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Started By
Message
765 Million up for grabs this week in the State's top lotteries
Posted on 7/6/16 at 5:52 pm
Posted on 7/6/16 at 5:52 pm
How far from North Baton Rouge would you move?
2
Posted on 7/6/16 at 5:55 pm to Btrtigerfan
Gubment will take %60
Posted on 7/6/16 at 5:57 pm to TechDawg2007
quote:
Gubment will take %60
They'd have to find me first.
Posted on 7/6/16 at 5:57 pm to TechDawg2007
39.4% + state taxes.
I could live of $200,000,000.
I could live of $200,000,000.
Posted on 7/6/16 at 6:01 pm to CCTider
quote:
39.4% + state taxes.
Take the annuity with guaranteed interest, and move to a no income tax state to draw the remaining 19 annual payments.
Posted on 7/6/16 at 6:02 pm to Btrtigerfan
quote:
Take the annuity with guaranteed interest
Give me cash in hand
Posted on 7/6/16 at 6:03 pm to Btrtigerfan
quote:
Take the annuity with guaranteed interest, and move to a no income tax state to draw the remaining 19 annual payments.
You get taxed in the state the ticket was purchased.
Posted on 7/6/16 at 6:13 pm to Sisyphus
quote:
You get taxed in the state the ticket was purchased.
That sucks.
Posted on 7/6/16 at 6:19 pm to Btrtigerfan
quote:
Take the annuity with guaranteed interest, and move to a no income tax state to draw the remaining 19 annual payments.
To save 6 percent? Compound 4% investment earnings for 19 years and holla back at me
Posted on 7/6/16 at 6:23 pm to Btrtigerfan
quote:
Take the annuity with guaranteed interest, and move to a no income tax state to draw the remaining 19 annual payments.
Power Ball and Mega Millions are both 30 payments.
quote:
You get taxed in the state the ticket was purchased.
bullshite, it would be determined based upon your residence when the money was paid out.
"Of the 43 states that participate in multistate lotteries, only Arizona and Maryland tax the winnings of nonresidents."
If I bought a ticket in Louisiana I would pay no state tax what-so-ever because I live in Texas.
Don't give advice on something when you don't have a clue.
You can also leave lottery annuity payments after you pass with no tax liability to the beneficiary. They will only pay taxes for what is paid to them on a yearly basis.
Posted on 7/6/16 at 6:25 pm to Tiger Ree
quote:
Don't give advice on something when you don't have a clue.
It's the fricking lottery
Chill out
Posted on 7/6/16 at 6:30 pm to Thib-a-doe Tiger
quote:
To save 6 percent? Compound 4% investment earnings for 19 years and holla back at me
Actually, Mega you would receive 70% of the annuity value and pay 49.6% in taxes for everything over 400k something. If you take the annuity you get the full value plus the taxes paid would be less because you get to pay 10, 15, 25, 28, 33 & 35 on the payment until you go well over 400k each year.
Posted on 7/6/16 at 6:31 pm to Btrtigerfan
Oh, I thought this thread was going to be about state bids for research on traffic improvements were up for grabs
Posted on 7/6/16 at 6:38 pm to Tigers_Saints
quote:
It's the fricking lottery
Chill out
I'm chill. People shouldn't be giving bullshite information as fact when they don't know what the heck they are talking about. Lottery or no lottery. You won't see me in a thread stating facts on law precedence.
If it's bullshite I call bullshite, don't care if it's when LSU is playing a game or simple arithmetic - if you don't know, don't say. The poster spewed crap, if he can't handle being called out he shouldn't have posted BS.
Posted on 7/6/16 at 6:40 pm to Tiger Ree
Don't seem very chill.
Breath in, out, and relax.
Here's some better advice: hire someone if you win the lotto
Breath in, out, and relax.
Here's some better advice: hire someone if you win the lotto
Posted on 7/6/16 at 6:42 pm to Tiger Ree
quote:
Actually, Mega you would receive 70% of the annuity value and pay 49.6% in taxes for everything over 400k something. If you take the annuity you get the full value plus the taxes paid would be less because you get to pay 10, 15, 25, 28, 33 & 35 on the payment until you go well over 400k ea
You can guarantee taxes aren't going up for the next 30 years?
Posted on 7/6/16 at 7:40 pm to Thib-a-doe Tiger
If I win I'm going to buy up NBR and bulldoze the area. The city will erect a statue of me on the I-10 merge.
Posted on 7/6/16 at 7:45 pm to Tiger Ree
quote:
I'm chill. People shouldn't be giving bullshite information as fact when they don't know what the heck they are talking about. Lottery or no lottery. You won't see me in a thread stating facts on law precedence. If it's bullshite I call bullshite, don't care if it's when LSU is playing a game or simple arithmetic - if you don't know, don't say. The poster spewed crap, if he can't handle being called out he shouldn't have posted BS
I bet you're a lot of fun at parties
Posted on 7/6/16 at 7:51 pm to Tigers_Saints
quote:
Here's some better advice: hire someone if you win the lotto
I probably know enough about the lottery, taxes and finance that I can save the expense of hiring someone to do it for me. NOW, on the other hand you and the guy who knows that you pay taxes based on where you buy the ticket should probably hire multiple people to help with the most basic transactions.
Posted on 7/6/16 at 7:53 pm to TechDawg2007
quote:
I bet you're a lot of fun at parties
Because if someone comes in spewing shite as fact I will tell them they are full of shite? The fact that someone would spew shite as fact probably means that they wouldn't be at the party to begin with, so it wouldn't cause any problems with me.
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