LAFAYETTE, Ind. (AP) — Tippecanoe County may not see its share of a $435.3 million Powerball jackpot because the anonymous winner claimed his winnings under a limited liability company.
The winner is from the county, but county Treasurer Jennifer Weston tells the Lafayette Journal & Courier that it’s unlikely the county will see its 1.1 percent income tax because the winner formed an LLC.
Purdue University economist Larry DeBoer says forming an LLC is a way to protect the winner and avoid income tax.
Indiana secretary of state office records show the money is being paid to Bohemian Financial LLC, which was established March 1 and lists a Lafayette attorney as its registered agent.
The winner walked away with $189.1 million, which Weston says would’ve earned the county more than $2 million.
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What a crock! The advertised $435.3 million Powerball jackpot amounted to $189.1 million. That leaves $246.2 million dollars that vanished in the wind. If any group or organization did this to people they would find themselves in prison but somehow when our illustrious government does it all is fine. Then of coarse, the County is in line to collect (steal) money that in no way belongs to them. Where does all this extorted money go? I have a feeling that it would be impossible to actually trace it.