Lottery Winner on Food Stamps

Amanda Clayton is a 24 year old from Lincoln Park, Michigan, who won the Michigan Lottery.  She got $1 millon, but complained that it wasn’t really that much, since the government took 1/3 of it in taxes.  She got caught using $200 a month in food stamps, despite her million dollar (before taxes) windfall.

When she got caught, she said “I feel that it’s okay because I mean, I have no income and I have bills to pay…I have two houses.” (source)

6 Responses to Lottery Winner on Food Stamps

  1. blueollie says:

    Oh boy…the right wing is going to have a field day with this.

  2. blueollie says:

    But yeah, this person is an idiot.

  3. […] Yes, this is outrageous. Now if only we had the same outrage when the wealthy raid the US Treasury. (hat tip: Randazza) […]

  4. Alpha says:

    So, if she were smart, she would realize that she has about 600,000 left.

    She could divide that into $50,000 a year (just under $5k a month), have keep that income for 12 years (using a structured product, like a lump sum SPIA).

    She could then get an actual job making however much (probably $800-1200 a month), work that like she needs to, and then retire in 15 years.

    Why is it that some people seem absolutely incapable just thinking?

  5. John says:

    @Alpha: Or, she could just take the annuity option that the lottery offers. That would give her $50K, pre-tax, for the next 30 years.

    I happen to agree that a million isn’t all that much money anymore, especially after taxes. But a guaranteed $38K, after taxes, is still a pretty nice baseline. Even a McJob salary on top of that would make for a comfortable life.

    WTF’s up with ‘two houses’?

  6. Hey, her taxes went to pay for those food stamps!

%d bloggers like this: