SIGforum.com Main Page The Lounge Man shares $22 million jackpot with friend, fulfilling 30-year promise
Main Page The Lounge Man shares $22 million jackpot with friend, fulfilling 30-year promisePage 1 2
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Step by step walk the thousand mile road |
All my best friend did for me was save my life. In August 2018, he and his wonderful wife insisted I go to the Emergency Department at a local hospital. Three hours later and I was in a coma, and in the ICU and PCU for month and the physical rehab facility for four more. Sadly he died of sudden onset renal failure about five months after I got out of the rehab facility. I think of him every day and thank God for their involvement in my life. Nice is overrated "It's every freedom-loving individual's duty to lie to the government." Airsoftguy, June 29, 2018 | ||
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| Crusty old curmudgeon  |
No truer words than those. Mr. cook is an honest man. I hope both of them have a great retirement. Jim ________________________ "If you can't be a good example, then you'll have to be a horrible warning" -Catherine Aird | |||
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| Lawyers, Guns and Money  |
That's a great story. At a time filled with so much strife and hatred, it (partially) restores my faith in humanity. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Purveyor of Fine Avatars  |
Great story. But...why quit your job immediately? Doesn't it take some time to get paid? "I'm yet another resource-consuming kid in an overpopulated planet raised to an alarming extent by Hollywood and Madison Avenue, poised with my cynical and alienated peers to take over the world when you're old and weak!" - Calvin, "Calvin & Hobbes" | |||
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Member |
How Many True Friends Do You Have? This was an recent thread in the Lounge, I would have to say they would qualify as true friends but not sure how many would do this. | |||
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| Step by step walk the thousand mile road |
Apparently not. You go to the lottery office in your state, hand them the winning ticket, it is verified, you fill out tax paperwork, and you get a ceremonial check while the actual funds are sent to your account digitally. Nice is overrated "It's every freedom-loving individual's duty to lie to the government." Airsoftguy, June 29, 2018 | |||
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| probably a good thing I don't have a cut |
If you have the money in the bank to tide you over, why wouldn't you quit immediately? I believe I've read somewhere that once you fill out the paper work at the lottery office and turn over the ticket, it only takes up to a couple of weeks for them to verify the ticket and give you the money. | |||
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| Angry Korean with a Dark Soul  |
I would SO quit my job immediately. Even if it takes a couple of months for the winning to be paid, I think any bank would float you a loan for a few thousand dollars. Nowadays it is less of an issue as many of us work from home. But say last year? I couldn’t stand the thought of having some drunk run a red and kill me in the last days at work, while commuting. Life is uncertain, sure, but I’d rather die a free man... | |||
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| The Constable |
$16.7 Million....AFTER taxes $5.7 Mil....what a screwing! | |||
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| Angry Korean with a Dark Soul |
I think 16.7 is split, so 8.35. Then taxes so 5.7 each. That pencils | |||
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| Purveyor of Fine Avatars |
They're basically getting taxed twice, though? They're immediately out $6 million with the cash payout, then they get taxed again on what they're awarded? "I'm yet another resource-consuming kid in an overpopulated planet raised to an alarming extent by Hollywood and Madison Avenue, poised with my cynical and alienated peers to take over the world when you're old and weak!" - Calvin, "Calvin & Hobbes" | |||
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Tinker Sailor Soldier Pie |
Hey, I could live on credit for a month or two. ~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan | |||
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| Smarter than the average bear |
I work for myself and I'd still quit my job immediately!  Okay, so maybe I'd take a week or two to wind down and wrap things up. Maybe. | |||
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Casuistic Thinker and Daoist |
Nope, just once The reduction from $22mil to $16.7 mil is because they chose the cash payout...rather than collect on the annuity the State would buy. Splitting that in half is $8.35mil. The IRS/State is holding back about 1/3 toward their year end tax liability. That's how they arrive at the $5.7mil No, Daoism isn't a religion | |||
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| Member |
No money for hookers and blow after that tax rate. They'll be lucky if they get enough to just take their wives out for a steak and beer. No one's life, liberty or property is safe while the legislature is in session.- Mark Twain | |||
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| Member |
good stuff ! ------------------------- Proverbs 27:17 - As iron sharpens iron, so one man sharpens another. | |||
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| Member |
I bet bendable would honor his word if he won the jackpot. | |||
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| Step by step walk the thousand mile road |
Okay, I'm gonna regret it, but I'll bite. What did Bendable say? Nice is overrated "It's every freedom-loving individual's duty to lie to the government." Airsoftguy, June 29, 2018 | |||
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Member |
Most people take the cash payout. The reason for this is if you take the annuity the payout is (usually) over 20 years. If at any time you should die before the 20 years is up, that's it, the payouts end. Your heirs are screwed. That's what I've read anyway. I don't know how it works if there are several names on the payout, but I would guess it would be reduced by the deceased's share, at a minimum. ... stirred anti-clockwise. | |||
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delicately calloused |
He said he'd split his Powerball winnings with darthfuster You’re a lying dog-faced pony soldier | |||
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SIGforum.com Main Page The Lounge Man shares $22 million jackpot with friend, fulfilling 30-year promise
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