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What would the $1.73 billion Powerball jackpot's tax bill be in Colorado?

Published Mon, 23 Dec 2024 23:15:25 GMT

TAMPA, Fla. (WFLA/NEXSTAR) — It's obvious that $1.73 billion is so much money that most of us wouldn't know what to do with it.However, just because someone wins the estimated $1.73 billion Powerball jackpot, that doesn't mean they get to keep all that cash.According to Powerball, whoever wins the jackpot during the next drawing, which is Wednesday, will have the option to claim a lump sum payment of $756.6 million or 30 annual payments that increase by 5% each year over a 29-year-old period. Colorado adults: Can you answer these 5th-grade state math test questions? Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains. Out of the $756.6 million cash value, that would be about $181.58 million you'll lose up front.However, because you'd be bumped into the top tax bracket (for those with incomes over $578,125 for single filers), the IRS says your tax burden would be 37%. That's another $98.32 million out...

Denver weather: Accumulating mountain snow, rain on the plains

Published Mon, 23 Dec 2024 23:15:25 GMT

DENVER (KDVR) — Temperatures reached the upper 70s again in Denver weather making for another warm and pleasant fall day in the city. We are tracking a cold front expected to arrive on Wednesday with cooler temperatures and passing rain showers. According to Pinpoint Weather, Colorado’s Most Accurate Forecast, that cold front will produce accumulating snow in the northern mountains with totals that could cause slick travel over mountain passes.Snow totals from late Wednesday through Thursday for the Colorado mountainsWeather tonight: Mostly cloudy and coolIt will stay mostly cloudy in metro Denver through the evening before slowly clearing overnight. There will be some spotty rain and snow showers in the Colorado mountains. It will be breezy with overnight lows in the mild upper 40s in the city. There will be chilly 30s in the Colorado mountains with only a few spots dipping below freezing.Overnight lows by Wednesday morning across ColoradoWeather tomorrow: Rain showers an...

North Carolina man charged with kidnapping, sexually assaulting teenage girl in Hollywood

Published Mon, 23 Dec 2024 23:15:25 GMT

Police arrested a North Carolina man accused of kidnapping and molesting a teenage girl in Hollywood.Shane Taylor, 44, appeared in court Saturday and is facing six charges related to the alleged kidnapping and sexual assault of the victim who, police said, is between 12-15 years old. According to Hollywood Police, the victim told officers that she was walking down the street after school when she was taken by the suspect near a CVS close to the Hard Rock Hotel. The victim said that she was then driven around Broward County for an unspecified amount of time. During the drive, the victim said she was molested multiple times by Taylor after she told him she didn’t consent. As Taylor was driving with the the victim, he crashed his vehicle, which allowed the victim to run away into a Shell gas station, located at 2800 Hollywood Blvd.The victim then called 911 at the gas station. After hearing statements Taylor made while in custody, officers were able to corroborate the victim...

Harvard University faces backlash after letter from student groups blames Israel for violence in region

Published Mon, 23 Dec 2024 23:15:25 GMT

Harvard University has recently faced backlash after a letter from several student groups blamed Israel for violence in the region. The letter was shared on Sunday. Harvard’s president has since responded, saying in part “Let there be no doubt that I condemn the terrorist atrocities perpetrated by Hamas.” “Such inhumanity is abhorrent whatever one’s individual views of the longstanding conflicts in the region,” president Claudine Gay continued. The letter was penned by Harvard University Palestine Solidarity Groups. It blamed Israel for recent violence and said the “events did not occur in a vacuum.”“The letter from Harvard student groups is depraved,” Rep. Jake Auchincloss told 7NEWS this week. “It represents a complete lack of not just understanding, but of empathy.” Harvard Hillel also countered the position in the letter, urging the Harvard community to do better. Gay responded on Tuesday after Harvard was criticized for not addressing the letter in a stateme...

Boston police seek public’s help ID’ing person in connection with stolen dog

Published Mon, 23 Dec 2024 23:15:25 GMT

Boston police asked for the public’s help Tuesday in efforts to identify a person in connection with a stolen dog. Police said the dog was stolen at the Washington Park Mall on Friday of last week. In their statement this week, police shared a photos of a person who they said stole a dog.Boston police said their investigation into this incident is ongoing and asked anyone with information to contact detectives at (617) 343-4275.Those wishing to reach out anonymously can do so by calling the CrimeStoppers Tip Line at 1 (800) 494-TIPS or by texting the word ‘TIP’ to CRIME (27463). 

