November 8, 20223 yr 44 minutes ago, Fudbelty said: I guess making me wait another day for my 400mil isint going to hurt too bad. The cash option would yield about $585,000,000 after the IRS got through with you.
November 8, 20223 yr They just put out numbers and they are total shit. I will always believe I won and they changed them.
November 8, 20223 yr 9 minutes ago, Nicole44 said: They just put out numbers and they are total shit. I will always believe I won and they changed them. Damn right. I was cheated out of my $1.9bn.
November 8, 20223 yr 5 minutes ago, tokamak said: Damn right. I was cheated out of my $1.9bn. I was going to buy a franchise…damnit. Or at least minority ownership in one. Lol
November 8, 20223 yr 43 minutes ago, Grade of D as in David said: One winner in California Not sus at all after they had to delay the drawing based on California. Hmmm..... Edited November 8, 20223 yr by hornian Autocorrect runs my coolness
November 8, 20223 yr 15 minutes ago, hornian said: Not sus at all after they had to delay the drawing based on California. Hmmm..... It’s sus! Fucking California!!! Boooooo
November 8, 20223 yr Ticket was bought in my hood, Ticket was bought about a mile from my house. But not where I bought mine.
November 8, 20223 yr 1 hour ago, Grade of D as in David said: One winner in California Im ok with hitting 5 numbers
November 8, 20223 yr 8 minutes ago, Sbbruin said: Ticket was bought in my hood, Ticket was bought about a mile from my house. But not where I bought mine. same....
November 8, 20223 yr 13 minutes ago, Hawndoh said: The press release said a different state had the problem, not California. That's what California wants you to think.
November 8, 20223 yr 11 minutes ago, Sbbruin said: Ticket was bought in my hood, Ticket was bought about a mile from my house. But not where I bought mine. 3 minutes ago, Foosters said: same.... That’s exactly what I would expect you guys to say.
November 8, 20223 yr 13 minutes ago, Sbbruin said: Ticket was bought in my hood, Ticket was bought about a mile from my house. But not where I bought mine.
November 8, 20223 yr 28 minutes ago, Sbbruin said: Ticket was bought in my hood, Ticket was bought about a mile from my house. But not where I bought mine. I really need a loan
November 9, 20223 yr State of California doing the money dance on that win. I believe with the 1% mental health tax the highest Cali personal tax rate is 13.2%..... so a smoove $130 million dollars being paid to the state of Cali on top of the Federal tax rate. I mean I would survive with only $500Mil in my pocket.... but fuck me sideways when you have to cut a 130 mil tax check just to your fucking state Edited November 9, 20223 yr by AUS-97HORN
November 9, 20223 yr 9 hours ago, AUS-97HORN said: State of California doing the money dance on that win. I believe with the 1% mental health tax the highest Cali personal tax rate is 13.2%..... so a smoove $130 million dollars being paid to the state of Cali on top of the Federal tax rate. I mean I would survive with only $500Mil in my pocket.... but fuck me sideways when you have to cut a 130 mil tax check just to your fucking state uh, no.... https://fortune.com/2022/11/07/tax-bill-if-you-win-the-billion-dollar-powerball-jackpot/ Quote The winner—or winners—will owe 24% to the IRS in federal taxes, and then additional taxes when they file (winning that much money will put you in the top federal tax bracket). Then there are the state taxes. Fourteen states don’t levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Utah, Washington, and Wyoming. Edited November 9, 20223 yr by Blotto
November 9, 20223 yr 11 hours ago, AUS-97HORN said: but fuck me sideways when you have to cut a 130 mil tax check just to your fucking state Welcome to my world.
November 9, 20223 yr 11 hours ago, AUS-97HORN said: State of California doing the money dance on that win. I believe with the 1% mental health tax the highest Cali personal tax rate is 13.2%..... so a smoove $130 million dollars being paid to the state of Cali on top of the Federal tax rate. I mean I would survive with only $500Mil in my pocket.... but fuck me sideways when you have to cut a 130 mil tax check just to your fucking state If someone is mad about turning $2 into $500m, give me a break. I seriously wouldn't care. Edited November 9, 20223 yr by Nice Guy Eddie
November 9, 20223 yr It's still pretty crazy that if you win a nearly two billion dollar jackpot and take the cash option that you will only get about a quarter of that number after you are done paying taxes and all.
November 10, 20223 yr 16 hours ago, NotActuallyALonghorn said: It's still pretty crazy that if you win a nearly two billion dollar jackpot and take the cash option that you will only get about a quarter of that number after you are done paying taxes and all. Take that shit to the cloak room.
