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$320 MILLION: Powerball lottery jackpot goes through the roof

Topic closed. 444 replies. Last post 4 years ago by jamella724.

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United States
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March 14, 2012
7023 Posts
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Posted: March 21, 2013, 5:23 am - IP Logged

Yawn

    dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
    Oklahoma
    United States
    Member #82391
    November 12, 2009
    6290 Posts
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    Posted: March 21, 2013, 5:34 am - IP Logged

    I really thought there would have been more players to win the second tier prize anyway congratulation to all the winnersThumbs Up

    I Love Pink & Green 1908

      Avatar
      New York
      United States
      Member #111804
      June 2, 2011
      30 Posts
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      Posted: March 21, 2013, 5:49 am - IP Logged

      Mega millions red ball was 35

      So we do this 3x5= 15 therefore the power ball was going to be 15

      This thing is funny

      Plus the red powerball 15 didn't come out for two years.

        whiteballz's avatar - Lottery-015.jpg
        Nutley, New Jersey
        United States
        Member #131058
        August 1, 2012
        875 Posts
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        Posted: March 21, 2013, 5:49 am - IP Logged

        Oh shup up with the government confiscation crap. You will walk away with $100+ million for spending a couple bucks. Can't your kind ever stop whining? Jesus Christ. The people like you are usually the ones sucking off the government teat. Almost every single time. 

        You should read up on federal income tax and how it came about. People like me? what's that supposed to mean? I've never taken a dime from the government in my life. I'm someone who wants to keep most of what I won, depending on the state you live, that isn't possible.

        .

          dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
          Oklahoma
          United States
          Member #82391
          November 12, 2009
          6290 Posts
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          Posted: March 21, 2013, 5:51 am - IP Logged

          Oh shup up with the government confiscation crap. You will walk away with $100+ million for spending a couple bucks. Can't your kind ever stop whining? Jesus Christ. The people like you are usually the ones sucking off the government teat. Almost every single time. 

          Shame on you Venom for using Christ name No No

          I Love Pink & Green 1908

            whiteballz's avatar - Lottery-015.jpg
            Nutley, New Jersey
            United States
            Member #131058
            August 1, 2012
            875 Posts
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            Posted: March 21, 2013, 5:52 am - IP Logged

            A lot of people refer to the "Obamacare tax", but the correct name is the Net Investment Income Tax. Lottery winnings are not, and never have been, viewed by the IRS as investment income. The tax applies to the lesser of net investment income or adjusted gross income beyond a threshold.

            Everything I've seen indicates that the name is accurate, and it's only investment income that will matter. If anyone has seen a legitimate source reporting that the tax will apply to lottery (or other gambling) winnings I'd be happy to look at it, but if lottery winnings are treated as investment income it may open the door for claiming some lottery winnings at the capital gains rate. I can promise that the IRS would rather tax a jackpot at 39.6% than 20% plus 3.8%.

            That means that unless the IRS starts treating lottery winnings as investment income nobody is going to pay the tax on lottery winnings unless their lottery winnings plus everything else that contributes to their AGI is less than their investment income. That means that somebody with an AGI of more than $125 to 250k (depending on filing status) including a reported win of $1000 and investment income of more than $1000 will pay an extra $38. If they won $10k and had more than $10k from investment income they'd pay $380. If they won $100 million and had investment income of $100k they'd pay $3,800.

            whatever you want to call the tax, what is it supposed to fund?

            .

              Saylorgirl's avatar - Lottery-065.jpg
              Indiana
              United States
              Member #129225
              June 13, 2012
              546 Posts
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              Posted: March 21, 2013, 6:39 am - IP Logged

              If you win the jackpot, 25% will be withheld by the lottery office before you even receive the check. The rest of the taxes will be due April 2014. If you need help doing your 2014 taxes after winning Powerball, call me. I'll be happy to help.

              It is nice to have a win early in the year so one has time to redeploy their winnings.  They can possible reduce some of the additional taxes that would be due.

              Glad I don't live in New Jersey your state taxes are a real oucher!!

                mightwin's avatar - questns

                United States
                Member #103786
                January 5, 2011
                486 Posts
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                Posted: March 21, 2013, 7:41 am - IP Logged

                Let it be one jackpot winner...................... Michigan!

                  msharkey2001's avatar - Trek startrek.gif
                  New Hampshire
                  United States
                  Member #136492
                  December 12, 2012
                  322 Posts
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                  Posted: March 21, 2013, 8:03 am - IP Logged

                  An interesting trend observation to share with everyone. Yesterday was yet another draw with some closely bunched numbers. It's been quite the run of draws with a number delta of 4 or less (30 of the last 31 or 97%) since the beginning of December. That could change at any time of course, but I'll be picking my numbers within this trend for Saturday in hopes this continues.

                   

                  Good luck everyone! Here's hoping there will be a JP or 5 of 5 winner from LP this Saturday!

                   

                  Cheers

                    dpoly1's avatar - driver
                    PA
                    United States
                    Member #66141
                    October 16, 2008
                    1672 Posts
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                    Posted: March 21, 2013, 8:12 am - IP Logged

                    Here we go folks ................

                    Best of luck to LP Members, I hope that there is a big winner from our group!

                    Dance

                    dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                     

                    Eschew Poverty ........... Vote Conservative!

                      dpoly1's avatar - driver
                      PA
                      United States
                      Member #66141
                      October 16, 2008
                      1672 Posts
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                      Posted: March 21, 2013, 8:25 am - IP Logged

                      I am hoping for 1 individual winner so as to drive the "fair share" crowd nuts!

                      Sad

                      dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                       

                      Eschew Poverty ........... Vote Conservative!

                        rcbbuckeye's avatar - Lottery-043.jpg
                        Texas
                        United States
                        Member #55889
                        October 23, 2007
                        5591 Posts
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                        Posted: March 21, 2013, 8:37 am - IP Logged

                        Oh shup up with the government confiscation crap. You will walk away with $100+ million for spending a couple bucks. Can't your kind ever stop whining? Jesus Christ. The people like you are usually the ones sucking off the government teat. Almost every single time. 

                        Wow "Venom".

                        "Can't your kind ever stop whining?"

                        Well.... that was a whine if I ever saw one.

                        If you like paying taxes so much, you are so very welcome to pay mine next year. Otherwise, just calm down.

                        CAN'T WIN IF YOU'RE NOT IN

                        A DOLLAR AND A DREAM (OR $2)

                          Piaceri's avatar - sarsony1
                          Republic of Texas
                          United States
                          Member #57557
                          January 9, 2008
                          1095 Posts
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                          Posted: March 21, 2013, 9:08 am - IP Logged

                          Shame on you Venom for using Christ name No No

                          Agree. Karma and all that.  No No

                           

                          Agree with doply1, I'm hoping for a single winner, whoever they are, just to anger the share the wealth peeps. White Bounce

                           

                          Let the fun begin!!!!Party Best of luck to all at Lottery Post!

                          face

                          singlewinnersinglewinnersinglewinner   

                            mightwin's avatar - questns

                            United States
                            Member #103786
                            January 5, 2011
                            486 Posts
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                            Posted: March 21, 2013, 9:09 am - IP Logged

                            Yeah I guess people who don't like us complaining about paying a lot in taxes don't mind their $ being taken and wasted away.

                              mightwin's avatar - questns

                              United States
                              Member #103786
                              January 5, 2011
                              486 Posts
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                              Posted: March 21, 2013, 9:11 am - IP Logged

                              If there's no winner Saturday then I can see it goin sky high

                                 
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