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Posted on 10/17/18 at 6:54 am to Tempratt
quote:
At around $286m that’s no private jet
What jets are you looking at? Air Force One?
Posted on 10/17/18 at 7:00 am to eScott
quote:
quote:
869,000,000 Jackpot
$29,965,000. For 29 Years
$2,496,00 a month
$576,259 a week
$82,097 a day
$3,420 an hour
Cut that in half, I'm not counting on the lottery for 29 years.
I do t think he mentioned, it's 3420 an hour at 24 hours a day....
Also, it's not quite like that. It's one initial sum and then 29 more payments increasing by 5% each year. And you can pass it to a beneficiary if you die. I'd take that deal.
Posted on 10/17/18 at 7:05 am to Ben Hur
(no message)
This post was edited on 10/17/18 at 7:12 am
Posted on 10/17/18 at 7:08 am to mailman
Even after all the taxes and fees, i would be perfectly fine with the lump sum
Posted on 10/17/18 at 7:36 am to Steadyhands
quote:
I do t think he mentioned, it's 3420 an hour at 24 hours a day....
Also, it's not quite like that. It's one initial sum and then 29 more payments increasing by 5% each year. And you can pass it to a beneficiary if you die. I'd take that deal.
You should read about a couple of states that aren't paying lottery winners because they don't have the money.
ETA Illinois
This post was edited on 10/17/18 at 7:39 am
Posted on 10/17/18 at 7:39 am to eScott
quote:
ou should read about a couple of states that aren't paying lottery winners because they don't have the money.
say what
Posted on 10/17/18 at 7:44 am to LSUvegasbombed
For those interested in the real breakdown, here is the analysis state by state
Jackpot Analysis
And here is the annuity for Louisiana
LA Annuity
Jackpot Analysis
And here is the annuity for Louisiana
LA Annuity
Posted on 10/17/18 at 7:54 am to biglosdaddy
quote:
Texas: No State Tax on Lottery Prizes!
Your average net per year: $21,989,333 Your net payout: $375,820,000
After 30 payments: $659,679,990
Lawd have mercy!!!
1/3 the way to buying the Saints
Posted on 10/17/18 at 7:58 am to mailman
Got in with a group for the last drawing, we turned 470 tickets into $42 
Will be back at it on Friday!
Will be back at it on Friday!
Posted on 10/17/18 at 8:00 am to mailman
Remember that buying a ticket "statistically" does, but doesn't really increase your chances of winning.
That being said, if I buy a ticket, I'd have to take the lump sum. There is a higher than I'm comfortable with chance that the USA could shift towards socialism in my lifetime, meaning that annual payment would be taken.
That being said, if I buy a ticket, I'd have to take the lump sum. There is a higher than I'm comfortable with chance that the USA could shift towards socialism in my lifetime, meaning that annual payment would be taken.
Posted on 10/17/18 at 8:01 am to biglosdaddy
It's interesting to see LA charges 5? tax on lottery prizes, yet the home of left-wing LGBTQXYZs and onerous taxation, the communist state of California, doesn't tax lottery prizes.
Posted on 10/17/18 at 8:01 am to CHEDBALLZ
quote:
$869,000,000 Jackpot
$29,965,000. For 29 Years
$2,496,00 a month
$576,259 a week
$82,097 a day
$3,420 an hour
That is enough money to buy a permanent spot on that cocaine/hooker cruise.
Posted on 10/17/18 at 8:02 am to White Roach
Win that and I can pay off the remaining 9 year note I have on my Denali
Posted on 10/17/18 at 8:03 am to tiggerthetooth
quote:
We all know its going to be some meth head in Florida that wins it.
I do live in Florida and if i win i will use only the finest meth available
This post was edited on 10/17/18 at 8:05 am
Posted on 10/17/18 at 8:12 am to OysterPoBoy
quote:I love it when the news channels make the comment about having to pay taxes on it. I will gladly pay my 35% on anything i win
After taxes it’s almost not with the hassle to buy a ticket.
Posted on 10/17/18 at 8:14 am to eatpie
quote:
Remember that buying a ticket "statistically" does, but doesn't really increase your chances of winning.
Increases your chances, not your odds.
Posted on 10/17/18 at 8:16 am to Higgysmalls
y'all are looking at state taxes. federal taxes is where they get you.
it is my understanding is that it's 35% on lottery winngs
it is my understanding is that it's 35% on lottery winngs
Posted on 10/17/18 at 8:27 am to eatpie
quote:
That being said, if I buy a ticket, I'd have to take the lump sum. There is a higher than I'm comfortable with chance that the USA could shift towards socialism in my lifetime, meaning that annual payment would be taken.
Ding fricking ding. Get the cash. Set it up in multiple offshore safe havens around the globe to limit the impact of any one government deciding they're going to frick people over. Move only a million or so into U.S. accounts for walkin' around money.
"frick all y'all" would be my new motto.
ETA: It's my motto now, but it would be my new one, too.
ETATA: RIP, Mitch.
This post was edited on 10/17/18 at 8:30 am
Posted on 10/17/18 at 8:32 am to Higgysmalls
It's showing 24% Federal on the link provided. I figured it would be 35 or 40%. I guess I'll cross that bridge when I come to it.
Moving from LA to TX or FL would save you 5%. That's almost $25 million on this lump sum jackpot.
Moving from LA to TX or FL would save you 5%. That's almost $25 million on this lump sum jackpot.
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