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Powerball lottery jackpot hits $200 million

Topic closed. 46 replies. Last post 9 years ago by rubberbandman.

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PA
United States
Member #22983
October 6, 2005
2226 Posts
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Posted: March 10, 2008, 12:17 am - IP Logged

"So, no it is NOT $230, at best, it will 25% of that.  That is closer to the real world."

Maybe so, especially with inflation; even though the lottery does increase its annuity payment each year. However the lottery does pay out $230 million either way, but just doesn't like to say that 25% and more will go to the greedy IRS.

    rubberbandman's avatar - Spawn Classic.jpg
    mn
    United States
    Member #59040
    March 4, 2008
    276 Posts
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    Posted: March 10, 2008, 9:11 am - IP Logged

    "So, no it is NOT $230, at best, it will 25% of that.  That is closer to the real world."

    Maybe so, especially with inflation; even though the lottery does increase its annuity payment each year. However the lottery does pay out $230 million either way, but just doesn't like to say that 25% and more will go to the greedy IRS.

    "Taxes are what you pay to live in a civilized society."

    --Not Unknown, I just don't know who said it.

     

    Anyways if you are smart about the way you use your money, you can practically get it all back during tax season.