At least somebody’s going to have a good tax season: Van Nuys, Calif., preparer Gene Taylor has won $1 million in his state lottery, according to published reports.
Taylor, listed in the
Taylor’s prize is subject to federal taxes calculated at a 25 percent rate, reports added, but California Lottery pays the tax bill on winnings in this special game.
Reports also added a fact unlikely to endear Taylor to long-time lottery losers: He just recently won $11,000 on two tickets. He told news outlets that he plans to replace his vehicle, buy his sister a new car possibly move to a new neighborhood -- and definitely keep playing the lottery.
