PK90 3,573 Posted January 13, 2016 Okay. Got my tickets to the Powerball drawing tonight. 1.5 Billion Smackeroonies. Anybody else? Sent from an undisclosed location via Tapatalk. Quote Share this post Link to post Share on other sites
bhunted 887 Posted January 13, 2016 Yep! Good luck to all of you. Just don't forget if you win, I'm your long lost son. Sent from my iPad using Tapatalk Quote Share this post Link to post Share on other sites
sosa9999 5 Posted January 13, 2016 got 10 ticket and waiting to see what happens. Quote Share this post Link to post Share on other sites
Newtonian 453 Posted January 13, 2016 Can you get these in New Jersey? If I win BTW I'm going to keep working in the mail room at Phenortner Enterprises. We create education policy that encourages disadvantaged youth to teach one another by learning from themselves. Quote Share this post Link to post Share on other sites
Krdshrk 3,878 Posted January 13, 2016 Yes, Powerball is available in NJ. Quote Share this post Link to post Share on other sites
Shawnmoore81 623 Posted January 13, 2016 I have tickets on my own, a pool at work and a pool of nj gun owners on Facebook. Sent from my iPhone using Tapatalk Quote Share this post Link to post Share on other sites
JackDaWack 2,895 Posted January 13, 2016 been throwing 10 bucks at each drawing....nothing I will miss and dont every play nor will i continue to. Quote Share this post Link to post Share on other sites
WhiskeyTangoFoxtrot 358 Posted January 13, 2016 Quote Share this post Link to post Share on other sites
NJGF 375 Posted January 13, 2016 Youse guys are wasting your money. I got the winning today yesterday. Quote Share this post Link to post Share on other sites
mipafox 438 Posted January 13, 2016 I would get a Jersey license to carry a handgun. And send some politician somewhere in the western hemisphere a real meatball parm sandwich (with pepperoni and goot) the size of the oscar mayer hot dog truck. Quote Share this post Link to post Share on other sites
mustang69 505 Posted January 13, 2016 I'd buy the Governor's office, or maybe a few politicians.... Quote Share this post Link to post Share on other sites
mipafox 438 Posted January 13, 2016 They said it's like $450 million after taxes. That would buy a lot of lottery tickets. Quote Share this post Link to post Share on other sites
T Bill 649 Posted January 13, 2016 I'd buy the Governor's office, or maybe a few politicians.... You don't have to, Corzine made sure of that before he left office, sliding scale state tax that peakes at 10.8% on all lottery winnings over $599.50. Highest of all the states that are in Powerball. So lets add it up 39.6 for the Feds and 10.8 for NJ equals 50.4. They'll get more than you do! Plus their share of the pot. I wanna play for their team. Quote Share this post Link to post Share on other sites
Krdshrk 3,878 Posted January 13, 2016 They said it's like $450 million after taxes. That would buy a lot of lottery tickets. https://www.usamega.com/powerball-jackpot.asp Annuity $1,500,000,000 Gross Prize: 30 average annual payments of $50,000,000 - 25% Federal Tax - $12,500,000 Subtotal : $37,500,000 - New Jersey: 3% State Tax - $1,500,000 Your average net per year: $36,000,000 After 30 payments: $1,080,000,000 Lump Sum: $930,000,000 Lump-sum cash: $930,000,000 - 25% Federal Tax - $232,500,000 Subtotal: $697,500,000 - New Jersey: 3% State Tax - $27,900,000 Your net payout: $669,600,000 Quote Share this post Link to post Share on other sites
fatty 241 Posted January 13, 2016 Shit I'd be happy to win a few grand Quote Share this post Link to post Share on other sites
Displaced Texan 11,765 Posted January 13, 2016 https://www.usamega.com/powerball-jackpot.asp Annuity $1,500,000,000 Gross Prize: 30 average annual payments of $50,000,000 - 25% Federal Tax - $12,500,000 Subtotal : $37,500,000 - New Jersey: 3% State Tax - $1,500,000 Your average net per year: $36,000,000 After 30 payments: $1,080,000,000 Lump Sum: $930,000,000 Lump-sum cash: $930,000,000 - 25% Federal Tax - $232,500,000 Subtotal: $697,500,000 - New Jersey: 3% State Tax - $27,900,000 Your net payout: $669,600,000 I think I can manage to eek out a comfortable lifestyle on $669M. Somehow. I guess. Quote Share this post Link to post Share on other sites
mikeyjones 88 Posted January 13, 2016 https://www.usamega.com/powerball-jackpot.asp Annuity $1,500,000,000 Gross Prize: 30 average annual payments of $50,000,000 - 25% Federal Tax - $12,500,000 Subtotal : $37,500,000 - New Jersey: 3% State Tax - $1,500,000 Your average net per year: $36,000,000 After 30 payments: $1,080,000,000 Lump Sum: $930,000,000 Lump-sum cash: $930,000,000 - 25% Federal Tax - $232,500,000 Subtotal: $697,500,000 - New Jersey: 3% State Tax - $27,900,000 Your net payout: $669,600,000 NJ tax rate will be closer to 9% http://swz.salary.com/salarywizard/layouthtmls/swzl_statetaxrate_NJ.html Quote Share this post Link to post Share on other sites
Krdshrk 3,878 Posted January 13, 2016 NJ tax rate will be closer to 9% http://swz.salary.com/salarywizard/layouthtmls/swzl_statetaxrate_NJ.html Yikes - just saw that... Sliding scale - max is 10.80%... Quote Share this post Link to post Share on other sites
diamondd817 828 Posted January 13, 2016 Rule of thumb. You will get 1/3 after taxes assuming you play cash payout. $1.5b = $500mil take home. Quote Share this post Link to post Share on other sites
silverado427 10,775 Posted January 14, 2016 I'm in. Quote Share this post Link to post Share on other sites
mikeyjones 88 Posted January 14, 2016 Rule of thumb. You will get 1/3 after taxes assuming you play cash payout. $1.5b = $500mil take home. That's pretty close. We did the math at work, came out to ~503 Quote Share this post Link to post Share on other sites
diamondd817 828 Posted January 14, 2016 That's pretty close. We did the math at work, came out to ~503 Invest the 500mil at 5% a year. Spend $68,500 per day /365 days a year for the rest of your life and never even touch the principal... Quote Share this post Link to post Share on other sites
mipafox 438 Posted January 14, 2016 Invest the 500mil at 5% a year. Spend $68,500 per day /365 days a year for the rest of your life and never even touch the principal... Screw that. Do you know what kind of weekend you could have if you spent all of it on coke and hookers? Quote Share this post Link to post Share on other sites
diamondd817 828 Posted January 14, 2016 Screw that. Do you know what kind of weekend you could have if you spent all of it on coke and hookers? A good one? Quote Share this post Link to post Share on other sites
mipafox 438 Posted January 14, 2016 $500 million? Nevah ben dun befo. Epic. Quote Share this post Link to post Share on other sites
diamondd817 828 Posted January 14, 2016 Midget Hookers and Ecstasy? Quote Share this post Link to post Share on other sites
mipafox 438 Posted January 14, 2016 Midget Hookers and Ecstasy? There's room for all kinds at the Mipa Ranch. Quote Share this post Link to post Share on other sites
T Bill 649 Posted January 14, 2016 I'm sure Lamar Odom can clue you in on some of the finer points. Quote Share this post Link to post Share on other sites
PK90 3,573 Posted January 14, 2016 I had one number on 3 out of 15. I hope someone wins so I can stop buying them. Sent from an undisclosed location via Tapatalk. Quote Share this post Link to post Share on other sites