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One New Jersey lottery player wins $429.6 million Powerball jackpot

Topic closed. 76 replies. Last post 7 months ago by golfer1960.

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mypiemaster's avatar - 2015021003pileofcash
JACKPOT HUNTER

United States
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April 2, 2013
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Posted: May 9, 2016, 1:40 am - IP Logged

Normally it's nice to know a single ticket won. 

normally being the operative word.

When uncles Sam and nj clear out half thru taxing.. It just deflates the joy in this for the winner. 

Its a matter of facts... Would you really be overjoyed writing Uncle Sam 75 million? Not me...

Anyhoos the person can live well .. So blessings to them...

Winners should never be forced to pay taxes on lottery winnings. There is absolutely no legitimate reasons why lottery winnings should be taxed. You already pay income, state, sales taxes and some other taxes you are not even aware of. Why do you think that they take 25-33% off the top before even cutting you a check?.

They are apprehensive of the fact that some winners will take the money and run. Take the current NJ WINNER, that individual will end up paying $80m or more in taxes. YIKES. With that $80m, I can send all the kids in my area to college for free, buy them their first homes with a car in each garage and still have enough money left to have fun with. ALL I'M TRYING TO SAY IS THAT LOTTERY WINNINGS SHOULD NEVER BE TAXED. Winners can spend it more wisely than the fed. or state governments.

Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

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    NY
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    Member #23835
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    Posted: May 9, 2016, 2:08 am - IP Logged

    "Would you really be overjoyed writing Uncle Sam 75 million?"

    Since I'm not an idiot, yes. Writing a check that big would mean I still had a bit over $100 million in the bank.

    The NJ winner may wish they could keep more for themselves, but I guarantee they'll be a lot happier writing that check to the IRS than they'd be if they were a loser whining on the internet about somebody else's tax bill.

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      Posted: May 9, 2016, 5:50 am - IP Logged

      For me, and winning that amount from the powerball, it would not be a problem paying the taxes.  The example was, paying 75 million in taxes and than having 100 million in the bank, mmmmmmmm, nope it would not take away any joy.

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        smithfield
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        August 28, 2008
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        Posted: May 9, 2016, 9:41 am - IP Logged

        I am curious what time of the day did the person buy the winning ticket?

          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
          Bay Area - California
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          December 12, 2012
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          Posted: May 9, 2016, 11:31 am - IP Logged

          "Would you really be overjoyed writing Uncle Sam 75 million?"

          Since I'm not an idiot, yes. Writing a check that big would mean I still had a bit over $100 million in the bank.

          The NJ winner may wish they could keep more for themselves, but I guarantee they'll be a lot happier writing that check to the IRS than they'd be if they were a loser whining on the internet about somebody else's tax bill.

          I Agree!..As a good friend of mine likes to say " What's the complaint about- you ending up with more money than what you started out with. "

          People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

            wander73's avatar - Lottery-038.jpg
            Philadelphia, PA
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            March 24, 2014
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            Posted: May 9, 2016, 12:34 pm - IP Logged

            I can tell you all it wasn't me.  However I have candy machines towards that 7-11.   I live about half hour - 40 minutes from there.

              wander73's avatar - Lottery-038.jpg
              Philadelphia, PA
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              Posted: May 9, 2016, 12:36 pm - IP Logged

              I am curious what time of the day did the person buy the winning ticket?

              The ticket was bought sometime on a Tuesday and it was a woman.  I know for a fact.  The woman customer is a regular to that store.  Not sure though anything of the woman.  However if that person is smart enough they will do three things.

                wander73's avatar - Lottery-038.jpg
                Philadelphia, PA
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                Posted: May 9, 2016, 12:42 pm - IP Logged

                Winners should never be forced to pay taxes on lottery winnings. There is absolutely no legitimate reasons why lottery winnings should be taxed. You already pay income, state, sales taxes and some other taxes you are not even aware of. Why do you think that they take 25-33% off the top before even cutting you a check?.

