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re: Brooklyn truck driver claims $298 million lottery winnings

Posted on 1/26/19 at 2:50 pm to
Posted by go ta hell ole miss
Member since Jan 2007
14788 posts
Posted on 1/26/19 at 2:50 pm to
quote:

had he moved to florida or even texas before claiming it, he could have saved around $50 million in state income taxes


50 million, on 114 million dollars in winning? States don’t charge 50% in state income taxes. And, you are taxed in the state you purchase the ticket in.
This post was edited on 1/26/19 at 11:20 pm
Posted by PortHudsonPlaya
Houston
Member since Jul 2017
3170 posts
Posted on 1/26/19 at 2:52 pm to
Is that Will’s dad? Maybe now they can reconnect for good!!!!!
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 1/26/19 at 2:59 pm to
3 people don't understand what "time value of money" is.

awesome!
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64638 posts
Posted on 1/26/19 at 3:03 pm to
quote:

Do you honestly think he will continue to be hardworking?



Sigh. Is that really what you took from that? I was talking about his character. He shouldn't change his character just because he came into money.
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
24330 posts
Posted on 1/26/19 at 3:27 pm to
quote:

Brooklyn


quote:

$298 million


He might be able to afford his 500 square foot studio apartment now.
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