US Coast Guard recovers remaining debris and evidence from Titan submersible

Published Mon, 23 Dec 2024 23:15:25 GMT

(CNN) — The remaining debris from the Titan submersible that suffered a catastrophic implosion en route to the wreckage of the Titanic in June has been recovered – including presumed human remains, the US Coast Guard said Tuesday.All five passengers on board the Titan, a 23,000-pound vessel roughly the size of a minivan, were killed shortly after the vessel lost contact with its mother ship about 1 hour and 45 minutes into its dive toward the Titanic.The evidence recovered from the North Atlantic Ocean seafloor last week by marine safety engineers from the Coast Guard’s Marine Board of Investigation was “successfully transferred to a US port for cataloging and analysis,” a release from the Coast Guard says.“Additional presumed human remains were carefully recovered from within Titan’s debris and transported for analysis by US medical professionals,” the release says.The salvage mission was a follow-up to initial recovery operations after the submersible impl...

Rep. George Santos faces 10 new federal charges, including allegations of stealing donors’ identities, running up fraudulent credit card charges

Published Mon, 23 Dec 2024 23:15:25 GMT

(CNN) — Federal prosecutors on Tuesday accused Rep. George Santos of stealing donors’ identities and running up thousands of dollars in fraudulent charges on their credit cards.The 10 new charges against Santos also include allegations that the New York Republican embezzled cash from his company and conspired with his former campaign treasurer to falsify donation totals in order to hit fundraising targets set by national Republicans, among other offenses.This fresh round of charges, called a superseding indictment, effectively replaces the earlier case against Santos. It brings the total number of counts against him to 23, is wider in scope and provides new and damaging details about Santos’ alleged efforts to personally profit through his campaign.It comes comes days after Nancy Marks, who worked as his treasurer during the 2022 campaign, pleaded guilty to one count of conspiracy to defraud the United States by committing one or more federal offenses.“I filed a first quarter 2...

1967 Red Sox players fondly recall the Impossible Dream season

Published Mon, 23 Dec 2024 23:15:25 GMT

Times change, people change, even the rules of the game change.Boston baseball remains the same.It was evident at The Sports Museum on Tuesday, when members of the 1967 Red Sox reunited at the non-profit inside TD Garden to celebrate and reminisce about “The Summer of Love.”There are some differences. Baseball has more stats, more technology, and more money than it did during the Impossible Dream season.“I don’t even know what WAR is!” Jim Lonborg said.“I go crazy when the players come back off (the field) after having an at-bat or something and they’ve got a tablet out there,” said Lonborg, the 1967 American League Cy Young winner. “Their heads are so filled with numbers.”He, Rico Petrocelli, and Gary Bell made up the event’s memorable panel. Teammates Darrell “Bucky” Brandon, Dave Morehead, Billy Rohr, José Santiago and George Thomas were seated throughout the room. Carl Yastrzemski even made a brief surprise appearance to reconnect with his teammates before the panel, clad in a R...

14 Americans killed in Israel, Americans held hostage by Hamas terrorists: ‘We stand with Israel,’ Biden says

Published Mon, 23 Dec 2024 23:15:25 GMT

At least 14 American citizens have been killed in Israel from Hamas’ “abhorrent” and “stomach-turning” terrorist attacks, while other Americans are still being held hostage by the terrorist group, President Biden has confirmed.The Israeli military on Tuesday continued to retaliate for the Hamas terrorist attacks from over the weekend, as Israel airstrikes destroyed buildings across Gaza. Also, Israel Defense Forces reported that the military was fighting off rocket attacks from militants in Lebanon and Syria.More than 1,900 people — at least 1,000 people in Israel and 900 people in Gaza — have died since Saturday when Hamas terrorists attacked Israel.“This was an act of sheer evil,” Biden said from the White House on Tuesday. “More than 1,000 civilians slaughtered — not just killed, slaughtered — in Israel.  Among them, at least 14 American citizens killed.“Parents butchered using their bodies to try to protect their ...

Olympic gold medalist Mary Lou Retton ‘fighting for her life’ with rare form of pneumonia

Published Mon, 23 Dec 2024 23:15:25 GMT

Brian Niemietz | New York Daily NewsGold medal-winning gymnast Mary Lou Retton is in the ICU, where she’s fighting for her life, her daughter McKenna Kelley said on Tuesday.On a fundraising page asking for prayers and donations, Kelley revealed that the 55-year-old tumbler has been in the hospital for over a week with a “very rare form of pneumonia.”“She is not able to breathe on her own,” Kelley shared on Spotfund. “Out of respect for her and her privacy, I will not disclose all details. However, I will disclose that she not insured. … ANYTHING, absolutely anything, would be so helpful for my family and my mom. Thank y’all so very much!”Retton earned five medals and superstar status in 1984 with an unforgettable performance at the Olympic Summer Games in Los Angeles. Her fame resulted in multiple endorsement deals including one from Wheaties, which made her the first female athlete to appear on the cover of the cereal’s famous orange box. She can currently be seen in commercials fo...