                They are apprehensive of the fact that some winners will take the money and run. Take the current NJ WINNER, that individual will end up paying $80m or more in taxes. YIKES. With that $80m, I can send all the kids in my area to college for free, buy them their first homes with a car in each garage and still have enough money left to have fun with. ALL I'M TRYING TO SAY IS THAT LOTTERY WINNINGS SHOULD NEVER BE TAXED. Winners can spend it more wisely than the fed. or state governments.

                I wish my dad was alive and I would give you a better answer.  Unfortunately he passed away back in Feb.

                 

                Okay lets see.  We don't know what her income bracket was, we don't know anything about the person.

                Here is my thing about the lottery.  When someone hits there should be some circumstances as to what the person should do first.   Cash option.  So you're telling me you would give that amt away.  Not so fast.

                  malin1257's avatar - 8ball
                  Antwerp
                  Belgium
                  Member #86174
                  January 30, 2010
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                  Posted: May 9, 2016, 2:04 pm - IP Logged

                  I'm witholding my congrats to the winner for now, until the win is determined fair.  The NJ PB will be investigated for fraud. Check the number of PB & MEGA jackpot winners.

                    TheGameGrl's avatar - character catafly.jpg
                    A long and winding road
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                    Posted: May 9, 2016, 2:20 pm - IP Logged

                    I Agree!..As a good friend of mine likes to say " What's the complaint about- you ending up with more money than what you started out with. "

                    Pick different friends, particularly ones that understand that the moment you have money taken, you are not "having more".

                    I sincerely doubt that genuine honesty on this answer would result in "yes I would be overjoyed to give 75 million". 

                    But then I live in the factual data , its that old silly accounting lifestyle. 

                    this logic is what keeps the govt in your pockets....

                    ~~Is it true, Is it kind,Is it necessary. ~~~

                     Thanks be to the giving numbers: 1621,912,119 02014

                      Deo-nonfortuna's avatar - hqdefault
                      NJ
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                      Posted: May 9, 2016, 2:34 pm - IP Logged

                      Thank you as I had a brain fart. Princeton or Harvard in my opinion are similar snob institutions.

                      Actually the winning ticket was bought from a 7-11 in Trenton. I can assure u there aren't whole lot of yuppy snobs there.

                        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                        Bay Area - California
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                        Posted: May 9, 2016, 2:35 pm - IP Logged

                        Pick different friends, particularly ones that understand that the moment you have money taken, you are not "having more".

                        I sincerely doubt that genuine honesty on this answer would result in "yes I would be overjoyed to give 75 million". 

                        But then I live in the factual data , its that old silly accounting lifestyle. 

                        this logic is what keeps the govt in your pockets....

                        l think you misunderstood my answer. How about an example.  Let's say you have been playing the lottery for decades, and being on the losing end all those years. Then One Day your ship comes in- let's say the very ship that came in for this lucky winner From NJ. Given the millions that you end up " keeping"- do you as a now multi millionaire look back on all those years that you lost and say " l think l must have wagered at least $20,000 before l hit it big, so even though l end up with millions,  l think it unfair that Uncle Sam is taking a decent chunk out of my winnings. " My original point stands : You ending up with more money than you started out with. There is no milk to cry over. Btw- Uncle Sam is here to stay,  get used to it. 

                        People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                          Drenick1's avatar - villiarna
                          USA
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                          Posted: May 9, 2016, 6:39 pm - IP Logged

                          Actually the winning ticket was bought from a 7-11 in Trenton. I can assure u there aren't whole lot of yuppy snobs there.

                          You're probably right. I doubt any of those snobs could set foot inside a 7-11 as it would be beneath them.

                            sully16's avatar - sharan
                            Ringleader
                            Michigan
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                            October 28, 2009
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                            Posted: May 9, 2016, 8:00 pm - IP Logged

                            And another pot blocker wins my Powerball again.  No congrats.

                            Hit With Stick Yours, didn't see your name on it.

                            Did you exchange a walk on part in the war ?

                            For a lead role in a cage?

                             

                                                                        From Pink Floyd's " Wish you were here"

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                              November 17, 2014
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                              Posted: May 9, 2016, 8:15 pm - IP Logged

                              Got 2 numbers from last PB drawing.  just 4 away  from being a millionaire.  Anybody matched any numbers.