USAF TSgt C-17 Aircraft Maintenance Flying Crew Chief & Flightline Avionics Craftsman
working in a cheese plant was my third choice of careers , 1st one being adult film star ,2nd working on the railroad , 3rd, cheese factory .
To make a long story short, been on the railroad for 20 years
Randy Stahl wrote: working in a cheese plant was my third choice of careers , 1st one being adult film star ,2nd working on the railroad , 3rd, cheese factory . To make a long story short, been on the railroad for 20 years
So the adult film biz wasn't all it was cracked up to being??!
LOL, sorry but I couldn't resist...
LC
Limitedclear wrote: Randy Stahl wrote: working in a cheese plant was my third choice of careers , 1st one being adult film star ,2nd working on the railroad , 3rd, cheese factory . To make a long story short, been on the railroad for 20 years So the adult film biz wasn't all it was cracked up to being??! LOL, sorry but I couldn't resist... LC
Have fun with your trains
Randy Stahl wrote:working in a cheese plant was my third choice of careers , 1st one being adult film star ,2nd working on the railroad , 3rd, cheese factory . To make a long story short, been on the railroad for 20 years
Thanks to Chris / CopCarSS for my avatar.
"We have met the enemy and he is us." Pogo Possum "We have met the anemone... and he is Russ." Bucky Katt "Prediction is very difficult, especially if it's about the future." Niels Bohr, Nobel laureate in physics
jeaton wrote:$83.5K each for 25 years. Best rethink "take this job..."
Is that $83,500 each winner, per year,times 25 years? If it is, I'm thinking that *might* be more than what your average production worker in a cheese factory makes?
RJ
"Something hidden, Go and find it. Go and look behind the ranges, Something lost behind the ranges. Lost and waiting for you. Go." The Explorers - Rudyard Kipling
http://sweetwater-photography.com/
First, the government gets its end profiting on the sales revenues vs. payouts.
Then, they zap you again for income tax on your winnings.
Finally, as you spend what's left over, they collect sales tax.
And when you die, Probate Court takes another bite.
Of course, you realize that the odds are better on your working toward and earning a million dollars vs. winning it in a lottery.
Perhaps if you hadn't made that 'long' story 'short', you could have had that first choice.
conrailman wrote:If you Hit the Big One at an Indian Casino like Foxwoods Casino up in CT its Tax Free Money or any Indian Casino in USA, or Go Las Vegas Casino Or Atlantic City, NJ You will Pay 28% Federal Taxes on the Jackpot. I think all the Lottery should be Tax Free.
Urban Myth-ALL gambling winnings are subject federal income tax. I don't know for sure about state income taxes. A few states do not have an income tax-Florida and Texas come to mind- but I really doubt any state with an income tax gives a pass on gambling winnings.
You will usually sign a W2-G when the winnings exceed $600 and the payout is 300 times the wager. You get a copy and the IRS gets a copy, so if you fail to report that income on your tax return, you can expect a knock on your door-(Actually, a letter demanding payment of the additional tax due). If the payout less the amount wagered is $5000 or more, 25% of the payout is withheld for federal taxes. That's the general rule, sometimes 28% or more may be withheld.
Most people assume that gambling winnings only have to be reported if a W2-G is issued. That is not true. Again, ALL gambling winnings are reportable income, but the government relies on your honest reporting when a W2-G is not issued.
Well, at least those who don't gamble are OK.
Dan
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