Wednesday, July 1, 2009

Ohio Woman Wins $250K Lotto; Now Faces Obama Tax Hike

Linda Morgan of Warren, Ohio, was training a new employee on how to operate the lotto machine. Afterwards she purchased one of the tickets left over from the training. She claims that she bought the ticket because it had the number 29 on it which represents the anniversary she and her husband are celebrating this year. As the lotto numbers came up, Morgan realized she had won $250,000 with the ticket!

The real winners are the federal and state governments though. The Warren Tribune reports that Morgan will have to pay 31% of her winnings in taxes. The amount she will actually receive is $172,500, which is still a great haul. But to think that the government runs a no-risk gambling operation, then instantly claims $77,500 of the winnings is remarkable.

Depending on Morgan's salary and that of her husband of 29 years, this lottery ticket could push her household over Barack Obama's magic $250,000 mark which defines who is "rich" in America. I hope she's prepared for that 39% tax bracket in addition to the increase in her electricity bill, which Obama claimed would "necessarily skyrocket" under the cap-and-trade bill.

All of this is moot, however, because the Obama administration refuses to make good on their campaign pledge of only taxing those who make over $250,000.

Democrats are notorious for following the tax-and-spend approach to government. But Barack Obama brought change. He's not a tax-and-spend Democrat, his philosophy is tax-and-spend-and-spend-and-spend-and-spend-and-spend-and-spend.....

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