South Dakota rancher claims $232 million Powerball

A 23-year-old rancher whose family has fallen behind in their taxes and recently had a mobile home repossessed has claimed a $232.1 million Powerball jackpot.

[to hard]

Well, someone who actually needed it won? Great for them.

[Lottery]

That made my day. Now I am not even mad that I didn't match any numbers...

[The leprechaun]

Terrific! I'm glad he won and hope he is able to manage it for the better.

[Bob the Bilderberg]

I think if Obama wanted to win my vote, he'd call a tax amnesty. Anyone who owes back federal taxes gets a pass and an amnesty. Think of the money that would be let loose into the economy!

[Jeff Eastsider]

It'd be interesting to know how his ranch and his finnaces got to be in such a bad state. Maybe the Meth heads have moved further out??

[Red Foreman]

Congrats SoDak Boy! Don't spend it all in one place! That's one heck of a bite from taxes sheesh! I thought you got about 50% not a third for crying out loud!

[orreljw]

Congrats! It is great to see it go to someone who needs it!

[HMMM]

Jeff Eastsider wrote:

It'd be interesting to know how his ranch and his finnaces got to be in such a bad state. Maybe the Meth heads have moved further out??

And how many ranches have you managed?

I'm happy for the man and his family. He sounds like a decent young man.

[attn_required]

Bob the Bilderberg wrote:

I think if Obama wanted to win my vote, he'd call a tax amnesty. Anyone who owes back federal taxes gets a pass and an amnesty. Think of the money that would be let loose into the economy!

I really don't think Obama gives a diddely squat about your vote!!

[Bubbles]

Red Foreman wrote:

Congrats SoDak Boy! Don't spend it all in one place! That's one heck of a bite from taxes sheesh! I thought you got about 50% not a third for crying out loud!

the total amount they put on the billboard is the "annuity value" if you take equal installments for 20 years. If you take the lump sum it is much lower due to the time value of money. Goodle net present value for an explanation of how money now is worth more than money in twenty years. What is actually recieved would be taxed as regular income with the majority coming in at the highest marginal rate.

[Tybalt]

best news i've read in weeks. i hope there's some indian blood in the family.

[Peter]

Funny how things are in our society. Get rich randomly and it's celebrated. Get rich by skill, determination, hard work, and sacrifice and the Left hates you.

[to hard]

Peter wrote:

Funny how things are in our society. Get rich randomly and it's celebrated. Get rich by skill, determination, hard work, and sacrifice and the Left hates you.

That is soooo true!

[Jeff Eastsider]

HMMM wrote:

<quoted text>
And how many ranches have you managed?
I'm happy for the man and his family. He sounds like a decent young man.

I simply was curious about his finances, save your judgementalism for real issues.