Florida lottery winners indicted on tax charge

Comment #22

TNPATL — Wed, 31 May 2006 20:09:01 GMT

Sorry but I don't feel sorry for these folks. I have a cousin who said this to me one day If I win the lottery, I will be telling the rest of my family members to keep their jobs. I would do the same thing. Folks want a bigger car? TOUGH!!! I'm good at say NO, NO, NO, NO, NO, NO If all else fails.F OFF!!!

I know for a fact I would have family members I NEVER hear from coming out of the wood work and I would tell them to crawl back under the rock they came out of.

Comment #21

CASH Only — Tue, 30 May 2006 13:55:55 GMT

People who win annuities are cursed. If they won all over again, I'm sure they would prefer cash.

Comment #20

bellyache — Sat, 29 Apr 2006 17:14:14 GMT

You know this how? Has there been research done that shows people who take annuity over cash are somehow more likely to lose their money. I would like to see proof of this.

Comment #19

CASH Only — Mon, 17 Apr 2006 17:23:20 GMT

It would seem that people who receive annuity payments, whether or not there was a cash option, are more likely to face problems than those who collected in lump sum.

Comment #18

csfb — Sun, 16 Apr 2006 11:25:51 GMT

Ha, ha, ha... that is funny

Comment #17

HiYoSilver — Sun, 16 Apr 2006 10:50:36 GMT

It looks to me like they sold some of the annuities in different years. The annuity companies will buy X years of payments for cash. They probably sold off the last years of the annuity to get the cash and didn't claim all the income on their taxes.

These stories make good press, but I don't think they represent the majority of the winners. Most go on to live quietly and enjoy the freedom the money gives them.

Comment #16

TheGameGrl — Sun, 16 Apr 2006 03:29:27 GMT

I was quoting the article CashONly, not your commentary.

The article clearly stated the above mentioned. thus why there were quotations from the ORIGINAL Article.

And thank you for reading my opinion

Comment #15

LOTTOMIKE — Sat, 15 Apr 2006 07:39:32 GMT

666,666 says it all.if those numbers aren't cursed i don't know what is....

.................

Comment #14

justxploring — Sat, 15 Apr 2006 07:05:33 GMT

Quote: Originally posted by TheGameGrl on April 14, 2006 The Toths opted to receive their $13 million share in annual payments of $666,666 until 2010. They were excited, but worried.

Correct me here, but I am sure that 2010 hasnt transpired yet. That being the case they still have an opportunity to settle with the IRS on the TRUE debt owed (if any). As a natural skeptic when reading any media I would like to believe there is more to this story then is being told. Best to live and learn fro... [ More ]

Comment #13

LckyLary — Fri, 14 Apr 2006 23:02:34 GMT

They reported their income as 1.6 million, 1.4 million.. their payments were $666,666.... doesn't that meant they overstated it??? How did they earn MORE THAN 1.6 million in one year?????? What exactly did they fail to claim

Comment #12

SassyOhio — Fri, 14 Apr 2006 20:20:03 GMT

I agree with ya there on that one and also I think that all states should allow winners to remain unknown!!! Its hard when you got sick people and charities and churches and all this and that in your face I am sure so a combination of management programs and investment programs and privacy would surely give them a better chance at decisions

Comment #11

tamutaylor — Fri, 14 Apr 2006 19:14:16 GMT

It seems like the states should start a program that gets these people in touch with a financial advisor when they win. It would be cheaper than paying for their welfare after they go broke in a few years.

Comment #10

petergrfn — Fri, 14 Apr 2006 18:56:00 GMT

These people did practically every thing wrong after winning the lottery. They didn't try and invest the money. Didn't have a plan to reduce the tax bit on there jackpot after the win. And they according to another article I read sold the rest of their annuity payments to a company for a lump sum payment. SO they have likely lost most of their winnings my guess if they still have enough to pay off the govenment for their taxes and their lawyers they will be flat BROKE. I say if you win a smal... [ More ]

Comment #9

CASH Only — Fri, 14 Apr 2006 18:15:56 GMT

GameGrl:

I said they did not CHOOSE annuity. The choice was not available when they won .

Comment #8

TheGameGrl — Fri, 14 Apr 2006 18:13:28 GMT

The Toths opted to receive their $13 million share in annual payments of $666,666 until 2010. They were excited, but worried.

Correct me here, but I am sure that 2010 hasnt transpired yet. That being the case they still have an opportunity to settle with the IRS on the TRUE debt owed (if any). As a natural skeptic when reading any media I would like to believe there is more to this story then is being told. Best to live and learn from anothers mishap then to stand in judgement .

Comment #7

jeffrey — Fri, 14 Apr 2006 16:56:07 GMT

Gosh, say no; it won't kill them.

In 2000, I prayed to win the lottery so I could take my brother to Israel for an experimental operation in order to save his life. I spent my money on my mother's operations before he got sick so I had almost nothing left. I still play the lottery but I have to say I don't have sympathy for these people who blow it. They will just have to live like the rest of the world. They were given a gift and did as they pleased. I hope others will learn from this.... [ More ]

Comment #6

Uncle Jim — Fri, 14 Apr 2006 14:10:11 GMT

Damn! They think the kid killed the family dog because mommy wouldn't give him any more money? I'd say the these people had trouble LOOOOOOOOOOOOOOOOOOOOOOONG before they won the lottery.

Jim

Comment #5

CASH Only — Fri, 14 Apr 2006 13:52:53 GMT

Once again the media gets it wrong. They did not CHOOSE annuity. Florida Lotto's cash option did not start until 1998.

Comment #4

BuzzsawAnn — Fri, 14 Apr 2006 13:27:28 GMT

With all that money she didn't get a makeover- what was she thinking????

"If you insist on taking something God did not give you He will take back something He did give you " M. Murdoch

Comment #3

tntea — Fri, 14 Apr 2006 13:02:04 GMT

If you fail to plan, then plan to fail....

Comment #2

DoubleDown — Fri, 14 Apr 2006 12:59:20 GMT

Stupid is as stupid does

Nice mugshot...

DD

Comment #1

SassyOhio — Fri, 14 Apr 2006 12:39:13 GMT

It's Called SMARTS AND PLANNING PEOPLE!!!! I just dont understand this NONE OF IT!!! You could have been set for LIFE!!!! You have to be smart about this stuff Ya'll!! PLAN PLAN PLAN PLAN PLAN and ya know what if people are there waiting on a hand out OH WELL Tell them NO if they get mad SO WHAT!!!! Do ya really think they are going to be there when your BROKE NO!!!!!!! So take it run and BE HAPPY! Sorry this kinda crap KILLS ME!!! BET when I win you all wont be reading about me in th... [ More ]

Florida lottery winners indicted on tax charge

Lottery Post — Fri, 14 Apr 2006 11:48:00 GMT

Alex and Rhoda Toth were down to their last $24 in May 1990 when they won $13 million in the Florida Lotto.

The Toths said then that they hoped the money would buy them a simple, quiet life.

They ended up with anything but. Their wealth led to family squabbles and bankruptcy court.

On Tuesday, it led to a federal grand jury indictment.

The Hudson couple are charged with filing fraudulent income tax returns in 2000, 2001 and 2002. If convicted, both face up to 24 years in federal pris... [ More ]