November 10, 20223 yr 18 hours ago, NotActuallyALonghorn said: It's still pretty crazy that if you win a nearly two billion dollar jackpot and take the cash option that you will only get about a quarter of that number after you are done paying taxes and all. This. Winning it would only leave you with maybe $500 million that you didn’t have before and that you didn’t work for at all. No thank you.
November 10, 20223 yr 40 minutes ago, Helobious said: This. Winning it would only leave you with maybe $500 million that you didn’t have before and that you didn’t work for at all. No thank you. I mean, I would still take it. I'm just saying it's kinda crazy how disingenuous the number they advertise is.
November 10, 20223 yr 19 hours ago, NotActuallyALonghorn said: It's still pretty crazy that if you win a nearly two billion dollar jackpot and take the cash option that you will only get about a quarter of that number after you are done paying taxes and all. You gotta keep in mind that the headline number - $1.9bn in this case - is mostly bullshit. That pot of money doesn't exist. They didn't sell $1.9bn worth of tickets. The actual prize is the lump sum value (~$900m in this case), but they use the annuity value instead to generate marketing hype.
July 15, 20232 yr It is creeping up there again. Bought a cash option ticket. If I win, what do ya think about one of these to lease as a transport to SEC away games?
July 15, 20232 yr 12 minutes ago, Armybrat said: It is creeping up there again. Bought a cash option ticket. If I win, what do ya think about one of these to lease as a transport to SEC away games? This might be more your speed
July 15, 20232 yr You gotta keep in mind that the headline number - $1.9bn in this case - is mostly bullshit. That pot of money doesn't exist. They didn't sell $1.9bn worth of tickets. The actual prize is the lump sum value (~$900m in this case), but they use the annuity value instead to generate marketing hype.There are several websites that provide accurate jackpot analysis for the lotto, both annuity and cash option, depending on your state of residence. But for a quick & pretty damn close number just take the jackpot total and multiply by .327. You'll be within a million or two for states like Texas.
July 15, 20232 yr 11 minutes ago, GhostOfTomJoad said: There are several websites that provide accurate jackpot analysis for the lotto, both annuity and cash option, depending on your state of residence. But for a quick & pretty damn close number just take the jackpot total and multiply by .327. You'll be within a million or two for states like Texas. What discount rate does the lottery authority use to determine cash value? And does that ever change because of the markets? I know it’s locked in at the time of claim but would that rate be different now than it was 2 years ago when interest rates were much lower? Edited July 15, 20232 yr by TonyTexas
July 15, 20232 yr Quote The tax information provided here is based on 2022 federal marginal rates and state tax rates. We show both the initial mandated federal withholding of 24% as well as the remaining federal taxes that will be due. The initial state withholding taxes are based on published guidance from each state lottery and the final state tax rates are from state government publications. This is the site I look at when daydreaming. Hey, I won 4 bucks on my Megamillion ticket last night which covers both the cost of it and the one Powerball I purchased. Even Steven so far. https://www.usamega.com/ BTW, Vancouver or Vancouver Island would be our likely destination if we win one of the jackpots.
July 15, 20232 yr On 11/10/2022 at 7:33 AM, NotActuallyALonghorn said: I mean, I would still take it. I'm just saying it's kinda crazy how disingenuous the number they advertise is. I think I’ve seen math where taking the cash option was better
July 15, 20232 yr 5 minutes ago, GhostOfTomJoad said: This is the site I look at when daydreaming. Hey, I won 4 bucks on my Megamillion ticket last night which covers both the cost of it and the one Powerball I purchased. Even Steven so far. https://www.usamega.com/ BTW, Vancouver or Vancouver Island would be our likely destination if we win one of the jackpots. So if 500m landed in my lap: laguna beach nyc Aspen Costa Rica or something similar
July 15, 20232 yr 18 minutes ago, closetohumping said: So if 500m landed in my lap: laguna beach nyc Aspen Costa Rica or something similar That list is all so vastly different from each other, I think you will need more than one.
July 15, 20232 yr 45 minutes ago, Hook1997 said: That list is all so vastly different from each other, I think you will need more than one.
July 15, 20232 yr 17 hours ago, TonyTexas said: What discount rate does the lottery authority use to determine cash value? And does that ever change because of the markets? I know it’s locked in at the time of claim but would that rate be different now than it was 2 years ago when interest rates were much lower? Yes. The cash value option is now about 50% of the annuity amount. The cash value option was upwards of 57% back when interest rates were lower.
July 18, 20232 yr On 7/14/2023 at 7:45 PM, Armybrat said: It is creeping up there again. Bought a cash option ticket. If I win, what do ya think about one of these to lease as a transport to SEC away games? We all want to go, I suggest:
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.