NJ lottery winners dodge a tax bullet

Comment #17

RedStang — Thu, 30 Oct 2014 05:13:31 GMT

This is why i never voted and never will. The only solution these tools have is to raise taxes. If he said it was for school security it might have a chance.

Comment #16

cbr$ — Wed, 29 Oct 2014 16:59:47 GMT

It is time for New Jersey, lottery players voters to wake up! Any time a person you elected to a office, decline to tell you which way they voted on any bill or issue that support to represent you, It time to question their agenda. Are they really representing you? If you can't answer a simple question like this, then I decline to re- elect you any one else on this committee. As far as Senator Rice, is concern. Why is he asking the committee approval? Did you bother to ask any of the voters how... [ More ]

Comment #15

MADDOG10 — Wed, 29 Oct 2014 11:21:33 GMT

It didn't surprise me to hear about this. I knew it had to be a democrat behind the thought. This State is already the highest taxed

just to fill their pockets. Blood suckers they are. If they pass this bill, they deserve each other....

Comment #14

Coin Toss — Wed, 29 Oct 2014 06:36:52 GMT

A lot of players in Jersey dodge the bullet by playing with Tony Bag a donuts.

Comment #13

Stack47 — Wed, 29 Oct 2014 04:50:07 GMT

The money would be used to fund after school programs run by non-profit groups in municipalities where at least 40 percent of the school district's students are at risk.

I have no idea of what at risk means in this context, but it sure looks like non-profit groups want the lottery winners to subsidize their agendas. To me that is like forcing winners to donate to the bill's sponsor favorite charity. And what's worse it only applies to tiny percentage of tax payers and many may live in school... [ More ]

Comment #12

myturn — Wed, 29 Oct 2014 04:16:19 GMT

Lottery players in NJ should play the Massachusetts lottery instead. You don't have to live in Massachusetts to play.

Comment #11

Think — Wed, 29 Oct 2014 01:14:18 GMT

It is totally understandable. New Jersey is selling too many tickets and they cant handle all those sales so they have to do something to reduce the number of tickets they sell to a more manageable level. It would work on me...I'd stop buying them.

Comment #10

Gleno — Tue, 28 Oct 2014 22:18:56 GMT

Anyone willing to bet that State Senator Ronald Rice will be re-elected when the time comes for the poor voters to choose for more taxes on the rich ?

Come on, over $600.00 is ridiculous low amount, why not start at $500k?

You are no Moron,who sponsored S1767, the poor love that mantra, Tax the rich it gets their vote every time, but they are going to be plenty perturbed when they have to fork over additional taxes on winnings,under $1,000.00.

Anyone in the NJ State Senate that goes al... [ More ]

Comment #9

Shelby Mustang — Tue, 28 Oct 2014 21:46:04 GMT

Ive got friends who just moved here to NC from CA because the state taxes were too high. Is it really 15% state tax out there or is that the sales tax?? Cause either way good God thats high

Comment #8

maringoman — Tue, 28 Oct 2014 19:44:11 GMT

You know what's sad? The people with the power of social media still cannot unite and boycott playing and force the government's to soften its money grab

Comment #7

PrinceRene — Tue, 28 Oct 2014 19:22:14 GMT

You're right about that one but that could change at anytime. California is looking for more tax revenue to offset the budget deficits.

Taxing lottery winnings might just be what the state coffers need. You can bet the folks at the Franchise Tax Board are chomping at the bit to get even more money from you.

If CA started taxing lottery winnings, CA would be the worst place in the country to play due to high taxes and the paramutual payouts.

Comment #6

Drenick1 — Tue, 28 Oct 2014 19:07:16 GMT

it makes good sense according to the Democratic senators pushing the bill. These creeps only care about spending and any means to get the funds is fair game to them.

N.J. already has the largest lottery state tax and yet these greedy pigs want more.

Comment #5

maringoman — Tue, 28 Oct 2014 18:16:28 GMT

Very sobering especially knowing that only about 50 % of the ticket price money goes into the jackpot.

Comment #4

noise-gate — Tue, 28 Oct 2014 17:44:37 GMT

Despite California's warts and all- one can savor their lottery win out here knowing that you will only have Uncle Sam to pay and local city taxes depending on where you live.

Comment #3

haymaker — Tue, 28 Oct 2014 17:36:22 GMT

Yea, anytime I look @ the C/V I automatically say to myself,

Ok , so a little less then 50% is ...

Comment #2

maringoman — Tue, 28 Oct 2014 16:31:36 GMT

So in NJ if you win $1M on the second prize of powerball you'll fork over a little over$500,000 to the tax man? That's gotta hurt!

I suppose it's half a mil that you didn't have so it's still good.

Comment #1

music* — Tue, 28 Oct 2014 14:53:16 GMT

Tax and spend politicians. No surprise there.

NJ lottery winners dodge a tax bullet

Lottery Post — Tue, 28 Oct 2014 14:39:47 GMT

A proposed extra tax on New Jerseyans' lottery winnings stalled today after it became clear it was unlikely to be approved by a key state Senate panel.

It didn't have the votes, said Senate Budget Committee Chairman Paul Sarlo (D-Bergen).

The bill (S1767) would impose an additional 0.5 percent tax on lottery winnings of more than $600.

The money would be used to fund after school programs run by non-profit groups in municipalities where at least 40 percent of the school district's stud... [ More ]