Taxes on lottery winnings

Winning a national lottery is something many people dream about. U.S. citizens spend billions of dollars each year buying lottery tickets in hope of striking it rich. Unfortunately, many lottery winners end up broke within a few years because they squander winnings instead of putting their newfound wealth to work.

In the U.S. the national lottery includes games like Mega Millions and Powerball. Payouts are determined by the number of tickets sold and the amount of accumulated funds from previous drawings that did not have winning tickets.

These jackpots often grow to staggering amounts that have, at times, exceeded $300 million. The largest Mega Million jackpot payout amounted to $380 million, while the largest Powerball jackpot payout was $340 million.

Few people would argue that winning lottery jackpots would forever change a person's life. Winning millions of dollars lets people live the life of their dreams and still have plenty of money to pass along as inherited wealth for future generations.

On the flip side, there can be many complications that arise with winning large sums of cash. One challenge many jackpot lottery winners face is dealing with fame and notoriety. A lot of people do not know they can keep their winnings private by hiring a lawyer, financial adviser, or personal representative to claim their lottery winnings and keep their name out of the paper.

While it can be intoxicating to fantasize about spending mountains of lottery cash, the truth is it is expensive to win jackpots. State and federal income taxes can amount to nearly half of winnings. The best strategy is to promptly hire a trustworthy financial consultant to learn ways to lessen taxes on lottery winnings.

Taking winnings as lump sum cash typically costs more than taking smaller annual payments. People that win millions are placed into a higher tax bracket and subjected to higher taxes.

Financial planners can help winners develop investment plans to lessen tax burdens. Strategies can include accepting annuity payments; establishing an irrevocable life insurance trust; or depositing funds into tax-sheltered retirement accounts like a Roth IRA.

It's also crucial to work with a tax accountant to ensure winnings are reported correctly on income tax returns. Regardless of whether a person wins the national lottery jackpot or cash or prizes from state games, all winnings have to be reported to the IRS. This also includes cash and prizes won from sweepstakes, contests, horse or dog racing, and casinos.

Taxpayers are allowed to report gambling losses on personal tax returns as long as adequate documentation is presented. People that engage in legal gambling on a regular basis need to setup recordkeeping systems and accounting methods to keep track of winnings and losses.

Lottery winners should also work with estate planning professionals to protect their newfound wealth for their family. Estate planners can help winners understand which methods will lessen inheritance and estate taxes and expand financial investment portfolios.

Sadly, many people spend money they don't have in their quest to win the national lottery. Gambling can turn into an addiction that requires professional help to overcome. Individuals that play the lottery should never spend more money than they can afford to lose and always bear in mind that the chances of winning mega jackpots is 1 in 18 million.

Those fortunate enough to win a national lottery owe it to their self to learn ways to make the most of newfound wealth. Financial expert, Simon Volkov shares personal investing strategies and estate planning methods to reduce lottery taxes at www.SimonVolkov.com.

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Powerball lotto

Have you ever wondered why people rush lotto games? Powerball, mega million, Euro millions and all other lotto games pay very good money. You can tear your pocket apart at the mention of such numbers if you are not in control of yourself. People are constantly looking for lottery numbers for mega millions. Don't blame them; if you get such numbers won't you play them?

Well don't answer that question. There are ways to forecast numbers that will pay. There is only slight variation between the lotto game and they depend on the numbers involved. All lottery games depend on numbers. The odd does not depend on the kind of lotto you are playing. Whether China Lotto, Powerball, Lotto Max, Taiwan Lotto or any other lotto anywhere, all are alike. Every thing here depends on numbers and if you are going to win mega millions, you must understand the rule of numbers following certain trends.

The Odds- The odd of winning anything substantial is 1 out of millions. Those slight chances are what have been giving people money, being hundreds of thousands, millions, etc. And that is the weakness of every lotto game - they are very hard to win. If you learn to work with the individual numbers, you will sure be pretty good at last.

