HomeHome  CalendarCalendar  FAQFAQ  SearchSearch  RegisterRegister  MemberlistMemberlist  UsergroupsUsergroups  Log in  
Share | 
 

 How often does THIS happen?

View previous topic View next topic Go down 
AuthorMessage
LL

avatar

Location : KCMO
Registration date : 2007-12-29

PostSubject: How often does THIS happen?   Fri Jun 05, 2009 6:45 pm

Young, hardworking, honest, increasingly broke (falling behind in taxes), and trying to make a living off some of the poorest land in the country. How hard working? He waited to collect, spending the past month doing ranch work because he didn't want the carnival that comes with collecting lottery winnings to interfere with prepping for the hay season:

http://www.msnbc.msn.com/id/31127923/
Back to top Go down
View user profile
kilted1
Great Scot!
avatar

Age : 56
Location : North Georgia, USA
Registration date : 2009-01-11

PostSubject: Re: How often does THIS happen?   Fri Jun 05, 2009 6:52 pm

Sounds like something nice finally happened to someone nice and honest.

What a tax reduction though $231.1 million reduced to $88.5 million. Government math I suppose. I could live on it though ... good for him cheers
Back to top Go down
View user profile
mark
Admin
avatar

Registration date : 2008-07-02

PostSubject: Re: How often does THIS happen?   Fri Jun 05, 2009 7:52 pm

God bless them,,,finally a deserving family down on their luck,,,,
Back to top Go down
View user profile Online
LL

avatar

Location : KCMO
Registration date : 2007-12-29

PostSubject: Re: How often does THIS happen?   Fri Jun 05, 2009 7:59 pm

kilted1 wrote:
Sounds like something nice finally happened to someone nice and honest.

What a tax reduction though $231.1 million reduced to $88.5 million. Government math I suppose. I could live on it though ... good for him cheers
When you take the lump sum instead of the 20 year annuity, you only get the jackpot's present value. Meaning the $231m was reduced by about half right off the bat. THEN it was taxed.

Still not bad, though. Just parking it at 2% will pay $4822 per day forever.
Back to top Go down
View user profile
Rad Davis

avatar

Age : 68
Location : Foley, Alabama, USA
Registration date : 2007-12-16

PostSubject: Re: How often does THIS happen?   Fri Jun 05, 2009 8:05 pm

Hey George,

There was an old joke in Montana when I lived there about the rancher who won a $100 million lottery.

When asked what he was gonna do with the money, he said, "I dunno. I guess I'll just keep ranching until it's all gone."

Rad
Back to top Go down
View user profile http://raddavispipes.com/pipes.htm
Justpipes
The Duke
avatar

Age : 59
Location : Randolph County, NC If you don't know, you wouldn't understand.
Registration date : 2007-12-17

PostSubject: Re: How often does THIS happen?   Fri Jun 05, 2009 10:51 pm

I heard it on the radio earlier today. A great story!!!
Back to top Go down
View user profile http://www.practicegodspresence.com/
 
How often does THIS happen?
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» What will happen when NSY can't find Maddie, either?
» What will happen to the Gaza Strip
» Trump: The Global Disaster waiting to happen
» Is Murat v Tanner Case really going to happen....
» Ryan Giggs (is a twat) thread.

Permissions in this forum:You cannot reply to topics in this forum
Brothers of Briar :: Community :: The Round Table-
Jump to: