Mr. Darkjustice Posted May 20, 2011 Report Posted May 20, 2011 http://news.yahoo.com/s/yblog_localdtw/20110518/ts_yblog_localdtw/2m-michigan-lottery-winner-defends-use-of-food-stamps if its too long to read a guy wins the lottery for 2 mil and the state tells him he can continue to use food stamps. apparently the winnings are not considered income but liquid asset so it does not affect his eligibility . the part that confuses me the most is that if lottery winnings arent considered income why does it get taxed? Quote Fusion With A Stetsom 4k2d on 2 DC XL 15s tuned to 31hz and Subs and ports forward The Revolution Was Not Televised But There Is This Thread(clicky) Dr Merkenstein is my 360 gamertag and my profession. When shit gets real, call in the Doc
Baydestrian Posted May 20, 2011 Report Posted May 20, 2011 Income is from a job? Heard about this, guy is smart and perfectly within his legal rights, but its a douche bag move Quote 2015 Mazda 6 JVF Customz 4.0 Proto 15>Wolfram W4500 @ .5ohm 2 Sundown Neo 6.5 + 2 CT Meso Tweeters (Front) x Kicker KS6.5 (Rear)>JL Audio VX400/4i NSB-AMG35 (front) / 40ah Lithium Headway (Rear) built by Erni Audio & Electrical
Mr. Darkjustice Posted May 20, 2011 Author Report Posted May 20, 2011 Income is from a job? Heard about this, guy is smart and perfectly within his legal rights, but its a douche bag move i thought any monetary earning was considered income and thats why lottery is taxed Quote Fusion With A Stetsom 4k2d on 2 DC XL 15s tuned to 31hz and Subs and ports forward The Revolution Was Not Televised But There Is This Thread(clicky) Dr Merkenstein is my 360 gamertag and my profession. When shit gets real, call in the Doc
TeamHT Posted May 20, 2011 Report Posted May 20, 2011 So they can eat from every plate we get. But I read through it and that is so retarded. Of course he still needs assistance :snarl: Quote Tell me...does this smell like chloroform to you?
TeamHT Posted May 20, 2011 Report Posted May 20, 2011 Income is from a job? Heard about this, guy is smart and perfectly within his legal rights, but its a douche bag move i thought any monetary earning was considered income and thats why lottery is taxed Correct. Wages are not the only form of income. I don't think he's within legal rights, I just think the state showed some cowardice, not realizing the huge ramifications this may have. Quote Tell me...does this smell like chloroform to you?
Baydestrian Posted May 20, 2011 Report Posted May 20, 2011 (edited) No he is in his legal rights, he notified the state and it's just a loop hole....got this from a thread when I did a google search: They are [LOTTERY WINNINGS] taxable income. After the Fed and the state take their cut the dude will be lucky to end up with 30% of the winning I'm sure it will be over ruled and changed and he won't be able to get food stamps but for now he's legit Edited May 20, 2011 by wonderbreadSTS Quote 2015 Mazda 6 JVF Customz 4.0 Proto 15>Wolfram W4500 @ .5ohm 2 Sundown Neo 6.5 + 2 CT Meso Tweeters (Front) x Kicker KS6.5 (Rear)>JL Audio VX400/4i NSB-AMG35 (front) / 40ah Lithium Headway (Rear) built by Erni Audio & Electrical
Mr. Darkjustice Posted May 20, 2011 Author Report Posted May 20, 2011 so they give him a loophole because they are using one? because it sounds to me its income till they get their cut, then after they dgaf Quote Fusion With A Stetsom 4k2d on 2 DC XL 15s tuned to 31hz and Subs and ports forward The Revolution Was Not Televised But There Is This Thread(clicky) Dr Merkenstein is my 360 gamertag and my profession. When shit gets real, call in the Doc
Baydestrian Posted May 20, 2011 Report Posted May 20, 2011 I think ppl are saying its more on the food stamps loop hole rather than the lottery Quote 2015 Mazda 6 JVF Customz 4.0 Proto 15>Wolfram W4500 @ .5ohm 2 Sundown Neo 6.5 + 2 CT Meso Tweeters (Front) x Kicker KS6.5 (Rear)>JL Audio VX400/4i NSB-AMG35 (front) / 40ah Lithium Headway (Rear) built by Erni Audio & Electrical
Mr. Darkjustice Posted May 20, 2011 Author Report Posted May 20, 2011 i know, but when you start to think about it theres 2 Quote Fusion With A Stetsom 4k2d on 2 DC XL 15s tuned to 31hz and Subs and ports forward The Revolution Was Not Televised But There Is This Thread(clicky) Dr Merkenstein is my 360 gamertag and my profession. When shit gets real, call in the Doc
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