A 19-year-old Michigan teenager won $500,000 in the state lottery and immediately pledged to give the money to his parents out of appreciation for all they had done for him and his sister. The teen will apparently keep $5,000 of the winnings from the $10 ticket he purchased at a Sunoco gas station outside Lansing, and hand whatever remains, after taxes, over to his parents.
In a lottery bureau news release, the teen, who asked to remain anonymous, said, "My parents have done so much for my sister and me. Helping them takes a big weight off of their shoulders and mine."
Tuesday on "Pat & Stu," the guys expressed their longing to have kids that are this fortunate and generous, and lamented the high tax rate lottery winners must pay. They also bristled at the idea that lottery winners can't give their winning to friends or family members without paying an additional tax on it.
"When you've already paid the taxes on that lottery money, the taxes are paid, right?" Pat Gray asked. "They got theirs. They shouldn't have to get it from you and from [the recipient]. That's madness."