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200 Winning Pick 3 Tickets

Topic closed. 108 replies. Last post 4 years ago by dsscsystems.

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How would you cash them?

One at a time so as to avoid taxes [ 37 ]  [77.08%]
At the lottery office - I always pay my taxes [ 5 ]  [10.42%]
At the lottery office - Too Chicken to get caught [ 6 ]  [12.50%]
Total Valid Votes [ 48 ]  
Discarded Votes [ 3 ]  
HoLeeKau's avatar - YheaShea
Idaho
United States
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July 17, 2010
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Posted: February 26, 2013, 5:44 pm - IP Logged

Say you had 200 separate pick 3 tickets, each worth $500 for a total of $100,000.  After state and fed taxes, most of us would wind up with $70K or less, putting a pretty big dent in our windfall.  Would you have the guts to cash each one separately to avoid the taxes?   Or would you be afraid of getting caught by the IRS?

If you'd cash them separately, what steps would you take to avoid getting caught and indicted for tax evasion?

    maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
    Massachusetts
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    Posted: February 26, 2013, 5:52 pm - IP Logged

    As much as I hate taxes I like to do things by the book. Besides most stores rarely have over $500 cash. Secretly cashing 200 of those gems would not be easy.

    That money's gone fo ever

      HoLeeKau's avatar - YheaShea
      Idaho
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      Posted: February 26, 2013, 6:05 pm - IP Logged

      As much as I hate taxes I like to do things by the book. Besides most stores rarely have over $500 cash. Secretly cashing 200 of those gems would not be easy.

      No, you couldn't cash more than one at a time at the same store.  Not only do they normally not have that kind of cash, but you risk a snoopy clerk deciding to turn you in.

      The best I can figure is you'd have to go from store to store, cashing one at each store.  Then wait a few days or a week, then go at a different time of day when there are likely to be different clerks on duty.  But you still risk getting caught on camera over and over and over.

        Set4life's avatar - 2554
        East Hampton, NY
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        June 25, 2006
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        Posted: February 26, 2013, 6:11 pm - IP Logged

        No, you couldn't cash more than one at a time at the same store.  Not only do they normally not have that kind of cash, but you risk a snoopy clerk deciding to turn you in.

        The best I can figure is you'd have to go from store to store, cashing one at each store.  Then wait a few days or a week, then go at a different time of day when there are likely to be different clerks on duty.  But you still risk getting caught on camera over and over and over.

        Your wrong, you can cash as many as you like, as long as they have enough to pay you.  Ive cashed in over 15 tickets, in one store.  No issues here.

             $Group Hug$

             FOR THE WIN!

          HoLeeKau's avatar - YheaShea
          Idaho
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          Posted: February 26, 2013, 6:20 pm - IP Logged

          Your wrong, you can cash as many as you like, as long as they have enough to pay you.  Ive cashed in over 15 tickets, in one store.  No issues here.

          Call me paranoid, but I think you're lucky you didn't have a clerk who decided to get a reward from the IRS and copy down your license plate and send video of you to the IRS.  I dunno, maybe I'm the only who runs into people who try to insert themselves into my bidness.


            United States
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            February 26, 2013
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            Posted: February 26, 2013, 6:46 pm - IP Logged

            In America. You can cash them all in at once.  No taxeS.  I've cashed in 40 pick 3 box tickets at once.  No taxes

              Toni Love6's avatar - Lottery-062.jpg
              LAUREL, MD
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              March 28, 2012
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              Posted: February 26, 2013, 7:26 pm - IP Logged

              I thought that if its under $500 or $600 per ticket, its not taxed. Each one is separate.

              And at Super Lotto Agent Stores, they can definitely cash more than a couple of tickets.

              Here in Maryland, some agents can cash up to $25,000 I believe. The one I got to can only do up to $5,000.

              But thats a lot of stores to go to.  Just cash them as you need money I guess.

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                CHERRY HILL, NJ
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                Posted: February 26, 2013, 7:35 pm - IP Logged

                A winning ticket is just like currency. I know people who have won big prizes and got the tickets off their hands in fear of the IRS. Of course, like anything in ebay, it has to be sold at a discount.

                  helpmewin's avatar - dandy
                  u$a
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                  February 22, 2011
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                  Posted: February 26, 2013, 7:40 pm - IP Logged

                  Your wrong, you can cash as many as you like, as long as they have enough to pay you.  Ive cashed in over 15 tickets, in one store.  No issues here.

                  I Agree!

                  Let it Snow Snowman

                    helpmewin's avatar - dandy
                    u$a
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                    February 22, 2011
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                    Posted: February 26, 2013, 7:44 pm - IP Logged

                    a girl in Indiana won $300,000.00 on P3  Smiley

                    Let it Snow Snowman

                      grwurston's avatar - Cute animals_Spider.jpg
                      Winning makes me smile.
                      bel air maryland
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                      Posted: February 26, 2013, 7:58 pm - IP Logged

                      I thought that if its under $500 or $600 per ticket, its not taxed. Each one is separate.

                      And at Super Lotto Agent Stores, they can definitely cash more than a couple of tickets.

                      Here in Maryland, some agents can cash up to $25,000 I believe. The one I got to can only do up to $5,000.

                      But thats a lot of stores to go to.  Just cash them as you need money I guess.

                      $600 or less can be redeemed at any retailer. $5,000 or less can be redeemed at the agent plus locations. Any thing over that you have to go one of the 2 lottery offices. If the retailer has the cash they will cash as much as you have in winners. If they don't, the stores I go to will ask me to come back the next day and they will cash them.

                      "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

                      The numbers will tell you what numbers to play. Pay attention to the numbers.

                      Don't just think outside the box, crush it.

                        dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                        Oklahoma
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                        Posted: February 26, 2013, 8:04 pm - IP Logged

                        I agree with maringoman, " as much as I hate taxes I like to do things by the book".

                        I Love Pink & Green 1908

                          sully16's avatar - sharan
                          Ringleader
                          Michigan
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                          Posted: February 26, 2013, 8:48 pm - IP Logged

                          Here in Michigan anything under  500 is tax free, since all those tickets come in single bets, and you have a year to cash them in, I would bid my time and cash them slowly.

                          Did you exchange a walk on part in the war ?

                          For a lead role in a cage?

                           

                                                                      From Pink Floyd's " Wish you were here"

                            7cityreppa's avatar - lion
                            Newport News,VA
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                            Posted: February 26, 2013, 8:55 pm - IP Logged

                            Here in Virginia you have 180 days to cash in a winning ticket. Whenever I hit for a big sum of money on pick3/4, I usually cash my tickets in at a grocery store because they always have money.

                              rdgrnr's avatar - walt
                              Way back up in them dadgum hills, son!
                              United States
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                              Posted: February 26, 2013, 8:57 pm - IP Logged

                              Say you had 200 separate pick 3 tickets, each worth $500 for a total of $100,000.  After state and fed taxes, most of us would wind up with $70K or less, putting a pretty big dent in our windfall.  Would you have the guts to cash each one separately to avoid the taxes?   Or would you be afraid of getting caught by the IRS?

                              If you'd cash them separately, what steps would you take to avoid getting caught and indicted for tax evasion?

                              Are you saying that "a friend" (wink wink, nudge nudge) (say no more, say no more) of yours has these tickets?


                                                                           
                                                   
                                                                       

                               

                               

                               

                               

                                                                                                                                 

                              "The only thing necessary for evil to triumph is for good men to do nothing"

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