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(PennLive)   Man finds $20 on the streets of San Francisco, wins $1 million on a lottery ticket he bought with it   (pennlive.com) divider line
    More: Spiffy  
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2383 clicks; posted to Main » on 01 Sep 2015 at 5:28 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



49 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2015-09-01 02:53:09 AM  
Tang, who works as a bartender, plans to save the money for now.

Yeah, that should cover rent there for, what, two, three months?
 
2015-09-01 05:20:45 AM  
Everyone claims it's their 20 bucks and sues him for 1 million each.
 
2015-09-01 05:31:39 AM  
He will save it that is good. He will have a nice retirement if he does that.
 
2015-09-01 05:32:17 AM  
Another example of God's wacky sense of humor.
 
2015-09-01 05:49:19 AM  
My grandmother used to say if you find money you have to spend it to get good luck.
 
2015-09-01 05:51:13 AM  
montagecabletv.comView Full Size
 
2015-09-01 05:51:38 AM  

Pointy Tail of Satan: Another example of God's wacky sense of humor.


If the guy gets hit by a bus next week, it's your fault.
 
2015-09-01 05:55:41 AM  
Pop quiz; You find $20.00 on the street. What will you do?
static.guim.co.ukView Full Size

What will you do?

*shakes tiny fist at BarkingUnicorn*
 
2015-09-01 06:03:49 AM  

Bob Down: Pointy Tail of Satan: Another example of God's wacky sense of humor.

If the guy gets hit by a bus next week, it's your fault.


his estate would be able to afford a very opulent funeral...  how about Viking... that would be really cool.
 
2015-09-01 06:10:41 AM  
Now he can buy an unheated room on Utah Street and hate life.
 
2015-09-01 06:11:22 AM  
I found a gram of coke outside the Bonaventure in LA once.
 
2015-09-01 06:15:00 AM  
This guy must carry a leprechaun in his pocket or something.
 
2015-09-01 06:45:26 AM  

real_headhoncho: Everyone claims it's their 20 bucks and sues him for 1 million each.


I came here to say pretty much the same thing. Kinda' like the idiot and the scumbag judge in this case:
 
2015-09-01 06:46:39 AM  

Hawnkee: di


(dammit)

http://abcnews.go.com/blogs/headlines/2012/05/ark-woman-who-tossed-1m - lottery-ticket-gets-prize/
 
2015-09-01 06:53:28 AM  
Takes the $1M to Vegas?
 
2015-09-01 07:12:59 AM  
I found a twenty in a parking lot once. I bought beer with it.

/csb
 
2015-09-01 07:51:24 AM  

slotz: I found a gram of coke outside the Bonaventure in LA once.


You give that back to me now.
 
2015-09-01 07:59:31 AM  
images.zap2it.comView Full Size
 
2015-09-01 07:59:52 AM  
Now if he could just find his wallet in El Segundo.
 
2015-09-01 08:02:21 AM  
I found a wallet at a music festival with several hundred dollars in it. I really could have used that $ but I did the right thing and turned it in to lost and found. I hope the person got it back
 
2015-09-01 08:08:53 AM  
You know there are people in this world who don't have to put up with all this shiat?  Like that guy who invented the pet rock.  You see, that's what you have to do.  You have to use your mind and come up with some really great idea like that - you can make millions, never have to work again.  (Do you really think the pet rock was a great idea?)  Sure it was, the guy made a million dollars.

Got nuthin'
 
2015-09-01 08:09:44 AM  
I found on of those fake $5 dollar bills once.  It looks like a money but it says "This is your lucky day!  Get to know Christ and all his glory and wealth of Heaven shall be yours!"  So, I went to the strip club, sat at the stage and let this fine, young thing really work for it.  I slipped the fiver in to her g-string and she moved on to the next guy.  At the end of her set, she's going through her tips and she finds the fake fiver and get's miffy.  Her stripper mind must be able to go backwards in time just as easily as it goes forward and she establishes that it was I who gave her that bill.  Long story short:  bouncer, bouncer, stomp, stomp, stripper nails on the testes and in to the dumpster.

Not a lucky day at all.  More like a Tuesday.
 
2015-09-01 08:35:15 AM  

kindms: I found a wallet at a music festival with several hundred dollars in it. I really could have used that $ but I did the right thing and turned it in to lost and found. I hope the person got it back


Everyone thinks the T-shirts sales are the sweetest plum at a music festival but I always go for the Lost and Found desk.  Just set up a little area and accept everything that comes in.  Yeah.  You get a lot of junk, used clothes but every once in a while, you get the big pay off.  And if, by chance, someone comes a-looking for something, well you've never seen it.  "Wallet with several hundred bucks in it, buddy?  This is a music festival, pal.  It's gone.  Long gone.  Gee, it's sad that all that money was for a ticket home and insulin.  Guess you'll be living on the sweet kindness of strangers, eh?  Oh.  Not this stranger, though.  Next!"
 
2015-09-01 08:56:56 AM  
I hate him
 
2015-09-01 09:09:56 AM  
I would normally complain about how lucky this SOB is.

