PowerBall at $800MILLION

[jefehbk]

I haven't seen anything official yet, but twitter is buzzing that no one won and next weeks jackpot will be $1.3BILLION!!!

Bullshit I just won .... $4 dollars

[jewozzy]

I saw some dude changed his picture on twitter to make it look like the official powerball and said there was no winner and the next one would be 1.3billion.

[03mustangdude]

Business insider says 3 winners 1 of which is in Texas any of you won?

[Sgt Beavis]

I haven't seen anything official yet, but twitter is buzzing that no one won and next weeks jackpot will be $1.3BILLION!!!

[Broncojohnny]

That's a flat 25% rate. The amount you actually owe is different. The lotteries aren't everyone's personal cpa so they just take 25% as a rule.

I'd be on the phone immediately trying to figure out a way to weasel out of the taxes. Form a trust or an LLC or send it to Rufus Paul Harris or Dan Bishop. Whatever it takes....

[slow99]

the tax thing is actually incorrect because you make more even after taxes.

https://www.usamega.com/powerball-jackpot-annuity.asp?state=TX&d=

i get that you can make more on your own investments just saying from a pure collection standpoint.

That's a flat 25% rate. The amount you actually owe is different. The lotteries aren't everyone's personal cpa so they just take 25% as a rule.

[jewozzy]

Nice. It's like you win every year... just like with tax returns!

the tax thing is actually incorrect because you make more even after taxes.

https://www.usamega.com/powerball-jackpot-annuity.asp?state=TX&d=

i get that you can make more on your own investments just saying from a pure collection standpoint.

[slow99]

Take the lump sum.

[chronical]

#3 is why I never would. That's a suckers bet

[jewozzy]

I wouldn't take payments for several reasons.

1. You'll only pay the taxes on the winnings once. Taxes only go up. If you are paying taxes each year on those payments, you'll eventually end up with Bernie Sanders rates.

2. I can make more in investing it over the 20 years, taking profits out whenever needed... more than making up the chunk they deduct instantly.

3. Who is to say that the lottery won't go belly-up within the next 20 years?

I thought about that but also thought about how much i like vegas. At least if I take the payments I can enjoy vegas 30 times instead of just once.

[GeorgeG.]

I've thought about it and decided I'm going to take the yearly payout instead.

I almost did, but with my luck I'll kick over after a few years and I wasn't sure what would happen to the rest of the installments.

[Nash B.]

https://www.jgwentworth.com/

[jewozzy]

I've thought about it and decided I'm going to take the yearly payout instead.

[GeorgeG.]

Good luck fellas. I'll buy you all a cow skin rug if I win.

[slow99]

900 now. I made the mistake of trying to run quickly into a 711 - what a shit show.