Pennsylvania Lottery proceeds being misused by Gov.

Comment #12

Ron5995 — Thu, 29 Sep 2016 16:12:07 GMT

PA just started taxing in-state lottery winnings this year. Winners who chose the annuity option prior to 2016 with the expectation of no state tax on payments are now in for a surprise when they are taxed an additional 3.07% they didn't plan for.

Worse, the PA state rate, as your examples illustrate, could increase significantly over the upcoming years. While it's highly unlikely the PA earned income rate will increase much anytime soon, there's another possibility of a separate higher tax b... [ More ]

Comment #11

Groppo — Thu, 29 Sep 2016 04:52:29 GMT

.

Mr. Ron5995,

If I understand correctly, you're saying not to take the annuity (in PA) because of the 3.07% PA will charge all significant lotto winners? Well, how about states, like New York, which charge 8.8%? (according to USAMega)?

And, the PA tax, as with ANY of the states, again, according to USAMEGA, doesn't work out, if you go to Jackpot Analysis. So, given that PA will claim 3.07% in taxing a major lotto winner, their rake is about a 3rd of the prize, for an annuity claimant... [ More ]

Comment #10

TheGameGrl — Wed, 28 Sep 2016 23:16:43 GMT

Smooth move! He now taxes the wins ... AND.. Will continue to skim from the lottery program...

why?.. Because He can.

Correct online gaming is set to be passed.. It's chugging thru .. Just need to clear the smoke from this recent news.. How quick we are to forget.

Comment #9

winsumloosesum — Wed, 28 Sep 2016 23:15:37 GMT

Hey Wolf how about getting the casinos to pay for your screw-ups.

Comment #8

noise-gate — Wed, 28 Sep 2016 22:23:01 GMT

Thank Heaven's: The Californian lottery does NOT pull that ..we won't allow it

Comment #7

LiveInGreenBay — Wed, 28 Sep 2016 22:20:01 GMT

Yea why help the old people who paid taxes and contributed to society for decades. Funds going to medicaid? Why not welfare too! Sickening

Comment #6

Tatototman65 — Wed, 28 Sep 2016 22:01:22 GMT

Comment #5

LottoAce — Wed, 28 Sep 2016 21:38:55 GMT

Why does this not surprise me

Comment #4

luckyshoes — Wed, 28 Sep 2016 20:27:19 GMT

No shortage of players dumping lots of cash into the till each draw . And little payout at times. Of course the rats were going to eat the cheese. Or in this case the Wolf.

Comment #3

Dd2160 — Wed, 28 Sep 2016 18:31:51 GMT

They not paying us but their hands hands sure nough in the pot lmao!!! Sickening

Comment #2

Drenick1 — Wed, 28 Sep 2016 16:28:44 GMT

No surprise here. Pennsylvania isn't the only state misusing lottery proceeds.

Comment #1

Ron5995 — Wed, 28 Sep 2016 16:27:59 GMT

Yikes! Pennsylvania state government is more desperate than I thought to raise funds. On a related note, in-state PA Lottery winnings are now taxed at the state rate of 3.07%. To digress a bit, this is another reason not to take the annuity option, since future payments may be taxed in a manner that one didn't originally plan for.

On the bright side, since it appears PA is so desperate, legalized on-line casino gambling may be coming even sooner.

Pennsylvania Lottery proceeds being misused by Gov.

Lottery Post — Wed, 28 Sep 2016 16:07:15 GMT

Includes video report

The Pennsylvania Lottery advertises it benefits older Pennsylvanians, every day.

But in the last decade, billions of lottery dollars have been diverted, an investigation found.

According to the state lottery, 27 cents of every dollar spent on lottery tickets goes into the state lottery fund. The rest pays prizes and lottery administration costs.

The point of the lottery program is to have people age at home and maintain their independence, Renee Cunningham of... [ More ]