But, in this case...  He is just some normal guy with a job, and bills...  It's not like J-Lo's mother, who is already loaded, winning a jackpot on the slots.

I also heard on the news a couple of days ago that, his plan is to "randomly pay bills for strangers".  Meaning, he might cover your next Waffle House bill, or something, without you even knowing it was gonna happen.

That's kinda cool...
 
2015-09-01 09:13:39 AM  

kindms: I found a wallet at a music festival with several hundred dollars in it. I really could have used that $ but I did the right thing and turned it in to lost and found. I hope the person got it back


I'm sure he got his wallet and $20 back.
 
2015-09-01 09:19:16 AM  
i.ytimg.comView Full Size


Approves
 
2015-09-01 09:21:29 AM  
i.dailymail.co.ukView Full Size
 
2015-09-01 09:22:32 AM  
*shakes chocolate covered fist*
 
2015-09-01 09:46:45 AM  
That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.
 
2015-09-01 09:48:26 AM  
I read something somewhere that claimed that people who didn't buy their winning lottery tickets tended to keep the money longer and use it wiser than those who played the bad at math game. I wonder how people like this guy do long term.

/senile friend thinks he owes me money (when he remembers me at all) and pays me back in lottery tickets
 
2015-09-01 09:50:13 AM  
Amateur. He should find the winning lottery ticket and come out $20 ahead.
 
2015-09-01 09:53:29 AM  

Harry Freakstorm:   Long story short:  bouncer, bouncer, stomp, stomp, stripper nails on the testes and in to the dumpster.

Not a lucky day at all.  More like a Tuesday.


Wow, I generally have to pay extra for that kind of treatment
 
2015-09-01 11:22:21 AM  

fappomatic: That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.


If it's income, it's about half.

But I don't think CA taxes lotto winnings, so he could be as low as high thirties.

If it's capital gains, the whole thing gets taxed at 23.8% once you get above a certain number, plus, again, any CA taxes.

There are almost no cases in which you will pay 85%.  That was Reagan's entire schtick.  And let's give that senile old man his due, he was very good at that schtick.
 
2015-09-01 11:56:00 AM  

Harry Freakstorm: I found on of those fake $5 dollar bills once.  It looks like a money but it says "This is your lucky day!  Get to know Christ and all his glory and wealth of Heaven shall be yours!"  So, I went to the strip club, sat at the stage and let this fine, young thing really work for it.  I slipped the fiver in to her g-string and she moved on to the next guy.  At the end of her set, she's going through her tips and she finds the fake fiver and get's miffy.  Her stripper mind must be able to go backwards in time just as easily as it goes forward and she establishes that it was I who gave her that bill.  Long story short:  bouncer, bouncer, stomp, stomp, stripper nails on the testes and in to the dumpster.

Not a lucky day at all.  More like a Tuesday.


found one of those but it was a $100, no stripper action though.
 
2015-09-01 11:56:19 AM  

fappomatic: That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.


Well, that's kinda the point of a lottery.  Get you to pay a few dollars for a ticket, pay out only about 60% of what they take in, and tax the hell out of that 60%.  By the time it's done, they've kept upwards of 70% of every dollar paid in.  It's a racket that makes a ton of money off of the people who can least afford it.  It's the same psychology that makes people buy into trickle down economics and tax breaks for the rich.

Here's a study from 2010 - State lotteries took in $53B in ticket sales, they only paid out $32B in prizes.  They then that $32B between 30% and 50%, depending on your state laws.

http://www.ncsl.org/research/financial-services-and-commerce/lottery -p ayouts-and-state-revenue-2010.aspx
 
2015-09-01 03:27:04 PM  

meyerkev: fappomatic: That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.

If it's income, it's about half.

But I don't think CA taxes lotto winnings, so he could be as low as high thirties.

If it's capital gains, the whole thing gets taxed at 23.8% once you get above a certain number, plus, again, any CA taxes.

There are almost no cases in which you will pay 85%.  That was Reagan's entire schtick.  And let's give that senile old man his due, he was very good at that schtick.


CA doesn't tax lottery winnings, so he's free and clear there.  The highest federal tax rate is currently 35%.
 
2015-09-01 03:32:06 PM  

buckeyebrain: meyerkev: fappomatic: That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.

If it's income, it's about half.

But I don't think CA taxes lotto winnings, so he could be as low as high thirties.

If it's capital gains, the whole thing gets taxed at 23.8% once you get above a certain number, plus, again, any CA taxes.

There are almost no cases in which you will pay 85%.  That was Reagan's entire schtick.  And let's give that senile old man his due, he was very good at that schtick.

CA doesn't tax lottery winnings, so he's free and clear there.  The highest federal tax rate is currently 35%.


Don't you mean 39.6?

Wasn't there a big government shutdown over exactly at what point we would kick into 39.6?

/And then it's literally about a grand above the point at which we kick into 35?
 
2015-09-01 04:07:44 PM  

meyerkev: buckeyebrain: meyerkev: fappomatic: That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.

If it's income, it's about half.

But I don't think CA taxes lotto winnings, so he could be as low as high thirties.

If it's capital gains, the whole thing gets taxed at 23.8% once you get above a certain number, plus, again, any CA taxes.

There are almost no cases in which you will pay 85%.  That was Reagan's entire schtick.  And let's give that senile old man his due, he was very good at that schtick.

CA doesn't tax lottery winnings, so he's free and clear there.  The highest federal tax rate is currently 35%.

Don't you mean 39.6?

Wasn't there a big government shutdown over exactly at what point we would kick into 39.6?

/And then it's literally about a grand above the point at which we kick into 35?


You're right, my bad.  It's 39.6% over $413K.
 
2015-09-01 04:09:08 PM  
Who says the American Dream is dead?
 
2015-09-01 04:22:02 PM  

buckeyebrain: meyerkev: buckeyebrain: meyerkev: fappomatic: That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.

If it's income, it's about half.

But I don't think CA taxes lotto winnings, so he could be as low as high thirties.

If it's capital gains, the whole thing gets taxed at 23.8% once you get above a certain number, plus, again, any CA taxes.

There are almost no cases in which you will pay 85%.  That was Reagan's entire schtick.  And let's give that senile old man his due, he was very good at that schtick.

CA doesn't tax lottery winnings, so he's free and clear there.  The highest federal tax rate is currently 35%.

Don't you mean 39.6?

Wasn't there a big government shutdown over exactly at what point we would kick into 39.6?

/And then it's literally about a grand above the point at which we kick into 35?

You're right, my bad.  It's 39.6% over $413K.


Lotto wins are taxed federally at 25%
 
2015-09-01 04:36:17 PM  

neritz: buckeyebrain: meyerkev: buckeyebrain: meyerkev: fappomatic: That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.

If it's income, it's about half.

But I don't think CA taxes lotto winnings, so he could be as low as high thirties.

If it's capital gains, the whole thing gets taxed at 23.8% once you get above a certain number, plus, again, any CA taxes.

There are almost no cases in which you will pay 85%.  That was Reagan's entire schtick.  And let's give that senile old man his due, he was very good at that schtick.

CA doesn't tax lottery winnings, so he's free and clear there.  The highest federal tax rate is currently 35%.

Don't you mean 39.6?

Wasn't there a big government shutdown over exactly at what point we would kick into 39.6?

/And then it's literally about a grand above the point at which we kick into 35?

You're right, my bad.  It's 39.6% over $413K.

Lotto wins are taxed federally at 25%


25% is the initial withholding (much like the federal withholding on your paychecks).  You still have to settle up for the rest by April 15.
 
2015-09-01 04:45:51 PM  

buckeyebrain: 25% is the initial withholding (much like the federal withholding on your paychecks).  You still have to settle up for the rest by April 15.


Which is really annoying when your "lottery win" is hidden away from you by insider trading laws, and so you have to dive deep into actual paychecks to pay it.
 
2015-09-01 04:46:34 PM  

buckeyebrain: neritz: buckeyebrain: meyerkev: buckeyebrain: meyerkev: fappomatic: That's what you call an exceptional ROI. Poor schmuck will probably be targeted by the IRS based on some obscure code section and be leaned-on for 85% of the winnings.

If it's income, it's about half.

But I don't think CA taxes lotto winnings, so he could be as low as high thirties.

If it's capital gains, the whole thing gets taxed at 23.8% once you get above a certain number, plus, again, any CA taxes.

There are almost no cases in which you will pay 85%.  That was Reagan's entire schtick.  And let's give that senile old man his due, he was very good at that schtick.

CA doesn't tax lottery winnings, so he's free and clear there.  The highest federal tax rate is currently 35%.

Don't you mean 39.6?

Wasn't there a big government shutdown over exactly at what point we would kick into 39.6?

/And then it's literally about a grand above the point at which we kick into 35?

You're right, my bad.  It's 39.6% over $413K.

Lotto wins are taxed federally at 25%

25% is the initial withholding (much like the federal withholding on your paychecks).  You still have to settle up for the rest by April 15.


Well after a quick google, I believe you're correct.

/never won anything.
 
2015-09-01 05:06:51 PM  
Sure hope he made a reasonable effort to find the owner of the money because if not he's admitting to breaking the law.

:)
 
2015-09-01 06:55:17 PM  

neritz: 25% is the initial withholding (much like the federal withholding on your paychecks). You still have to settle up for the rest by April 15.

Well after a quick google, I believe you're correct.

/never won anything.


It's an understandable mistake.  The news coverage of the lottery always says "XX millions after taxes", when what they mean is "XX millions after withholding".  The tax rate is 39.6%.
 
2015-09-01 08:42:39 PM  
FATANG ! FATANG!
img.fark.netView Full Size
 
2015-09-02 06:09:12 AM  
Sure beats plan 2 of spending that on beer and chips.
 
2015-09-02 09:51:48 AM  
Isn't there some sort of windfall tax on top of that?
 
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