Lottery

[PK90 3,570]

Okay. Got my tickets to the Powerball drawing tonight. 1.5 Billion Smackeroonies. Anybody else?

 

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[bhunted 887]

Yep! Good luck to all of you. Just don't forget if you win, I'm your long lost son.

 

 

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[sosa9999 5]

got 10 ticket and waiting to see what happens. 

[Newtonian 453]

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.

[Krdshrk 3,877]

Yes, Powerball is available in NJ.

[Shawnmoore81 623]

I have tickets on my own, a pool at work and a pool of nj gun owners on Facebook.

 

 

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[JackDaWack 2,895]

been throwing 10 bucks at each drawing....nothing I will miss and dont every play nor will i continue to.

[WhiskeyTangoFoxtrot 358]

[NJGF 375]

Youse guys are wasting your money. I got the winning today yesterday.

[mipafox 438]

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.

[mustang69 505]

I'd buy the Governor's office, or maybe a few politicians....

[fatty 241]

For sure.  

[mipafox 438]

They said it's like $450 million after taxes. That would buy a lot of lottery tickets.

[T Bill 649]

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.  

[Krdshrk 3,877]

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

[fatty 241]

Shit I'd be happy to win a few grand

[Displaced Texan 11,748]

 

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.

[mikeyjones 88]

 

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

[Krdshrk 3,877]

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%...  

[diamondd817 827]

Rule of thumb. You will get 1/3 after taxes assuming you play cash payout. $1.5b = $500mil take home.

[silverado427 10,729]

I'm in.  

[mikeyjones 88]

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

[diamondd817 827]

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...

[mipafox 438]

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?

[diamondd817 827]

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?

[mipafox 438]

$500 million?

 

Nevah ben dun befo.

 

Epic.

[diamondd817 827]

Midget Hookers and Ecstasy?

[mipafox 438]

Midget Hookers and Ecstasy?

There's room for all kinds at the Mipa Ranch.

[T Bill 649]

I'm sure Lamar Odom can clue you in on some of the finer points.

[PK90 3,570]

I had one number on 3 out of 15. I hope someone wins so I can stop buying them.

 

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