Poor Man Wins Lottery – Will it Help or Hurt Him?

The following is a short article from The Hamilton Spectator on Saturday, June 6, 2009. A 23-year-old rancher whose family has fallen behind in its taxes and recently had a mobile home repossessed, claimed a $232.1 million Powerball jackpot yesterday, one of the largest single jackpot in the U.S. lottery history … He will take home $88.5 in a lump sum payment after taxes are deducted.  … “I want … [Read more...]