New Jersey man who won $338 million Powerball jackpot owes $29K in child support

[Teh One Who Knocks]

The Associated Press




PATERSON, N.J. — The New Jersey man who won the $338 million Powerball jackpot owes about $29,000 in child support.

Forty-four-year-old Pedro Quezada on Tuesday claimed a lump-sum payment worth $221 million, or about $152 million after taxes.

A spokesman for Passaic County Sheriff Richard Berdnik says the sheriff’s office’s warrant squad is attempting to find Quezada to resolve the matter.

Spokesman Bill Maer (mayr) also says the state Lottery Division generally satisfies such judgments before winnings are released. He says Quezada is subject to potential arrest like everyone else until the warrant is satisfied.

The unpaid child support payments go back to 2009. It’s not known which of Quezada’s five children are covered under the payments.

[Lambchop]

It sucks that lottery wins are taxed over there.

[Griffin]

I get by ok on a bit less than $152,000,000.00 after taxes.
I don't think the taxes are going to hurt him much

[Lambchop]

What I mean is, they advertise a prize of $338m but you can't actually win the full $338m because of the taxes. They should just advertise the post-tax total.

[Teh One Who Knocks]

What I mean is, they advertise a prize of $338m but you can't actually win the full $338m because of the taxes. They should just advertise the post-tax total.

They can't because the tax rate varies from state to state. The only constant tax rate is the Federal tax that will be owed.

[Muddy]

The government always gets their cut.. Like the mafia.

[RBP]

Isn't the point here a rich dead beat dad?

[Muddy]

Couldn't pay child support but could afford lottery tickets all day long..

[Acid Trip]

They can't because the tax rate varies from state to state. The only constant tax rate is the Federal tax that will be owed.

It also depends on whether you take the cash option or annual payments.