Ravenwood - 01/20/04 04:30 PM
I think this about sums up what is wrong with government and politicians in general. Fox (search) News reports that South Euclid (Ohio) politicians are upset because Rebecca Jemison will get to keep more of her own money. Apparently her $162 Million lottery winnings are not subject to local tax under the current law.
South Euclid city officials were stunned to learn that they can't collect $1.4 million in income taxes from the winning Mega Millions ticket since the city charter wasn't updated to include lottery winnings as taxable income.Not entitled to it? So apparently they think they are entitled to what they already seize from people. How long do you think it will take them to amend their tax code to provide for lottery winnings? If it hasn't been done already, my guess is it will be by lunch time tomorrow."It's not a good day for the city," Mayor Georgine Welo said Monday. "We were all excited until we went to go for the money and learned that we are not entitled to it. We are very saddened by the news."
Category: Left-wing Conspiracy
Comments (2) top link me
The city itself could buy lottery tickets and keep all of the winnings.
Posted by: Ron Hardin at January 20, 2004 5:33 PMHow much you want to bet that they already spent part of their "entitlement" (and not rehiring laid-off workers)?
Posted by: bogie at January 21, 2004 7:07 AM(c) Ravenwood and Associates, 1990 - 2014