Michigan’s Billion-Dollar Lottery Winner has two Silent Partners

State Reps. Mark Tisdel and Diana Farrington, both members of the House Tax Policy Committee, today detailed the taxes Metro Detroit’s recent big Mega Millions winner will be shelling over after collecting the jackpot. The two members of the House Tax Policy Committee released a tongue-and-cheek video highlighting the amount the winner will pay in taxes if he or she selects the one-time cash payment of about $739 million. “My wife and I bought a Mega Millions ticket and enjoyed … [Read more...]

Dear Crabby, What is The Federal Reserve?

Dear Crabby, I see the words “Federal Reserve Note” written on the top of all of our bills in the United States. There are other words too, like “legal tender” and “United States Treasurer” as well as pictures of former presidents and a strange pyramid with an eye looking at me. Is this all from our government, or some independent organization? Sincerely, Shomee DaMoney Dear Shomee DaMoney, I have never claimed to be a smart man. I pay attention, I do my job, and occasionally I whine about … [Read more...]