Phone line problems to blame for outage affecting one-third of lottery machines
Lottery sales were fully restored in New Haven County Friday night, hours after telephone line problems shut down more than 900 state lottery machines earlier in the day.
Diane Patterson, a spokeswoman for the Connecticut Lottery Corporation, said the machines, which constitute about one-third of the state's lottery ticket dispensing terminals, were off-line as of late Friday afternoon.
Lottery officials contacted AT&T when the problem occurred at about 8:45 a.m. Friday.
"AT&T is being very diligent and has made it a priority to get the problem resolved," Patterson said.
Patterson said Friday's drawings would still be held, and that terminals in all other counties remained online.
James Vance, the lottery corporation's president and chief executive officer, said they were monitoring the situation closely and would continue until every retailer affected was back online.
"We appreciate that AT&T officials acknowledge the cost and ramifications of this failure and have made resolution a high-priority item," he said.
Seth Bloom, a spokesman for AT&T, said Friday night that it was too soon to determine what caused the problem. Patterson said an investigation has begun.
As of Friday afternoon, lottery officials had not determined the potential revenue loss from the sales interruption.
i'm so glad the terminals are back up and running.the wife and i take a ride into connecticut every saturday to play powerball.it feels great to get out of da bronx...
ok heres the big tax question ...if we were to hit in powerball would we have to pay ct state tax AND new yok state tax.i know the feds are going to get there money no matter what. i just wondering if i have to pay both states taxes
Lottery winnings are taxable income in Connecticut, so any winnings from Connecticut will be subject to Connecticut income tax regardless of where you live. Connecticut doesn't care that you have to pay income tax to your state of residence. If the income comes from Connecticut and is taxable under Connecticut's rules then you will have a tax obligation to Connecticut that's determined by their tax rules. Period. How much you owe will depend on your total taxable income, but if you win a PB jackpot you can expect to pay Connecticut's highest rate on most of it. That's pretty much how you can expect it to work in other states, too.
The good news is that the income tax owed to your state of residence (whether it's NY or another state) will probably be reduced as a result of the taxes paid to another jurisdiction. How that reduction is calculated depends on the tax rules for your state of residence. If you get a credit for the full amount paid to another tax jurisdiction the net effect may be the same as only paying taxes to your state of residence, but you will have to file a return and pay some of the income tax to the state the income comes from. For people living in NYC and some other cities there will also be a city income tax, and they will also have their own rules for taxes paid to other jurisdictions.
Quote: Originally posted by KY Floyd on Dec 30, 2006
Lottery winnings are taxable income in Connecticut, so any winnings from Connecticut will be subject to Connecticut income tax regardless of where you live. Connecticut doesn't care that you have to pay income tax to your state of residence. If the income comes from Connecticut and is taxable under Connecticut's rules then you will have a tax obligation to Connecticut that's determined by their tax rules. Period. How much you owe will depend on your total taxable income, but if you win a PB jackpot you can expect to pay Connecticut's highest rate on most of it. That's pretty much how you can expect it to work in other states, too.
The good news is that the income tax owed to your state of residence (whether it's NY or another state) will probably be reduced as a result of the taxes paid to another jurisdiction. How that reduction is calculated depends on the tax rules for your state of residence. If you get a credit for the full amount paid to another tax jurisdiction the net effect may be the same as only paying taxes to your state of residence, but you will have to file a return and pay some of the income tax to the state the income comes from. For people living in NYC and some other cities there will also be a city income tax, and they will also have their own rules for taxes paid to other jurisdictions.
Not only will the tax be reduced, but if you home state has a higher rate, your tax in that other state will be eliminated, as I mentioned above. I worked for a Big 6 accounting firm as a consultant for several years, and worked long stretches in other states, so I had to deal with this issue every year. What I am saying here is the actual way it works.
Quote: Originally posted by gocart1 on Dec 30, 2006
i'm so glad the terminals are back up and running.the wife and i take a ride into connecticut every saturday to play powerball.it feels great to get out of da bronx...
ok heres the big tax question ...if we were to hit in powerball would we have to pay ct state tax AND new yok state tax.i know the feds are going to get there money no matter what. i just wondering if i have to pay both states taxes
happy new year to todd and all my friends at lp
You will pay taxes to Connecticut and have to file a form. Usually you will get a small refund from Ccnnecticut because they withhold at their highest tax bracket. New York will allow you a credit on the tax owed to Connecticut. You can take this credit on NY State Form IT-112-R.
Quote: Originally posted by rdc137 on Dec 31, 2006
You will pay taxes to Connecticut and have to file a form. Usually you will get a small refund from Ccnnecticut because they withhold at their highest tax bracket. New York will allow you a credit on the tax owed to Connecticut. You can take this credit on NY State Form IT-112-R.
ok .aint this just jimdandy.i now have three different answers..
Quote: Originally posted by gocart1 on Jan 2, 2007
ok .aint this just jimdandy.i now have three different answers..
