http://www.statisticbrain.com/lottery-winner-statistics/ some interesting stuff in there.
if you win the powerball
http://www.statisticbrain.com/lottery-winner-statistics/ some interesting stuff in there. always look out for number one and don't step in number two |
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You can't win if you don't bet.
That's me. But, for those that do, this Powerball is a horse of another color. Even after taxes, it's hundreds of millions of dollars. Alex "There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." -- Isaac Asimov |
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600 mill before taxes 450 mill after taxes, lotta hookers and blow in there
always look out for number one and don't step in number two |
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Pre-tax $1,500,000,000 now. Thats paid out over many years.
$930 Million Cash Value. I'm sure it will be higher by tonight when the numbers get picked. Alex "There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." -- Isaac Asimov |
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need to cash it out and pay taxes
Otherwise if you croak your dependants have to pay tax on the 1.5 billion before getting a dime. Good luck with that loan. always look out for number one and don't step in number two |
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The taxes get removed before you get the money, IIRC
So with the immediate payout 1.5B ends up being about 500M before you get anything. Regards, -scott Welcome to Rivendell, Mr. Anderson. |
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but not if you take payments
the taxes are removed during each annual payment. However of you pass all taxes on the balance needs to be paid before heirs get a dime always look out for number one and don't step in number two |
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Some state-by-state calculations.
https://www.usamega.com/powerball-jackpot.asp It doesn't seem to say anything about dying early, though. Assuming a $1.5B jackpot: Louisiana: 5% State Tax - $2,644,000 for annuity - $49,175,000 for lump sum Cheers, Scott. (Presumably the first thing the winner will do is talk to a tax advisor and learn the skinny for their particular circumstances.) |
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Three winners so far.
So no billionaires being made today. Someone do the math (as you filthy colonials are wont to call it) for me, I can't be bothered. |
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"You can't win if you don't play!"
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You can't win if you DO pay
For all statistically-significant definitions of "can't". -- Drew |
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1/35 for $4 or more isn't that horrible.
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LRPD reminds, All gravitas is local.
May the GRR inscribe-in-stone the 100 Pithiest and fling these tablets all over the place. In-Stone seems about the only thing sorta-read ... by some millions. Billions? |