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'It was a horrible, horrible crime that I committed,' Jamaican lottery scammer repentsReply
It's not just the Jamaicans. There are plenty of places right here in the U.S. that send out sweepstakes mailings promising you won anything from $10 thousand to $10 million. All you have to do to enter is send a small donation, usually 5,10,15,20,25 dollars to help the charity they are supposedly representing. Which often sounds real close to a legitimate charity. Then the next letter from them, the donation goes up, then the next letter up again. And if you stop, then you'll get a letter sayin
Oct 5, 2018, 12:45 pm - grwurston - Lottery News

Florida couple claims share of historic $1.6 billion Powerball jackpotReply
Well said!! I never understand why those who run and operate your average charity are also HIGHLY paid? Google WORST CHARITIES and look at how many give nothing to the charity. Recently Wounded Warriors was in the news, their staff was blowing in the CEO for the waste of money on events for the employees.
Feb 21, 2016, 5:12 am - DELotteryPlyr - Lottery News

Retired NY principal claims $326M lottery jackpotReply
CHARITY,why would he do that. CHARITY begin at HOME with his NY familia,and all over,wherever he has good family members at. Donate some maybe pero,familia es numero uno adios... CONGRATS!!!!!!!!!
Jan 13, 2015, 1:02 pm - BellasBMWLucki - Lottery News

Florida couple, nearly penniless, claim half of $414M lottery jackpotReply
Exactly! Continue to work does not mean they will stay at their current job. Maybe she wants to open a flower shop and employ people. Maybe she wants to open a hobby or craft store. Maybe she wants to create a charity and review/interview applicants to see who benefits from the charity. All require work . Who knows. There are plenty of things she can do to continue to work that don't involve taking a job away from someone who needs the paycheck more than she. Don't be dissing a jackpot winner
May 3, 2014, 8:52 am - Piaceri - Lottery News

Canadian lottery winner donates $40 million jackpot to charityReply
GREAT GUY!!! BUT, there is no way i would do this. This is going to upset a lot of people but Cancer research donations/contributions have turned out to be the BIGGEST charity scam in history. The medical center will do and obviously has done good work for for patients, including his ear late wife (may she rest in peace) and so i get it. And i'm sure some will benefit from his kindness. WHEN i win one day, and i decide to give to charity. I already have one stipulation, none of my money will go
Dec 20, 2013, 11:49 am - DDOH937 - Lottery News

How lottery winners spend their moneyReply
I plan to give 60 percent of all [my] after-tax winnings to charity. We are proud to count Mr. Kiefer among our players, said Lottery Executive Director Gary Grief in response It depends on what others believe should be the winner's priorities because whether they give 60% of their winnings to charity or blow it, they still only have 40% left. Some will even find fault with which charities that winner donated to. There are players that believe because they bought a ticket, they have a veste
Dec 15, 2012, 10:02 am - Stack47 - Lottery News

Pa. man pleads guilty in bizarre lottery tax caseReply
Jill I don't know what you mean when you wrote, mitigate the additional tax owed. Currently, the marginal tax rate for income over $388,350 is 35% and nothing in the world is going to change that. Tax deductions, like giving money to charity, would lower your effective tax rate but the money you give away will not lower your tax liability dollar for dollar. In other words, if your marginal tax rate is 35%, every dollar you gave to charity would only lower your tax liability by 35 cents. So
Sep 28, 2012, 10:02 pm - whiteballz - Lottery News

$356 MILLION: Mega Millions lottery jackpot nears recordReply
set up a charitable organization like the bigwigs do to avoid estate tax etc with part of your money. do good deeds. pay yourself and others to work there. write off expenses. There is a website you can go to where you can look at the tax returns of charities and what they actually give out of the money received. Since you aren't collecting donations from anyone all you need to worry about is what fits the rules - not the morality aspect of taking someone's money and not giving it to the intende
Mar 25, 2012, 4:01 pm - searching4luck - Lottery News

$356 MILLION: Mega Millions lottery jackpot nears recordReply
Because, Null Space, if you study the IRS code online, you will notice that lottery winnings are taxed as earned income. If you read the U.S.A. Federal Income Tax Table's earned income brackets, you will find out that big lottery jackpot winners are instantly ALL in the top income tax bracket, which is 35% (even those very rare MM and PB jackpot winners who take the annuity amount -- which would still be in the top income tax bracket each year). Consequently, if you read that your Lottery He
Mar 25, 2012, 3:46 pm - HaveABall - Lottery News

$356 MILLION: Mega Millions lottery jackpot nears recordReply
I would take the CV, invest it conservatively, live off the interest, pay Uncle Sam her share, and avoid any business investments that could bankrupt me. I would not become a venture capitalist, so those with dodgy to brilliant biz ideas would be just wasting your time coming to me for a loan, and my middle name is not Santa Claus so you would stand a better chance at getting a gift from tightwad Grinch and penny pinching Scrooge than anything from me. And all the charities out there should know
Mar 24, 2012, 9:32 pm - OldSchoolPa - Lottery News