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IamSauerKraut t1_jb3k9pa wrote

Reply to comment by wizbang207 in Mass. man to buy house in Maine after winning $4M scratch ticket prize by DrMcMeow

2.6 is the after taxes amount.

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HeadyBeersBrah t1_jb52j5w wrote

You sure? The cash option is usually about half, then another good chunk goes to taxes. My guess is they took home closer to 1.5M.

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IamSauerKraut t1_jb56gln wrote

Even if you do not want to read the article, all you need do is click on the photo in upper right corner. He won 4M, took home 2.6 after taxes.

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HeadyBeersBrah t1_jb592ep wrote

I did read the article and that's not what it says at all. I was just trying to not be a dick about it. Try it some time.

>instant ticket game prize in the form of a one-time payment of $2,600,000, according to the Massachusetts Lottery Commission.

He still has to pay taxes on it. His actual take home will be closer to 1.5M.

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IamSauerKraut t1_jb5ax86 wrote

Again, for the person who is bad at observing the obvious: man wins $4 million. There is the photo of him holding the fake $4 million check showing how much the jackpot was. After taxes, he takes home $2.6 million of that $4 million.

Question: What happened to the $1.4 million that he won but did not take home?

Answer: The $1.4 million he did not take home is the amount that was withheld for taxes.

Gratuitous observation: while we hear the rumors of double taxation, this man was not taxed twice on the same lottery winnings. The state/feds will have to be happy with the $1.4 million that was withheld.

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malfeanatwork t1_jb5botc wrote

>Question: What happened to the $1.4 million that he won but did not take home?
>
>Answer: The $1.4 million he did not take home is the amount that was withheld for taxes.

This is not true. The prize payout is structured as 4 million by way of 200K per year for 20 years. By choosing a one time payout, you lose a lot of that money but get it immediately. That is where the 1.4 million went. He still has to pay taxes on 2.6 million.

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hike_me t1_jb5ddn6 wrote

Dude, you’re wrong. $4 million is the jackpot if you take the annuity. It’s 2.6 million if you take the lump sum, which you still need to pay taxes on.

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HeadyBeersBrah t1_jb5hmtb wrote

Ha, he went with option 4 -- Abusing the suicide prevention report feature. Trying to report them, but it's not going through. If anyone else can report them that'd be grand.

Loser.

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hike_me t1_jb5pfgq wrote

Lol. They just can’t admit they’re wrong!

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HeadyBeersBrah t1_jb5s9st wrote

It's a symptom of the internet, we don't talk to each other like people and when confronted even in the gentlest of ways with an opposing viewpoint or correction to a false claim it goes directly to insults and doubling down on the original claim almost 100% of the time. Where is the shame in saying"okay, I didn't know that, my bad"?

I bet he deletes the comments eventually, seems like they at least realize they are wrong now.

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HeadyBeersBrah t1_jb5e432 wrote

It's always fun to see how people will respond when told they are wrong about something.

Will they double and triple down and continue to be a jerk? Will they register what they've been told as new information and verify for themselves, then say oh my bad? Delete the comment? It's almost always the first option.

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