Actually you got the same answer said different ways and in pieces. Here's my best to combine them based on what I know with CT and NY (both states I've had experience in dealing with).
New York uses the apportioning method to determine how much credit to give you on a tax paid to another state. What this means is that your credit will be based on the percentage of your income taxed by the other state. For example, if you win $100,000 in Connecticut, and you live and work in New York and your total income including that is $200,000, then you would be able to claim the lesser of 50% of your tax due or the tax paid to Connecticut.
This fact gets more complicated by the fact that Connecticut's income tax is also apportioned, so you will calculate your CT tax based on your entire income, then multiply it by the apportionment percent (in this example, 50%). So if Connecticut said you owed $46,000 if you were a resident, since 50% of your income is CT source, then you pay $23,000. New York would allow a maximum credit of that $23,000 or 50% of your NY income tax, whichever is less.
Quote: Originally posted by gocart1 on Jan 2, 2007
ok .aint this just jimdandy.i now have three different answers..
Actually you got two different answers, one of which gets two votes. When the time comes you'll check with somebody who does this for a living, right? Only a moron would rely on free advice from the internet for anything that matters.
I happen to live very nearly the same distance from Connecticut as I do from Pennsylvania, so if I was going to drive to buy PB tickets I'd go to Pennsylvania since they don't tax PA lottery winnings. I might have to file return in PA anyway if I won, but by not paying any taxes to PA it would save me a form on my NY taxes which would probably save me $20 on the accountan's bill. If I lived 5 miles closer to CT, I wouldn't drive the extra 10 mile R/T and definitely spend $3 in wear and tear against a 1 in 50 million chance of having to pay taxes to CT. I think the reality is that people will either drive to buy tickets or they won't, and they'll just deal with the tax consequences if they are lucky enough that they have to.
Quote: Originally posted by KY Floyd on Jan 3, 2007
Actually you got two different answers, one of which gets two votes. When the time comes you'll check with somebody who does this for a living, right? Only a moron would rely on free advice from the internet for anything that matters.
I happen to live very nearly the same distance from Connecticut as I do from Pennsylvania, so if I was going to drive to buy PB tickets I'd go to Pennsylvania since they don't tax PA lottery winnings. I might have to file return in PA anyway if I won, but by not paying any taxes to PA it would save me a form on my NY taxes which would probably save me $20 on the accountan's bill. If I lived 5 miles closer to CT, I wouldn't drive the extra 10 mile R/T and definitely spend $3 in wear and tear against a 1 in 50 million chance of having to pay taxes to CT. I think the reality is that people will either drive to buy tickets or they won't, and they'll just deal with the tax consequences if they are lucky enough that they have to.
"Actually you got two different answers, one of which gets two votes. When the time comes you'll check with somebody who does this for a living, right? Only a moron would rely on free advice from the internet for anything that matters." - KY Floyd
My, aren't we a little cranky...
You would not need to file a return in Pennsylvania if you won. There would be no taxes withheld on the state level. Then again, if you won Powerball in CT, and had to file a return there, I doubt you'd be worried about the extra $20 you'd have to pay an accountant.
What sounds cranky? The bit about only a moron getting their advice online? I suppose a few people might disagree, but I can't imagine relying on free advice from an online forum for anything important like tax or legal matters. Things that are a matter of opinion or subject to debate, maybe, but not anything that's a matter of fact or has real consequences.
I wouldn't expect to have to file a Pa form if winnings are exemp, but I considered that government beauracracy might As far as $20 to have my accountant fill out another form, I should be lucky enough to have that sort of problem. I'd happily do that and pay 5% to Connecticut if I won a big chunk of change playing a CT lottery. Basically, I was simply talking about the possible implications of playing in CT vs PA. Where I live it would be a wash to drive either way just to buy tickets, but the wear and tear and gas would cost me about $30, so I don't bother making a special trip. I pass through PA on the way to other places at least 8 or 10 times a year, but if I find myself in CT I'm perfectly happy to play there and risk paying a bit more in taxes and accounting fees.
I just noticed your sig about annuities. I don't really want to encourage the anuity vs lump sum debate (even though I'd probably takelump sum I would consider annuity depending on a number of factors), but annuities always have a fixed period, even if it's the unknown period of life. Lump sum, properly managed can last forever. Whetehr you take lump sum or annuity, proper management is the important point.
i'm so glad the terminals are back up and running.the wife and i take a ride into connecticut every saturday to play powerball.it feels great to get out of da bronx...
ok heres the big tax question ...if we were to hit in powerball would we have to pay ct state tax AND new yok state tax.i know the feds are going to get there money no matter what. i just wondering if i have to pay both states taxes
happy new year to todd and all my friends at lp
Since NY has a higher tax rate, you'd end up paying just NY state tax - not both.
