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Record Powerball jackpot winner now broke January 16, 2007

Posted by daveintexas in Current Events.

Jack Whittaker won $315 million ($114 after taxes) in 2002.

He’s had a few problems since then.  Among them:

Granddaughter died from a drug overdose.

Arrested for drunken driving, ordered into rehab.

Being sued for bouncing checks at Atlantic City casinos.

Being sued by the father of an 18 year old boy (granddaughter’s friend) found dead in Whittaker’s house.

And now says he can’t pay a settlement to a female casino worker (who claims he assaulted her) because thieves cleaned out his bank account.

A whole lotta people want to sue this guy.

So my problems really don’t seem all that bad.



1. Wickedpinto - January 16, 2007

I was always curious.

On occasion I purchase tickets for these things. I’ve always said that I don’t need much money (though I would keep a mil, if the number was high enough) so I would seperate the money between my brother and mother, leaving me only enough to survive and attend university.

So, if I had won say, 10 million bucks, that would be about 4.5 after taxes right? Now, if I kept a mill for myself, leaving 3.5 mil (after taxes) could I make a gift of that income to my mother and brother without having it cut in half AGAIN?

Cuz “gifts” over X amount are considered income, and over a million is the top bracket, so even if I only JUST THE DAY BEFORE! partitioned my taxes from my winnings, would those other 3.5 be be taxed half again as income? Or would my families income be treated as an in fact partnership?

Sorry, just something I thought about during the 351 powerball in 2001.

2. pajama momma - January 17, 2007

Ask Andy Dufresne.

3. daveintexas - January 17, 2007

He does my taxes.

4. Wickedpinto - January 17, 2007

I can’t read any of his letters since he started using a pickaxe.

5. Boredly - January 23, 2007

Is he broke or hiding his money from these lawsuits?

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