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Politics : Right Wing Extremist Thread -- Ignore unavailable to you. Want to Upgrade?

To: haqihana who wrote (15233)	8/28/2001 11:22:21 AM
From: DMaA	Read Replies (1) \| Respond to of 59480

I know that's how they figure it. They dishonestly SELL it the other way though.

To: haqihana who wrote (15233)	8/28/2001 9:15:29 PM
From: CVJ	Read Replies (1) \| Respond to of 59480

The MN woman's check is AFTER federal income tax is withheld. The same is true for the other winners. $41 million is the amount they won BEFORE federal income tax. The actual cash amount is the $27 million. There is a statistic floating around somewhere that something like half the big jackpot lottery winners are broke in two years. If they were smart enough to hang on to the money, they probably would already have had some on their own. That's why taking the payments on a jackpot makes more sense. There's no guarantee, but at least there is the possibility that one will come to their senses before blowing it all. But there are cases of people taking payments over 25 years and then borrowing against them in order to spend it all now. There are even ads from at least one company encouraging this - We'll buy your stretched out lottery winnings from you or buy your insurance policy, etc. Total ripoffs except possibly in the least number of special cases, which the co's try mightily to convince you that you are one of those special cases. Really nothing more than loan sharking with a guarantee to the loan shark Chas