Strategies To Winning Lotto Game- You must understand that the Powerball come from any of the ten numbers in the first row. If you are to go like this, you may have to get at least six numbers correct to win. On the other hand, picking from the column will give you a better chance of winning any lotto game consistently.

Just like every other game, lotto has a well defined/Un-defined system. The best forecasting you can do with lottery numbers for mega millions is only if you were able to follow the trend. You must also learn to map the numbers and make adjustments. If this system is clearly defined, it won't make sense anymore. Its hardness increases the fun and makes the game a great expectation to any player. The simple truth is that all lotto numbers must move in a certain trend until they are altered. The range of movement and the alteration period will sure not be easy to trace but you will only have to adjust to come back to the new trend.

Playing High And Low Numbers- Certain numbers within a range and in accordance with the current trend must show up until a certain period. They all move in rotation. Playing x numbers in a set within a period of draws will improve your chances too. Many people get confused when it comes to following lotto trends. Don't be like others that always go and throw in money without actually analyzing what the outcome seems like. Anything worth your investment is worth your time. Take time to follow and learn the trends. This will help you win consistently.

Are you looking for more information regarding Lottery Numbers ? Visit www.winningthepowerball.com today!

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Lottery software programs

Wow! Exciting news as the mega millions lottery has gone wild producing two winners out of millions of people who wanted a chance to become the next mega millions winner.

It looks like the lotto retailers really had their hands full as people lined up in droves to have a chance at winning the lottery. In these tough economic times folks just like you and I were willing to scrap up a couple of dollars to hundreds of dollars just to have a shot at the big jack pot.

Winning the lottery has changed thousands of lives all over the world. Some of the winners even have the fortune of winning several times by getting down a system of picking lucky lotto numbers or favorite numbers or even using past winning numbers.

Some people have really developed a system that hands down they believe in and use theses numbers in everything they do in life.

Also when you go to the Internet and type in how to win the lottery you will see millions of people searching for the keys to winning the lottery or getting that mega millions winning advantage. When searching the web you will find there are many lottery software programs also that claim to have the best secret winning formulas.

Do the research before choosing any system. If you can find a good lotto software program it will help you to pick winning random numbers, possible future winning numbers, overdue numbers, past lotto numbers,and even cold and or hot numbers.

When looking for the winning lottery formula you can while doing research get the special number bug and start winning smaller jack pots as you get better at picking the lucky numbers and learn how to win the lottery games.

Many people also purchase lotto tickets through lottery pools or clubs where everyone has the power of a large group of numbers and tickets and several people can become lotto millionaires all at once.

Also there is what is called lotto wheeling using a lottery wheel to help increase the odds of winning the lottery. Picking your numbers then grouping them and running different variations of the same numbers in a pattern etc.

The interesting thing about all of us who have the desire to win that next big lotto jackpot is that we truly believe we can win or that we have that special insight. Or that maybe it was meant to be for me. One thing for sure the common thread seems to be that people who play the lottery are definitely optimistic or have an open-minded approach to life.

So regardless of how you choose to play the lottery or what system you decide to use make sure that you don't overspend be wise and consult with some of the lotto pros and do the research before choosing a lotto software program.

The mega millions lottery is waiting for the next winner and that lucky winner may be one of us as we continue the journey to find or pick the lucky lotto numbers.

We hope the information provided here helps you on the journey and if you really want to increase the odds and learn how to win the mega millions lottery then with this free report we can show you how to start and Get instant access to discover the secret lotto strategies that really work! With How To Win The Lottery And The Secret Lotto Strategies.

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Yale series of younger poets

Entering the private world of a master poet
is indeed a gift from God.

In her lonely room ...

Nuance, alliteration,
heroism, mettle, valor
bravery
and heart;

Colon's, comma's, apostrophe's, periods
exclamation points, question marks
and words.

Red ink is on the ribbon plate

A small blister on her thumb.

During the twentieth century one of the most influential poets is no doubt, Adrienne Rich. As a writer of considerable breath and scope, Rich became a recognized poet at the tender age of twenty-two.

In her last year of college, her first collection of poetry, A Change of World was selected for the Yale Series of Younger Poets Award. Rich was selected by none other than W.H. Auden, the eminent poet who is often considered one of the greatest writers of the twentieth century.

Over the years Rich became noted for the exploration of topics related to gender roles and human sexuality. In 1976, Rich published Of Woman Born: Motherhood as Experience and Institution. This controversial collection of poetry which was hailed by some critics and harshly criticized by others was a declaration of her lesbian identity. A subsequent publication, Dream of a Common Language contained explicit references of sexual desire.

In addition to her poetry, Rich's work was combined with a spirited interest in the social and political issues of her day. She became actively involved in protesting the American War in Vietnam. And she was also a significant figure in the woman's liberation movement.

Rich was a contributing member of the Boston Woman's Fund, the National Writer's Union, Sisterhood in Support of Sister's in South Africa and the New Jewish Agenda.

Gerald Marchewka is an American freelance writer currently staying in Siem Reap, Cambodia. At the moment he is teaching language, literature, culture and social theory at the Cambodian University for the Specialties. He may be reached at geraldmarchewka@yahoo.com

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Anchorman the legend of ron burgandy

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Will Ferrell is a very funny man. He's been noted as being the Chevy Chase of our time. His movies have affected pop culture in ways he or his agent never thought possible. Below is some of his best work and most popular movies.

1) Anchorman: The Legend of Ron Burgandy (2004)

This movie was one of the first movies that a lot of people saw of Will Ferrell's. It revolves around his character, Ron Burgandy, who is the lead news anchor on a local television news station in San Diego, CA. Co-stars include The Office's Steve Carell, very funny actor Paul Rudd and of course David Koechner who also guest stars on The Office. This story really gets thick when Christina Applegate's character shows up on the scene and threatens Ron's position as lead anchor. All around funny movie everyone should check out.

Family Rating: Some language, some sexual content. Nothing absolutely terrible but some parental discretion is advised.

2) Talladega Nights: The Ballad of Ricky Bobby (2006)

If you've never seen this one, you definitely should check it out. Ferrell stars as the big-name (fictional) Nascar driver Ricky Bobby alongside John C. Reilly. Basically the two start off as best friends on the same Nascar pit crew and then Ricky becomes the driver of that team. John C. Reilly's character then gets his own car and pits against him. Although the two best friends have their differences at one point in the film, the main rival is a French driver named Jean Girad played by Borat's own Sacha Baron Cohen.

Family Rating: This film is a bit dirtier than the above mentioned Anchorman but is equally funny. Language, Partial Nudity, Mild Violence.

3) Step Brothers (2008)

This movie is not at all family friendly but it is VERY funny. The plot of the story revolves around two middle-aged guys who still live at home with their single parents. Their parents end up meeting and falling in love and rightfully so, end up moving in together, taking their two middle-aged children with them. After the initial hatred of one another, they end up getting along and getting into a great deal of mischief, including wrecking a boat, burying each other and also starting their own business that really has no background or purpose. This is a hilarious movie and great for a few adults to all get together and enjoy.

Family Rating: It has none. This movie is rated R and in this case means "REALLY bad for kids under 13." Language, Frontal Nudity and Comic Violence/Death.

Scott writes about everything from Movies to Gaming. If you enjoyed this article, feel free to check out his most recent website here Fire Pit Designs where you can also find many ideas on Backyard Fire Pit Designs

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Shed Some Fat Easy with Raspberry Ketones!

Raspberries (Photo credit: hello pedestrian)

 Dr. Oz usually knows from which he speaks, and today he is speaking out on the fat-burning fruity-named Raspberry Ketones.  Take a read and see why!

Raspberry ketones – it’s the latest craze to hit town in the weight loss department. Its super-fast action as a fat burner brings noticeable results in as little as two weeks. So, if you’re getting ready for your prom or there’s a high school reunion coming up, or you just want to show off your body on the beach this summer, starting a raspberry ketones regimen is the way to go.

Raspberry ketones are extracted from the red raspberries. They are the compounds in the red raspberry fruits that provide the sweet fruity smell. You can also find the scent in cosmetics and perfumes where they are widely used. The downside is they are found in such small amounts that a kilo of red raspberries will yield only 1 – 4 mg. Much to the delight of overweight people, manufacturers have produced them in non-biological processes using chemical intermediate substances to increase their availability. Two tablets a day taken with a glass of water is enough to shed off the pounds. A sensible diet that is low in fats and carbs plus regular exercise cap off an effective weight reduction program.

Raspberry ketones have a similar formulaic structure to adrenaline and ephedrine, prompting some Japanese scientists to find out if they also had the same actions as the two other elements. Indeed, the experimental mice who were fed a high fat diet and the raspberry ketones did not gain as much weight as their counterparts who were not given the extract. In humans, taking raspberry ketones increased their production of adinopectin, a hormone that regulates the metabolic function and prevents obesity and weight-induced diseases.

This amazing made-from-nature product does not only hasten metabolism and burn fat faster, it also contains potent antioxidants that shield the body from damage and diseases at the cellular layer. Adinopectin is at work here again. By triggering its release, raspberry ketones help combat type 2 diabetes. It aids in normalizing cholesterol levels and prevents non-alcoholic fatty liver conditions that may lead to liver cancer.

Raspberry ketones work well alone. They have been classified as safe by no less than the US Food and Drug Administration. Combined with other natural thermogenic substances, its fat-fighting actions are multiplied tenfold. This accounts for raspberry ketone supplements also containing African mango, green tea or acai berry. Best of all, there are no reported negative effects from taking raspberry ketones supplements.

In short, raspberry ketones have two unique features that make it stand out above the rest. Firstly, it acts fast to produce immediate weight loss in about two weeks. And secondly, it works even if you can’t resist a high fat meal by inhibiting the growth of fat tissues. So jump on the bandwagon and harness the power of raspberry ketones before the stores run out of stock.

By: Evitamins.com

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eVitamins is the leading healthy lifestyle management destination across the web. Whether you are looking for information or just shopping for vitamins or supplements, we're confident we can help you. Get discounts on various products including the popular Raspberry Ketones and White Kidney Bean Extract.

Related articles

• Raspberry Ketones Benefits (nutraplanet.com)
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Rex grossman

Now that the Super Bowl has commenced, the off-season has officially started for NFL teams, which means it is time for my team, the Washington Redskins to shine. I just read a report on ESPN recently where Adam Schefter said this: "If Peyton Manning is released, Redskins are anticipated to pursue him. Redskins also willing to pursue free agents Matt Flynn and Kyle Orton." Which begs the high dollar question for Redskins fans: When the Redskins pursue Peyton Manning?

It's a tough question to answer because nobody knows for sure yet if he is going to come back fully healthy or just a shell of his former self. But for this post, I am just going to assume that in the next couple months he proves that he is healthy and back to where he was pre neck surgery. With that in mind he is still about to turn 36 in a month and a half so you think he might have 3 more elite to good years in him. A lot of people forget how good this guy actually was when he was healthy, but I think the showing of this years' Colts team tells you everything you need to know. So on the Peyton side of things what I am saying is that if he is healthy (big if) than I think he is a top 3 QB in the league and I am going to say he has 3 good years left in him.

Which leads us to the Redskins side of things. Now to advocate the Skins going after Peyton Manning, I would have to believe that if we got him we would turn into a contender. While I understand the Redskins were 5-11 last year, I think that he would. I said all last year that I thought we were one good QB and WR away from being a playoff team and once you get into the playoffs anything can happen (see Giants). I am sure I come off as a delusional Redskins fan, but if you can win 5 games as a team with Rex Grossman to Santana Moss as your best option, I could definitely see us winning 9 or 10 games with Peyton Manning throwing to Justin Blackmon? (but that's for another post) I say all this because if I did not believe he would turn us into a contender I would not go after him, because in professional sports to be successful, a team must be doing one of things: 1. Rebuilding and getting younger for the future. 2. Doing what they can to add the piece(s) that will get them over the top and be a contender. There is no point in being average in the NFL or any professional sports franchise because you still don't make the playoffs and you get a worse draft pick. For the last 2 years under Mike Shanahan we have been rebuilding and getting younger, getting rid of a lot of the old Redskin standbys, and bringing in new blood. But in the NFL the shelf life of these players are very small and 2 years is enough time to rebuild and even though they have not been very successful these last 2 years (like most rebuilding teams), I think they set themselves up pretty well to be contenders by just adding a few pieces this offseason.

Before I totally commit to Manning (you see where I am going with this post), I wanted to go through some of the other Redskins options first. As you can see above they said they are going to for other veteran QB's as well including Matt Flynn and Kyle Orton. These are two very interesting options as they both are still in the prime of their playing careers, ages 26 and 32 respectively, and both are thought fairly highly of. Nobody is saying these guys are All-Pro or anything but Kyle Orton has a track record of at least being decent in Denver and Matt Flynn while not getting a lot of time behind Rodgers in Greenbay has gained a decent reputation over there for being pretty good as well. The last major option is through the draft and getting Robert Griffin III (probably by trading up, but he could potentially fall to 6). Each of these guys has their pros and cons. Orton is the oldest of the 3 and has the longest track record, he is kind of the guy you know what you are going to get from, not a high ceiling, but not a low floor either. With Flynn he is the middle man in this group, you really haven't seen much of him (other than his record-breaking performance against Detroit this year), but you still have seen more of him at the NFL level than Griffin. He has more potential than Orton but less than Griffin, but much like Griffin you don't have much to go off of. And that brings me to the last candidate Robert Griffin III, the Heisman winner. He definitely has the highest potential of any of these 3 guys but also as a rookie you will have to expect him to go through his bumps and bruises and really can't expect him to be at his best for another 5 years. To get Griffin you would also probably have to trade up to number 2 to get ahead of the Browns and probably lost your number 1 pick this year and next year for it.

So it all brings us back to the point of where the Redskins are as an organization now. Are they good enough to go for a guy who will turn them into a title contender or are they in rebuilding mode. I said above that I think the Redskins are one QB and WR away from being a contender. Saying that, I think the Redskins should go after Manning as he is easily the best QB of that group if healthy as presumed in this post. If you really think you are one or two good players away from being a contender, there is no point in going halfway and placing Orton or Flynn as your QB when you can have one of if not the best in the game in Peyton Manning. Even if it is only for 3 years, windows for Super Bowl titles are small in the NFL and I think you need to go for it when you can. Here are how I would rank my priorities in terms of potential Redskins Quarterbacks this off-season:

1. Peyton Manning- If healthy, ultimate win now guy. Top 3 QB in league. I believe with a good WR as well will turn Redskins into contender for next 3 years.

2. Matt Flynn- 26 years old, would be Redskins QB of the future but would be able to produce now as well, not as good as Manning but I believe he is the 2nd best QB on this list and could be our QB for the next 10 years as well.

3. Kyle Orton- 32 years old, not as old as Manning or as young as Flynn, consistent average QB, know what you will be getting with him. Probably would be our QB for next 5 years but, don't think he would be as good as Flynn or Manning for those years.

4. Robert Griffin III- I think he our last priority because he is the ultimate rebuilding guy. This year (and the next couple as well) he is going to through some bumps and bruises as all rookies do and wont be at his most productive for another 5 years. He could very well be a great QB someday but as of next season, I think he will be the worst QB on this list.

I am sure as a Redskin fan advocating Peyton Manning I will come off as the typical Redskin fan who wants Daniel Snyder to throw all his money at an aging big name guy just like he did with Haynesworth, Mcnabb, Deion, etc.. And that is fine and fair, but what I am saying with all of this is that I think the Redskins are ready to win now and Peyton Manning if healthy is a top 3 QB in this league and would be the best option to put them over the top. Now whether Manning wants to come to the Redskins is for a whole nother post... (probably tomorrow).

Come check the rest out at http://www.beltwaysportsblog.com

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