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Why do people try to justify their desire to win the Lottery?Reply
Manzplan said: "Is it that some people have guilt about playing the lottery or winning the lottery? Is this why they focus so much on donating to charities with winnings? I seriously don't get the logic in all of this." I would give to charity because the bible says "charity covereth many sins" and "God loves a cheerful giver" and "of all loves, charity is the purest." I would also pay tithes to my church because that blesses the money I have won one hundred fold. God promises that. If
Jun 15, 2007, 10:35 am - spy153 - Lottery Discussion Forum

Why do people try to justify their desire to win the Lottery?
One thing that has always struck a sour chord in my since I can remember hearing of the lottery is people who try to justify their desire to win the lottery by the notion that they would donate to charities. I've heard this at work, along with the good old standbye I'd buy the company and give everyone a rise we all know how rediculas that one is. I heard this on television interviews when the lottery gets big and people in line are interviewed, one guy I saw interviewed when the
Jun 15, 2007, 3:57 am - manzplan - Lottery Discussion Forum

What is your budget/plan if you win the 340 million?Reply
Wow, your pretty liberal with your dough! (I mean that in a nice way lol!) I'm not giving much to charity because the money usually always finds it's way into some greedy thief leading the charity. The only one I am okay with donating to are the Freemasons because I am one lol! I know how the money will be put to use and I know the money won't end up lacing teh pockets of thieves. As for fire and policemen, i'd hook them up too, but not to the tune of $60 mill. Maybe only like $2 mill to
Mar 5, 2007, 10:31 pm - MegaWinner - Lottery Discussion Forum

Warning to big winners:
Even if you give it all away to charity, you will still owe taxes.Contrary to what you might have heard, there is no way to avoid paying taxes on lottery money when you win a big jackpot.Even if you give it all away to charity, you will still owe some taxes. In any state or jurisdiction in which lotteries are legal, the government takes its 28 percent off the top. Most lotteries leaves it up to the individual to pay the local taxes.Example: If a player wins $100,000, the prize after federal taxe
Jan 25, 2006, 6:02 am - goldrush - Lottery Discussion Forum

Valley lottery winners plan to donate part of winning to charityNews Story
Narinder Badwal and his wife Lilla Singh still can't believe their luck. Standing in front of television cameras and microphones during a press conference in Milpitas today helped them realize that they will split a $99 million Superlotto jackpot.The dream started last week when Badwal, who owns a 7-Eleven store in Santa Clara learned that he had sold one of two winning lotto tickets. The commission for selling the ticket was a share of $247,500.Narinder said he bought a lotto ticket, but was
Oct 28, 2003, 3:58 am - Todd - Lottery News

Too Much Money?Reply
First, a good attorney should be working to make sure you don't have a meaningful fight with the IRS. You might end up there anyway depending on your risk tolerance and how aggressively you try to earn money or avoid taxes, but you should be expecting your advisors to keep you out of trouble in the first place rather than get you out of trouble. Being audited and paying some modest penalties isn't a big deal, but losing a fight over the legitimacy of your private foundation or a questionable tax
Jun 6, 2019, 4:16 pm - KY Floyd - Lottery Discussion Forum

Pa. man pleads guilty in bizarre lottery tax caseReply
It would be rare for someone to pay 35%. They would have to have no deductions at all. For example, Mitt Romney gave more than $4 million of his investment income last year to charity -- a huge percentage of his income. You do not typically pay tax on money that you gave away to charity, so his overall tax percentage would be less than it would be if he didn't give away anything. So, in other words, if you won an $8 million jackpot, and you gave away half of it to charity ($4 million), the
Sep 28, 2012, 6:51 pm - Todd - Lottery News

Minnesota top pull-tab stateNews Story
Imagine that every fruitless pull of a casino's slot machine produced a colorful bit of trash and you get an idea of how the garbage bins at American Legion Post 1776 overflow on a good night.Last year $6.4 million worth of pull-tabs were sold from this tidy metal-clad hall -- tops in a state that is tops in the nation -- allowing Post 1776 to pass a profit of $246,000 on to hundreds of schools, sports programs and charities.Though they're sold without the glamor of Las Vegas or the marketing bu
Jul 5, 2004, 8:32 am - Todd - Lottery News

$925 MILLION: Powerball lottery jackpot nears billion-dollar milestoneReply
open the door to charity and those without, with great caution, as you never know whos listening or watching
Sep 29, 2023, 8:44 pm - hearsetrax - Lottery News

Minnesota woman made $117,000 from illegal lottery she claimed benefitted charityReply
And it was Kathren's turn to host the Church Charity fundraiser, welp she'll be busy making license plates.
Sep 18, 2023, 6:49 pm - sully16 - Lottery News