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Topic: Won the lottery?
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9cobra7
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Member # 2812
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posted
 
 
problem with this lottery thing is even if you somehow won, you'll lose about 1 billion of the 1.5.
The lump sum plus the taxes equate to about 1 billion. Sure 500 million is nice but the news keeps saying you'll win 1.5 billion and what are you going to do with it when you win....lol
Some of these dip shits were waiting in line for a long time, then the reality hits when you're lucky to get one number of 6.
There is your one in 292 million odds for ya ![[Eek!]](eek.gif)
Posts: 2633 | From: usa | Registered: May 2003
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hurting your feelings
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Member # 13641
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posted
quote:
Originally posted by 9cobra7:
problem with this lottery thing is even if you somehow won, you'll lose about 1 billion of the 1.5.
The lump sum plus the taxes equate to about 1 billion. Sure 500 million is nice but the news keeps saying you'll win 1.5 billion and what are you going to do with it when you win....lol
Some of these dip shits were waiting in line for a long time, then the reality hits when you're lucky to get one number of 6.
There is your one in 292 million odds for ya
A smart person wouldn't take a lump sum.
Posts: 1830 | From: In front of the bank with a 45 an a ski mask | Registered: Jun 2014
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Fostang
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Member # 3752
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posted
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by 9cobra7:
problem with this lottery thing is even if you somehow won, you'll lose about 1 billion of the 1.5.
The lump sum plus the taxes equate to about 1 billion. Sure 500 million is nice but the news keeps saying you'll win 1.5 billion and what are you going to do with it when you win....lol
Some of these dip shits were waiting in line for a long time, then the reality hits when you're lucky to get one number of 6.
There is your one in 292 million odds for ya
A smart person wouldn't take a lump sum.
Why wouldn't you take the lump sum? You mean to tell me that investing in 30 years with a finance team you wouldn't make more than the chump change interest that the lottery department would give over that same time period.
There are many reasons for taking the lump sum. Sure 50 million sounds attractive per year for the next 30. However we have no idea what taxes will do but based on past history they will only increase. So pay now or pay later the tax man will get his. Then there comes the issue of inflation. A million isn't the same as it was 30 years ago. Nor will it be in another 30 especially with these fuck stickers who feel increasing the minimum wage will be benifecial.
[ 2016-01-13, 11:59 PM: Message edited by: Fostang ]
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Posts: 3011 | From: Stockton/Danville | Registered: Nov 2003
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SLOWBACK 67
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Member # 6348
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posted
^ I'm with you. I punched in some numbers into mutual fund calculators and figured if I could invest 300 million, I could turn that into a billion in a conservative 30 years time. That's without adding any additional money. Thats WITH paying 100's millions in taxes in that time LOL.
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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.
Posts: 8582 | From: Vallejo | Registered: Dec 2005
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swedensky
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Member # 12185
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posted
quote:
Originally posted by hurting your feelings:
A smart person wouldn't take a lump sum.
I wish there was a laughing emoji supported on here for statements like that.
Good news: you didn't win, so the actual smart people won't be disappointed in you not taking the lump sum.
Bad news: you didn't win, so you don't get spelling lessons and we have to continue to deal with that here.
![[Big Grin]](biggrin.gif)
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Posts: 1100 | From: Sac, CA | Registered: Jul 2012
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9cobra7
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Member # 2812
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posted
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by 9cobra7:
problem with this lottery thing is even if you somehow won, you'll lose about 1 billion of the 1.5.
The lump sum plus the taxes equate to about 1 billion. Sure 500 million is nice but the news keeps saying you'll win 1.5 billion and what are you going to do with it when you win....lol
Some of these dip shits were waiting in line for a long time, then the reality hits when you're lucky to get one number of 6.
There is your one in 292 million odds for ya
A smart person wouldn't take a lump sum.
I think you meant to say a dumb person wouldn't take a lump sum....I'm giving you an out.
If the power ball had the 1.5 billion, they would pay you in full minus the taxes. They don't have it other wise they would pay that amount. That's why you get penalized so bad to take the lump sum. Like social security being the Ponzi scheme that it is, they are counting on people paying into it and worse have borrowed against it.
You trust this thing will be around in the next 29 years to pay you out? With this current trend we have with bleak job futures...I sure don't!!
In simple terms diversify the 500 whatever million you get, and your set. Any dumb dumb who "BLOWS" through 500 million.....we'll you know....
Posts: 2633 | From: usa | Registered: May 2003
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9cobra7
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Member # 2812
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posted
Another question is why does the IRS even get to tax this money? Wasn't each of our dollars taxed already? How many times are they allowed to tax the same dollar?
Just seems like a sneaky way to tax and tax and re tax like they're so good at doing.
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If you can't walk and chew gum at the same time, don't walk.
