Congratulations, you have won a $672,000 tax bill!!
This is pretty funny (in a sad way). Don and Shelly Cruz won “$250,000, a GMC Denali SUV, and a gigantic, fully furnished, barn-inspired mansion on an acre of lakefront property in the East Texas town of Tyler.” And this is what happened:
Don, a stay-at-home dad, and Shelly, an administrative assistant who’s gone back to school to become an accountant, are quickly running through their winnings as they struggle to pay thousands a month for electricity, household help and other outsize bills for their outsize home.
On top of that, they had to take out a loan to pay off a $672,000 tax bill on their winnings.
And then of course:
That night he huddled in the great room with his wife and son, knees touching, and told them they’d have to sell. Donald asked why. But when he saw his father crying, he stopped asking. The next day, they put the Dream Home up for sale.
They will probably get a million from the sale of the home which they can use to pay back their loan. There - it all works out perfectly.
