Win the lottery, keep your food stamps.

[highland145]

How do you figure? 800K @ 5% is 40K a year. I would think that's a livable income.

For normal people. The "redneck rich" syndrome will have him broke fairly quickly.

 

[Train]

For normal people. The "redneck rich" syndrome will have him broke fairly quickly.

at which point he can re-apply for assistace.

I'm really hoping the people in this thread who think it's ok for him to stay on food stamps are joking.

 

[Anonemous]

How do you figure? 800K @ 5% is 40K a year. I would think that's a livable income.

Wow it must be nice to live off interest that isn't taxed or anything.

 

[highland145]

Wow it must be nice to live off interest that isn't taxed or anything.

You know what he meant. $40K gross is still decent when you were on public assistance.

Sorry, still are on public assistance.

 

[Patranus]

The most disturbing part of this story is the fact that the government is giving this guy money for food when he had money to play the lottery with.

If you have money to play the lottery you shouldn't be getting public assistance to begin with.

 

[FDF12389]

The most disturbing part of this story is the fact that the government is giving this guy money for food when he had money to play the lottery with.

If you have money to play the lottery you shouldn't be getting public assistance to begin with.

Yea because he really wasted that fucking dollar!

 

[JTsyo]

Yea because he really wasted that fucking dollar!

how many has he bought that wasn't winners?

 

[FDF12389]

how many has he bought that wasn't winners?

Doesn't matter, I'm all for conservative welfare spending, but gunning on a dude for buying a lotto ticket is going too far, would you rather he purchased a candy bar with his food stamps?

 

[Kev]

What the fuck is somebody on food stamps doing buying lottery tickets. That should be illegal.

 

[Kev]

Doesn't matter, I'm all for conservative welfare spending, but gunning on a dude for buying a lotto ticket is going too far, would you rather he purchased a candy bar with his food stamps?

Seeing as a candy bar is food, why yes, I would rather he purchased a candy bar with his food stamps.

There's a reason the lottery is called the idiot tax.

 

[FDF12389]

What the fuck is somebody on food stamps doing buying lottery tickets. That should be illegal.

If you have bought lotto tickets in the past should you be DQ from applying for food stamps? You're going to have dumb people getting food stamps, it comes with the territory.

Even if you had supplied rations instead of food stamps there would still be abuse.

The process of making it illegal to buy lotto tickets while on food tamps would waste tax dollars and be impossible to enforce.

 

[Printer Bandit]

how much $$$ are food stamps worth?

 

[highland145]

how much $$$ are food stamps worth?

$.50 on the dollar, round here.

 

[FDF12389]

Seeing as a candy bar is food, why yes, I would rather he purchased a candy bar with his food stamps.

There's a reason the lottery is called the idiot tax.

So you would rather an individual on welfare spend your tax dollars on something with no return on investment that is also unhealthy with almost no nutritional value rather than he spend his own dollar to win the lottery?

Wheres the logic? One dumb thing is ok, another isn't?

 

[FDF12389]

how much $$$ are food stamps worth?

Walk into a cigarette depot that has a sign up saying "We now sell Milk and Eggs". They'll be able to tell you.

 

[Kev]

If you have bought lotto tickets in the past should you be DQ from applying for food stamps? You're going to have dumb people getting food stamps, it comes with the territory.

Even if you had supplied rations instead of food stamps there would still be abuse.

The process of making it illegal to buy lotto tickets while on food tamps would waste tax dollars and be impossible to enforce.

Enforce it after the fact -- just make it illegal to collect winnings. Not only do you not have to pay these scumbag leeches their winnings, but you get to laugh in their face when they win a jackpot and can't claim it.

 

[Kev]

So you would rather an individual on welfare spend your tax dollars on something with no return on investment that is also unhealthy with almost no nutritional value rather than he spend his own dollar to win the lottery?

Wheres the logic? One dumb thing is ok, another isn't?

Not in your post, that's for sure. A lottery ticket is in no way an investment, it's a negative expected value gamble. At least a candy bar provides caloric sustenance. Ask a starving child, would he rather have a lottery ticket or a candy bar. do you get the point now?

 

[tcsenter]

The guy won the money on a TV game show (owned by the Michigan State Lottery).

 

[sactoking]

Fick claims he paid more than half of his winnings in taxes -- leaving him about $850,000 -- according to the station.

That's some straight up bullshit. A millionaire getting food stamps. Notice he feels no shame or guilt in doing so either.

Ummm.....

 

[Capt Caveman]

The guy won the money on a TV game show (owned by the Michigan State Lottery).

And paid more in taxes than all of the knuckleheads in this thread combined. But don't let the OP and other ignoramuses discuss the facts. B/c we all know participating in a game show is the same as buying a lottery ticket.

/thread

 

[ahenkel]

Well since he's still going to collect benefits I wonder if he'd get in trouble if he just donated it to a food bank or something.

 

[Cuda1447]

It always amazes me that people on food stamps have the money to buy lotto tickets.

good motherfucking point

 

[mwtgg]

Also, the reason it's not counted as income is because it's counted as capital gains and TAXED at income rates. But technically it's not income.

Please stop speaking on tax matters.

 

[spidey07]

Please stop speaking on tax matters.

Cut me a break. I have to balance gains/losses from gambling so I wrongly assumed it was capital gains.

 

[mwtgg]

Cut me a break. I have to balance gains/losses from gambling so I wrongly assumed it was capital gains.

This isn't the first thread you've provided erroneous tax information. That being said, the Code (and some states) allows you to offset wins up to the extent of losses (and in the case of the federal return, you must itemize to offset).

As for an on-topic reply, the fact that these payouts aren't included in eligibility income is a damn travesty. Furthermore, why is this individual purchasing lottery tickets in the first place?