Lotto winner gives $1M to friend

Comment #11

Mana — Thu, 12 Feb 2004 21:40:11 GMT

Quote: Originally posted by Todd on February 12, 2004 Good thought! (The vette part.)I didn't wait for a lottery win to get mine!as my friend would say it ...VROOM

Comment #10

Todd — Thu, 12 Feb 2004 15:37:18 GMT

Quote: Originally posted by Magnu$ on February 12, 2004 ...I would sit those two in the bank after hacking off 100k to pay bills and get a Brand spanking new 2004 vette.... Good thought! (The vette part.)I didn't wait for a lottery win to get mine

Comment #9

fja — Thu, 12 Feb 2004 12:06:08 GMT

regardless of the taxes, its still a great story

Comment #8

Magnu$ — Thu, 12 Feb 2004 06:20:03 GMT

Heh, at least if you are going to tax it. Tax it only once. I reckoned long ago if I actually won 10 Mil I;d come away with about 2 of it after Child support, my fianceee (been with her 10 years and we play equally so we split down the middle), my Mom, my family and my two children and of course taxes and the penalty for taking it all at once. I would sit those two in the bank after hacking off 100k to pay bills and get a Brand spanking new 2004 vette. Oh yeah we have to go back to school to lea... [ More ]

Comment #7

golotto — Wed, 11 Feb 2004 20:56:36 GMT

there should be no taxes on lotto prizes

Comment #6

tg636 — Wed, 11 Feb 2004 20:05:32 GMT

Thanks. I agree, lottery winnings are doubly taxed, first when they take 40 cents or more each dollar when you buy a ticket, then when you win you must pay 33% or so of your jackpot back to the government. They shouldn't be allowed to have it both ways. Once again, Canada is more enlighted than the primitive, greedy USA.

Comment #5

mayan27 — Wed, 11 Feb 2004 17:27:44 GMT

A friend of his word is a friend indeed.Be careful with the friends you choose in life,they either make you or break you.As Oprah Winfery stated, Sorround yourself with people of positive thinking,and they will help to lift you up .That is the meaning of true frienship,Sharing when its time to share,weeping when its time to weep.Always remember to look down when you climb the ladder of life.

Comment #4

Lee123 — Wed, 11 Feb 2004 16:58:05 GMT

Thats the way it should be in the U.S.A. Taxes has been paid on the money that you buy lotto tickets with .I dont see the Gov. giving you money to buy the tickets with.

Comment #3

BuckyBill — Wed, 11 Feb 2004 14:05:39 GMT

Super 7 is a Canadian lottery. No taxes on lottery winnings. No taxes on gifts.

Comment #2

tg636 — Wed, 11 Feb 2004 12:48:31 GMT

I wonder how that works. Guy wins $10.8 million and pays all the taxes on it, then gives $1 million to his friend, who pays taxes on it again? I hope they found a better way to transfer the funds.

Comment #1

Mana — Wed, 11 Feb 2004 12:11:00 GMT

Heh.. kinda shows that there are a few honorable people left in this world these days. Even such a promise made 20 years ago. o.o

Lotto winner gives $1M to friend

Lottery Post — Wed, 11 Feb 2004 11:29:44 GMT

Multi-million-dollar lottery winner Barry Funk is a man of his word. Twenty years ago, buddies Funk and Michael Hawryshko promised each other that if one of them ever won the lottery, he'd give the other a million bucks.Funk, a flooring contractor, and his wife Patty Gau, a high school science teacher, won $10.8 million in last Friday's Super 7 lottery draw.When claiming the prize yesterday, Funk announced he and his wife will give $1 million to Hawryshko and his wife Susan.Funk and Gau's winni... [ More ]