Lottery winnings are taxable income in Connecticut, so any winnings from Connecticut will be subject to Connecticut income tax regardless of where you live. Connecticut doesn't care that you have to pay income tax to your state of residence. If the income comes from Connecticut and is taxable under Connecticut's rules then you will have a tax obligation to Connecticut that's determined by their tax rules. Period. How much you owe will depend on your total taxable income, but if you win a PB jackpot you can expect to pay Connecticut's highest rate on most of it. That's pretty much how you can expect it to work in other states, too.
The good news is that the income tax owed to your state of residence (whether it's NY or another state) will probably be reduced as a result of the taxes paid to another jurisdiction. How that reduction is calculated depends on the tax rules for your state of residence. If you get a credit for the full amount paid to another tax jurisdiction the net effect may be the same as only paying taxes to your state of residence, but you will have to file a return and pay some of the income tax to the state the income comes from. For people living in NYC and some other cities there will also be a city income tax, and they will also have their own rules for taxes paid to other jurisdictions.
Not only will the tax be reduced, but if you home state has a higher rate, your tax in that other state will be eliminated, as I mentioned above. I worked for a Big 6 accounting firm as a consultant for several years, and worked long stretches in other states, so I had to deal with this issue every year. What I am saying here is the actual way it works.
These wouldn't be states with computerized drawing would it .
To see what states have computerized drawings, click "State Lottery Report Card" in the Results menu.
You will pay taxes to Connecticut and have to file a form. Usually you will get a small refund from Ccnnecticut because they withhold at their highest tax bracket. New York will allow you a credit on the tax owed to Connecticut. You can take this credit on NY State Form IT-112-R.
ok .aint this just jimdandy.i now have three different answers..
Actually you got the same answer said different ways and in pieces. Here's my best to combine them based on what I know with CT and NY (both states I've had experience in dealing with).
New York uses the apportioning method to determine how much credit to give you on a tax paid to another state. What this means is that your credit will be based on the percentage of your income taxed by the other state. For example, if you win $100,000 in Connecticut, and you live and work in New York and your total income including that is $200,000, then you would be able to claim the lesser of 50% of your tax due or the tax paid to Connecticut.
This fact gets more complicated by the fact that Connecticut's income tax is also apportioned, so you will calculate your CT tax based on your entire income, then multiply it by the apportionment percent (in this example, 50%). So if Connecticut said you owed $46,000 if you were a resident, since 50% of your income is CT source, then you pay $23,000. New York would allow a maximum credit of that $23,000 or 50% of your NY income tax, whichever is less.
Confused? Me too.
Actually you got two different answers, one of which gets two votes. When the time comes you'll check with somebody who does this for a living, right? Only a moron would rely on free advice from the internet for anything that matters.
I happen to live very nearly the same distance from Connecticut as I do from Pennsylvania, so if I was going to drive to buy PB tickets I'd go to Pennsylvania since they don't tax PA lottery winnings. I might have to file return in PA anyway if I won, but by not paying any taxes to PA it would save me a form on my NY taxes which would probably save me $20 on the accountan's bill. If I lived 5 miles closer to CT, I wouldn't drive the extra 10 mile R/T and definitely spend $3 in wear and tear against a 1 in 50 million chance of having to pay taxes to CT. I think the reality is that people will either drive to buy tickets or they won't, and they'll just deal with the tax consequences if they are lucky enough that they have to.
"Actually you got two different answers, one of which gets two votes. When the time comes you'll check with somebody who does this for a living, right? Only a moron would rely on free advice from the internet for anything that matters." - KY Floyd
My, aren't we a little cranky...
You would not need to file a return in Pennsylvania if you won. There would be no taxes withheld on the state level. Then again, if you won Powerball in CT, and had to file a return there, I doubt you'd be worried about the extra $20 you'd have to pay an accountant.
What sounds cranky? The bit about only a moron getting their advice online? I suppose a few people might disagree, but I can't imagine relying on free advice from an online forum for anything important like tax or legal matters. Things that are a matter of opinion or subject to debate, maybe, but not anything that's a matter of fact or has real consequences.
I wouldn't expect to have to file a Pa form if winnings are exemp, but I considered that government beauracracy might As far as $20 to have my accountant fill out another form, I should be lucky enough to have that sort of problem. I'd happily do that and pay 5% to Connecticut if I won a big chunk of change playing a CT lottery. Basically, I was simply talking about the possible implications of playing in CT vs PA. Where I live it would be a wash to drive either way just to buy tickets, but the wear and tear and gas would cost me about $30, so I don't bother making a special trip. I pass through PA on the way to other places at least 8 or 10 times a year, but if I find myself in CT I'm perfectly happy to play there and risk paying a bit more in taxes and accounting fees.
I just noticed your sig about annuities. I don't really want to encourage the anuity vs lump sum debate (even though I'd probably takelump sum I would consider annuity depending on a number of factors), but annuities always have a fixed period, even if it's the unknown period of life. Lump sum, properly managed can last forever. Whetehr you take lump sum or annuity, proper management is the important point.