Posts: 2633 | From: usa | Registered: May 2003
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hurting your feelings
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Member # 13641
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posted
quote:
Originally posted by 9cobra7:
Another question is why does the IRS even get to tax this money? Wasn't each of our dollars taxed already? How many times are they allowed to tax the same dollar?
Just seems like a sneaky way to tax and tax and re tax like they're so good at doing.
Capital gains taxes just like if sell a house an don't invest it to a other house.
Posts: 1830 | From: In front of the bank with a 45 an a ski mask | Registered: Jun 2014
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hurting your feelings
¯
Member # 13641
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posted
quote:
Originally posted by 9cobra7:
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by 9cobra7:
problem with this lottery thing is even if you somehow won, you'll lose about 1 billion of the 1.5.
The lump sum plus the taxes equate to about 1 billion. Sure 500 million is nice but the news keeps saying you'll win 1.5 billion and what are you going to do with it when you win....lol
Some of these dip shits were waiting in line for a long time, then the reality hits when you're lucky to get one number of 6.
There is your one in 292 million odds for ya
A smart person wouldn't take a lump sum.
I think you meant to say a dumb person wouldn't take a lump sum....I'm giving you an out.
If the power ball had the 1.5 billion, they would pay you in full minus the taxes. They don't have it other wise they would pay that amount. That's why you get penalized so bad to take the lump sum. Like social security being the Ponzi scheme that it is, they are counting on people paying into it and worse have borrowed against it.
You trust this thing will be around in the next 29 years to pay you out? With this current trend we have with bleak job futures...I sure don't!!
In simple terms diversify the 500 whatever million you get, and your set. Any dumb dumb who "BLOWS" through 500 million.....we'll you know....
1.5 split 3 was is only 400 million taxes is 1/3 of that. There a reason why rich pople stay rich an the middle class is going broke because they don't understands long term financial goals and investments an make you money work for in the long term
Posts: 1830 | From: In front of the bank with a 45 an a ski mask | Registered: Jun 2014
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hurting your feelings
¯
Member # 13641
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posted
quote:
Originally posted by 9cobra7:
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by 9cobra7:
problem with this lottery thing is even if you somehow won, you'll lose about 1 billion of the 1.5.
The lump sum plus the taxes equate to about 1 billion. Sure 500 million is nice but the news keeps saying you'll win 1.5 billion and what are you going to do with it when you win....lol
Some of these dip shits were waiting in line for a long time, then the reality hits when you're lucky to get one number of 6.
There is your one in 292 million odds for ya
A smart person wouldn't take a lump sum.
I think you meant to say a dumb person wouldn't take a lump sum....I'm giving you an out.
If the power ball had the 1.5 billion, they would pay you in full minus the taxes. They don't have it other wise they would pay that amount. That's why you get penalized so bad to take the lump sum. Like social security being the Ponzi scheme that it is, they are counting on people paying into it and worse have borrowed against it.
You trust this thing will be around in the next 29 years to pay you out? With this current trend we have with bleak job futures...I sure don't!!
In simple terms diversify the 500 whatever million you get, and your set. Any dumb dumb who "BLOWS" through 500 million.....we'll you know....
1.5 split 3 was is only 400 million taxes is 1/3 of that. There a reason why rich pople stay rich an the middle class is going broke because they don't understands long term financial goals and investments an make you money work for in the long term
Posts: 1830 | From: In front of the bank with a 45 an a ski mask | Registered: Jun 2014
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1996 GT
I'm Joe Yates
Member # 4992
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posted
quote:
Originally posted by 9cobra7:
Another question is why does the IRS even get to tax this money? Wasn't each of our dollars taxed already? How many times are they allowed to tax the same dollar?
Just seems like a sneaky way to tax and tax and re tax like they're so good at doing.
Because it's gambling winning, just like if you win injun money at Cache Creek. Now if you got the money from a lawsuit, that is not taxed. Or if you get child support, no taxes there either.
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Posts: 9308 | Registered: Oct 2004
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stanger00
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Member # 13818
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posted
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by 9cobra7:
Another question is why does the IRS even get to tax this money? Wasn't each of our dollars taxed already? How many times are they allowed to tax the same dollar?
Just seems like a sneaky way to tax and tax and re tax like they're so good at doing.
Capital gains taxes just like if sell a house an don't invest it to a other house.
True if you only own the home for less than 4 or 5 years. Otherwise no capital gains tax if you don't roll it into a new property.
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2000 Mustang GT Aluminator, TFS, Vortech, AED
Posts: 210 | From: Concord | Registered: Oct 2014
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i
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Member # 12534
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posted
My cousin wife friends boyfriend brother ex girlfriend dad mother sister won the power ball.
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Posts: 1901 | From: Sacramento | Registered: Nov 2012
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