$151 million: Powerball jackpot highest in four months

Comment #24

Fwup — Sat, 09 Oct 2004 21:57:15 GMT

Quote: Originally posted by Thomas Covenant on October 03, 2004 Todd said:Where have you been hiding?---------------------------------------------------Arguing politics in another forum, I'll be back after the election.What forum

Comment #23

Thomas Covenant — Sun, 03 Oct 2004 18:01:57 GMT

Todd said:Where have you been hiding?---------------------------------------------------Arguing politics in another forum, I'll be back after the election.

Comment #22

r_billerey — Sun, 03 Oct 2004 14:02:04 GMT

Quote: Originally posted by r_billerey on October 01, 2004I just come back from SC where I played my bases are 9 and 38 but also like 2 and 5 has strong numbers. will see saturday if I am correct.my number 2 and 13 came out , had not see this 29 or closer, and 32- 35 instat 36-38 but one of this day my well will work .

Comment #21

Todd — Sun, 03 Oct 2004 01:40:02 GMT

Quote: Originally posted by Thomas Covenant on October 02, 2004Investing in tax free bonds and tax deferred investments would change your tax burden.Thomas,That's true. Where have you been hiding

Comment #20

WIN D — Sun, 03 Oct 2004 00:07:31 GMT

Quote: Originally posted by Todd on October 02, 2004Babel,You're totally correct. Spending must also be decreased. I think the problem is that as the USA continues to become a more diversified population, the politicians' reaction is to try to cater to each individual special interest group, rather than to work for what's best for the population as a whole. So the spending goes out of control. Every politician is guilty of this to some extent.We need fewer career politicians, and more politi... [ More ]

Comment #19

Thomas Covenant — Sat, 02 Oct 2004 23:34:57 GMT

Investing in tax free bonds and tax deferred investments would change your tax burden.

Comment #18

Todd — Sat, 02 Oct 2004 23:23:48 GMT

Quote: Originally posted by fxdwg on October 02, 2004Quote: Originally posted by Todd on October 02, 2004Yes, the top rate is now 35%. Every little bit helps. My personal feeling is it should be a lot lower.OK glaringly apparent that I must have stumbled on old tax information sorry folks.However trying to point out a few things and one is that the jackpot analysis is flawed. Yes they are going to withhold 25% but they are far from done with the tax bite.It seems that every couple of weeks or

Comment #17

Babel — Sat, 02 Oct 2004 19:29:16 GMT

Quote: Originally posted by fxdwg on October 02, 2004 However trying to point out a few things and one is that the jackpot analysis is flawed. Yes they are going to withhold 25% but they are far from done with the tax bite.I wouldn't go so far as to call it flawed. It's trying to tell you what you are going to get in the form of a check when you win. Maybe there needs to be a big ol message there at the top or with the bulleted items at the bottom saying the tax man won't be done with you after... [ More ]

Comment #16

fxdwg — Sat, 02 Oct 2004 19:11:36 GMT

Quote: Originally posted by Todd on October 02, 2004Yes, the top rate is now 35%. Every little bit helps. My personal feeling is it should be a lot lower.OK glaringly apparent that I must have stumbled on old tax information sorry folks.However trying to point out a few things and one is that the jackpot analysis is flawed. Yes they are going to withhold 25% but they are far from done with the tax bite. I may/or will never win but should I beat the unbeatable odds you can be assured that one I... [ More ]

Comment #15

Babel — Sat, 02 Oct 2004 18:58:26 GMT

Yeah, definately Todd. I've been saying that for years. The minute that politics became a career the great experiement that is America started swirling down the drain. It's just a different way of thinking. When you are worried about how to keep your job or get a better one you aren't thinking about doing things in the best way they can be done.That combined with the current business environment where common wages and benefits fall while executive wages and benefits shoot through the roof create... [ More ]

Comment #14

Todd — Sat, 02 Oct 2004 17:48:24 GMT

Babel,You're totally correct. Spending must also be decreased. I think the problem is that as the USA continues to become a more diversified population, the politicians' reaction is to try to cater to each individual special interest group, rather than to work for what's best for the population as a whole. So the spending goes out of control. Every politician is guilty of this to some extent.We need fewer career politicians, and more politicians who are not afraid of getting voted out of off... [ More ]

Comment #13

Babel — Sat, 02 Oct 2004 17:30:04 GMT

Quote: Originally posted by Todd on October 02, 2004 Yes, the top rate is now 35%. Every little bit helps. My personal feeling is it should be a lot lower.Of definately, who wouldn't want lower taxes. The problem comes with lowering spending in line with lowering revenue. You can't have one without the other in my mind.

