taxes on lottery winning...

                            Propose a bill to collect state taxes on the lottery then... don't disguise it as a "privacy" tax.

                            -RC

                              RJOh's avatar - chipmunk
                              mid-Ohio
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                              March 24, 2001
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                              Posted: February 18, 2015, 5:43 pm - IP Logged

                              Absolutely ridiculous...

                              I didn't know Texas didn't collect state taxes on lottery winning...

                              Propose a bill to collect state taxes on the lottery then... don't disguise it as a "privacy" tax.

                              "Propose a bill to collect state taxes on the lottery then... don't disguise it as a "privacy" tax."

                              If they did that they would probably tax all winners, even the ones with the lower prizes.

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