With U.S. Taxes About to Rise on the Richest Americans (the so-called Fiscal Cliff), Arizona Powerball Winner (of $192 Million) Wisely Taking Jackpot Before Jan. 1
Now I’ve heard everything.
We here in the United States have been obsessing over budgets ever since our last election cycle. President Obama wants to raise the tax rates of those making over $250,000. His opponents have long said no.
But Obama won and elections have consequences.
So the winner (actually co winner) of the recent $588 million Powerball jackpot has decided to cash out now, rather than wait until after Jan. 1.
In Arizona, Powerball winners can choose to remain anonymous… but the winner is a man in his 30s from a wealthy Phoenix suburb, said that after he bought $10 worth of tickets and kept the winning slip in the visor of his car overnight before realizing he was a multimillionaire.
He gave $20 to the cashier of a convenience store, and the clerk nudged him to spend the entire amount on tickets. He declined the offer.
After the man and his wife learned of their good fortune, the husband pulled together a team of financial advisers and decided to take all of his share this month to avoid potentially higher taxes in 2013.
The man opted to take the cash option of $192 million before taxes. Lottery officials said his wife owns half the prize because Arizona is a community property state.
“He and his wife couldn’t believe it, rhey checked the numbers over and over again — absolutely shocked.”
Lottery officials say the man told them he enjoys his job and has no immediate plans to quit.
The unidentified winner later issued a statement that said: “It is difficult to express just how thankful we are for this wonderful gift. We are extremely grateful and feel fortunate to now have an increased ability to support our charities and causes. Obviously, this has been incredibly overwhelming and we have always cherished our privacy.”
A mechanic and his wife, Mark and Cindy Hill, of Dearborn, Mo., already have claimed their half of the multistate Powerball prize.
The jackpot was the second-largest in U.S. history.
Now THIS is great gaming news! What do I do now?