Three Maryland public school workers (two teachers, one administrator) won shares of the Mega Millions jackpot. The Associated Press reports they will each receive a lump sum payment of $35 million after taxes.
When I read the news my original plan was to revisit the lead story from NEA’s March 30 Federal Legislative Update. You remember it:
WHAT DO EDUCATION SUPPORT PROFESSIONALS AND WARREN BUFFET’S (sic) SECRETARY HAVE IN COMMON?
They pay more in taxes than billionaire investor Warren Buffet! Our nation’s tax laws are out of whack. It is not fair that a bus driver, a custodian, and Warren Buffet’s own secretary pay more in taxes than our nation’s richest individuals.
I was going to headline the post: “What Do Three Maryland School Employees and Warren Buffett Have in Common?”
But when I checked the link to the NEA update, I found someone had run off with Warren Buffet’s (sic) secretary. The entire item has been excised from the March 30 update. It appears nowhere else on the NEA web site. Just so you don’t think I was hallucinating when I read it, it still exists as a re-post by a couple of NEA affiliates.
I applaud NEA for removing the inaccurate item, but common Internet courtesy requires some acknowledgment that a significant change to the original post has been made.
In any event, congratulations to the three jackpot winners for joining the 1%. Invest wisely, especially since you will lose 30% of the returns to the Buffett Rule.