Mega Millions now at half a billion dollars

Discussion in 'The Studio Lounge' started by Jon, Mar 28, 2012.

  1. HecticArt

    HecticArt Administrator

    That dude is AWESOME!
     
  2. semipenguin

    semipenguin Cheeseburger Connoisseur

    scotchandcigar likes this.
  3. HecticArt

    HecticArt Administrator

    Tick tock.....
     
  4. semipenguin

    semipenguin Cheeseburger Connoisseur

  5. HecticArt

    HecticArt Administrator

    I'm glad the ticket wasn't lost.
     
    semipenguin likes this.
  6. MadisonRadio1

    MadisonRadio1 MadisonRadio

    Yes that's still a lot of money
     
  7. Jon

    Jon Well-Known Member

    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. :D
     
    Last edited: Mar 19, 2019
  8. HecticArt

    HecticArt Administrator

    That's a lot of hookers and blow.
     
    JHDK likes this.
  9. Channel98

    Channel98 Don't yell or hit.

    "Hookers & Blow" would make a good name for a British pub. :D
     
  10. Jon

    Jon Well-Known Member

    Or an Irish rock band. :D
     
  11. IdRatherBeSkiing

    IdRatherBeSkiing Sherbert is not and never will be ice cream

    Canadian lotteries are tax free as the lottery itself is a tax.
     
  12. HecticArt

    HecticArt Administrator

    Not a good band name.
     
  13. Channel98

    Channel98 Don't yell or hit.

    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.
     
  14. semipenguin

    semipenguin Cheeseburger Connoisseur

    California doesn't tax lottery winnings, either.

    https://www.washingtonpost.com/news...jackpot/?noredirect=on&utm_term=.75421396a295

    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.
     
  15. JHDK

    JHDK Release Robin's Bra

  16. MadisonRadio1

    MadisonRadio1 MadisonRadio

    I'm going to go buy a slice of pizza and a lottery ticket
     
    semipenguin likes this.
  17. HecticArt

    HecticArt Administrator

    And macaroni and cheese.....
     
  18. semipenguin

    semipenguin Cheeseburger Connoisseur

  19. MadisonRadio1

    MadisonRadio1 MadisonRadio

    semipenguin likes this.
  20. semipenguin

    semipenguin Cheeseburger Connoisseur

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