...the Feds, state, and smaller municipalities who charge windfall and income taxes.
The winner(s) holding the big checks gets to change his opinion of the Capital Gains tax -
ga_kosh
Gotta love this guy's candid response..
put $10 million in savings at 1% and budget myself at $100k/yr, never touching the principal.
Not sure how I'd fund the cocaine, though!!!
Well since the jackpot is going to be over $700 million, If I were to win...I'd stash $293 million aside for the next time the jackpot got over say $600 million, then I'd buy 1 ticket with every single possible number combination, effectively assuring that I was going to double my investment...odds of winning do not change as the jackpot increases
Airmantroy 2 problems with your idea to 2x your money. What happens when 7 tickets win. And I was told by a powerball retailer that you have to have a printed ticket. Figure out how many tickets you would need and how long it would take to get them. But it is always nice to dream. LOL.
The chance of multiple winners is the highest risk, Having a printed ticket is no problem, as long as the retailer has plenty of ticket paper for the printer..LOL
Since I'm dreaming....That little island known as Bali, yeah I'd own that.....
YOLO 😜😜😜
Lawrence from Office Space.
Less than half if you take lump sum and pay taxes.
Might still be able to afford some fun, but leave any non - alcoholic drugs out of it for me.
Wine. Women. Song.
The website is actually wrong. The 25% Federal Tax is the required withholding when the prize is paid out. You are still liable for Federal Income Tax on the amount received from the prize and that rate is 39.6%. So if any of you win it, please don't spend the 14.6% still owed, or will have the IRS up your rectum for a long time.
...the Feds, state, and smaller municipalities who charge windfall and income taxes.
The winner(s) holding the big checks gets to change his opinion of the Capital Gains tax -
ga_kosh
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