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Started By
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2
Posted on 5/7/19 at 2:53 pm to Earthmover
That sounds beautiful and perfect.
Posted on 5/7/19 at 2:55 pm to Earthmover
Of all of the places you can buy some amazing homes in for 7.5 million, you're going to choose St Francisville?
Posted on 5/7/19 at 2:58 pm to Fun Bunch
there's no house on it lol just a couple small camp houses. I bid some work there once it is an unbelievable property.
Posted on 5/7/19 at 3:33 pm to TDsngumbo
quote:
there's simply too much money for the mind to comprehend.
And yet most people that win the lottery are broke in 10 years.
Posted on 5/7/19 at 3:38 pm to lsuhunt555
quote:
And yet most people that win the lottery are broke in 10 years.
I know they all say this, but I just don't see me ending up being part of that statistic. 300k-500k a month... WTF does one need more than that for?
Posted on 5/7/19 at 3:39 pm to TDsngumbo
quote:that dan blizeran (sp) life doesnt come cheap
300k-500k a month... WTF does one need more than that for?
Posted on 5/7/19 at 3:39 pm to lsuhunt555
This is true when accounting for all lottery winners including the ones that take home the 1,000,000 state lotto. It is not true when talking about 100's of millions lotto winners
Posted on 5/7/19 at 3:45 pm to Olric
In reality I don't need the jackpot - I just want a few hundred thousand dollars.
Posted on 5/7/19 at 3:46 pm to lsuhunt555
Not the ones who win $100 million
Posted on 5/7/19 at 3:47 pm to TDsngumbo
If you win the $1 million prize, do you actually get the entire amount (before taxes of course) or is it the same amortized bullchit?
Posted on 5/7/19 at 3:48 pm to cable
I believe you get the 1,000,000 minus taxes.
Posted on 5/7/19 at 3:49 pm to TDsngumbo
First, how did you get 118 million after taxes?
You should basically assume that you get you pay the maximum 37.5% federal and 6% state in income tax. That leaves about $95 million.
Second, if you ever win a lottery your first call should be to a tax lawyer.
You should basically assume that you get you pay the maximum 37.5% federal and 6% state in income tax. That leaves about $95 million.
Second, if you ever win a lottery your first call should be to a tax lawyer.
This post was edited on 5/7/19 at 4:00 pm
Posted on 5/7/19 at 3:49 pm to MMauler
Mega Millions Jackpot Analysis
I realize there are other taxes and I'd be glad to pay them and end up with "only" 80 million if I need to.
I realize there are other taxes and I'd be glad to pay them and end up with "only" 80 million if I need to.
This post was edited on 5/7/19 at 3:51 pm
Posted on 5/7/19 at 3:52 pm to MMauler
With your 350k/month, I would start to acquire a lot of land. It is a beautiful resource that appreciates and you can collect royalties off of timber and minerals over lifetimes.
Posted on 5/7/19 at 3:55 pm to TDsngumbo
The 24% is what they have to withhold. You're still going to owe the additional 13.5%. You'll then have to pay us pretty much a straight 6% state tax. You'd probably clear about $95 million.
If you win the lottery, the first thing you should do is contact the tax lawyer, in particular, one who specializes in estate and gift tax.
If you win the lottery, the first thing you should do is contact the tax lawyer, in particular, one who specializes in estate and gift tax.
Posted on 5/7/19 at 4:22 pm to MMauler
The 30% federal and state taxes are accurate for smaller jackpots usually under 5 million. However when it comes to the massive national jackpot amounts they’re gonna steal closer to 50%.
So if you choose that 167 million cash payout, you’ll see somewhere around 80-90 million.
So if you choose that 167 million cash payout, you’ll see somewhere around 80-90 million.
This post was edited on 5/7/19 at 4:24 pm
Posted on 5/7/19 at 4:51 pm to ZIGG
quote:
The 30% federal and state taxes are accurate for smaller jackpots usually under 5 million. However when it comes to the massive national jackpot amounts they’re gonna steal closer to 50%.
So if you choose that 167 million cash payout, you’ll see somewhere around 80-90 million.
You get to keep 57% of the lump sum. Do the math
Posted on 5/7/19 at 4:56 pm to ZIGG
Y’all ouchea arguing about taxes smh. I’m tryin to decide on the 40 or 50 foot trawler
Posted on 5/7/19 at 4:58 pm to TDsngumbo
Just so everyone knows, I plan on winning.
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