Discussion in 'The Studio Lounge' started by Jon, Mar 28, 2012.
That dude is AWESOME!
Unclaimed $1.5B jackpot mystery: Winner died? Ticket lost?
I'm glad the ticket wasn't lost.
Yes that's still a lot of money
Bought my ticket for tomorrow night's $550 Million Powerball jackpot. Only 2 sets of numbers since buying more really doesn't increase your odds of winning. Even if you hit 5, that's still $2 million dollars before taxes. After taxes that's still somewhere in the ballpark of $1.2 million which I could easily make last.
That's a lot of hookers and blow.
"Hookers & Blow" would make a good name for a British pub.
Or an Irish rock band.
Canadian lotteries are tax free as the lottery itself is a tax.
Not a good band name.
In the United States, the minimum federal tax on lottery winnings of $5,000 or higher is 25%. Winnings above certain larger amounts can be taxed at a rate as high as 45%. Non-US citizens pay a minimum 30% tax on any winnings of $600 or more. Most lottery winners also have to pay state income tax -- but Washington, Florida, Texas, Tennessee, New Hampshire and South Dakota do not tax lottery winnings. Some cities, such as New York, impose a city tax on lottery winnings. A winner of a huge jackpot might wind up with only half of it.
On the bright side, 99.99999% of us will never have to worry about those taxes.
California doesn't tax lottery winnings, either.
Winners in some other areas could walk away with a bigger share of the winnings. Ten states, along with Puerto Rico and the U.S. Virgin Islands, don’t charge any state taxes on lottery winnings: California, Delaware, Florida, New Hampshire, Pennsylvania, South Dakota, Tennessee, Texas, Washington and Wyoming. Those winners would end up with a pot of about $697.5 million.
I'm going to go buy a slice of pizza and a lottery ticket
And macaroni and cheese.....
I'll will the Powerball, instead
The absurd odds of a perfect NCAA tournament bracket put into perspective | NCAA.com
What if you pool together with 63 other people to set up the perfect bracket
Powerball jackpot grows to $625M for Saturday drawing