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To: Beave Meister
375K from a million dollar jackpot? Man the government do take a bite.

On the other hand, she can buy houses in Detroit for $500, so if she has TWO, it doesn't set her back that much.

14 posted on 04/17/2012 11:13:02 PM PDT by boop (I hate hippies and dopeheads. Just hate them. ...Ernest Borgnine)
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To: boop
375K from a million dollar jackpot?

In the original New York lottery, the $1,000,000 prize was $50,000/per year for 20 years or $500k one-time payment. $375k is 75% of $500k, so she is probably enjoying Buffet-Rule tax rates, or she is taking advantage of income averaging.

BTW, in New York, welfare payments were technically considered a loan, and when the first welfare recipients began to cash lottery tickets, the state claimed the proceeds. I suppose "the people" agitated to get that kind of cruel and oppressive law off the books. It was a different country in those days.

16 posted on 04/18/2012 3:57:58 AM PDT by Lonesome in Massachussets (Queeg Olbermann: Ahh, but the strawberries that's... that's where I had them.)
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