Multi-million-dollar lottery winner Barry Funk is a man of his word. Twenty years ago, buddies Funk and Michael Hawryshko promised each other that if one of them ever won the lottery, he'd give the other a million bucks.
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Lotto winner gives $1M to friend
Feb 11, 2004, 6:29 am (11 comments)
Heh.. kinda shows that there are a few honorable people left in this world these days. Even such a promise made 20 years ago. o.o
I wonder how that works. Guy wins $10.8 million and pays all the taxes on it, then gives $1 million to his friend, who pays taxes on it again? I hope they found a better way to transfer the funds.
Super 7 is a Canadian lottery. No taxes on lottery winnings. No taxes on gifts.
Thats the way it should be in the U.S.A. Taxes has been paid on the money that you buy lotto tickets with .I dont see the Gov. giving you money to buy the tickets with.
A friend of his word is a friend indeed.Be careful with the friends you choose in life,they either make you or break you.As Oprah Winfery stated,"Sorround yourself with people of positive thinking,and they will help to lift you up".That is the meaning of true frienship,Sharing when its time to share,weeping when its time to weep.Always remember to look down when you climb the ladder of life.
Thanks. I agree, lottery winnings are doubly taxed, first when they take 40 cents or more each dollar when you buy a ticket, then when you win you must pay 33% or so of your jackpot back to the government. They shouldn't be allowed to have it both ways. Once again, Canada is more enlighted than the primitive, greedy USA.
there should be no taxes on lotto prizes
Heh, at least if you are going to tax it. Tax it only once. I reckoned long ago if I actually won 10 Mil I;d come away with about 2 of it after Child support, my fianceee (been with her 10 years and we play equally so we split down the middle), my Mom, my family and my two children and of course taxes and the penalty for taking it all at once. I would sit those two in the bank after hacking off 100k to pay bills and get a Brand spanking new 2004 vette. Oh yeah we have to go back to school to learn to manage large sums of money. (I have no idea hwen this turned into a rave but...forgive me *smiles dreamily at his big game ticket*)
regardless of the taxes, its still a great story!!
Good thought! (The vette part.)
I didn't wait for a lottery win to get mine!
as my friend would say it ...
VROOM!