Comment #12

Todd — Sat, 02 Oct 2004 17:24:12 GMT

Yes, the top rate is now 35%. Every little bit helps. My personal feeling is it should be a lot lower.

Comment #11

Babel — Sat, 02 Oct 2004 17:21:45 GMT

Quote: Originally posted by fxdwg on October 01, 2004 and don't forget that this may/or will put you in the highest tax bracket so be sure that you set aside a total of 39.6% plus whatever your state tax is Isn't it 35% now at the high bracket with the tax relief acts? It's still alot of tax but when you're talking a taxable sum of 80+ million 4.6% one way or the other is significant.Quote: Originally posted by qutgnt on October 02, 2004 Just pick up 100 million in losing tickets off the floor i... [ More ]

Comment #10

r_billerey — Sat, 02 Oct 2004 16:28:16 GMT

hey guys i am talking about the sma;; prize of $100,000 (one hundred thousand) they pay this sum (100,00) in anuities? cannot believe it.

Comment #9

qutgnt — Sat, 02 Oct 2004 15:02:26 GMT

Just pick up 100 million in losing tickets off the floor in otbs and places that sell a lot of tickets and your set

Comment #8

Todd — Sat, 02 Oct 2004 13:22:52 GMT

If you're going to tell me that someone making $3.5 million in one year can reduce their taxable income to less than $319,000, then I want some of what youre smoking.

Comment #7

DoctorEw220 — Sat, 02 Oct 2004 06:23:33 GMT

the second highest. from what i've gotten out of the powerball FAQs, if you take the annuity option, you are more likely to see a tax refund, while if you take the cash option, you are more likely to have to pay extra.

Comment #6

Todd — Sat, 02 Oct 2004 05:56:49 GMT

According to the Powerball Jackpot Analysis page, you would get more than $3 million per year, so what tax bracket do you think you'd be in, if not the highest

Comment #5

DoctorEw220 — Sat, 02 Oct 2004 05:53:38 GMT

if you take the annuity, you may not be in the highest tax bracket.

Comment #4

fxdwg — Fri, 01 Oct 2004 22:53:43 GMT

and don't forget that this may/or will put you in the highest tax bracket so be sure that you set aside a total of 39.6% plus whatever your state tax is

Comment #3

Babel — Fri, 01 Oct 2004 18:23:50 GMT

Yes they have to pay taxes, just like if you won the jackpot. You always have to pay taxes on gambling wins. Most states automaticly take out withholdings on any lottery win over a few hundred or a few thousand depending on the state.In Oregon the lottery automaticly takes out taxes on any win over $5000 and reports any win over $600 to the IRS.

Comment #2

r_billerey — Fri, 01 Oct 2004 15:29:51 GMT

Nine players correctly matched the 5 white numbers and won $100,000. Question : will they have to paye taxes too or will they take home those $100,000.I just come back from SC where I played my bases are 9 and 38 but also like 2 and 5 has strong numbers. will see saturday if I am correct.

Comment #1

fja — Fri, 01 Oct 2004 13:21:03 GMT

Wish megamillions would get off its duff....and start pushing the megaplier

$151 million: Powerball jackpot highest in four months

Lottery Post — Fri, 01 Oct 2004 12:44:07 GMT

Eleven lottery players across the nation were just one ball shy of winning the country's largest current lottery jackpot Wednesday night. The ball those players were missing was the Powerball.There were no Powerball jackpot winners Wednesday but 839,378 prizes were paid out across the nation for a total of more than $6.6 million worth of winnings in America's Game.Because no one correctly matched all six numbers in Wednesday's drawing the jackpot will grow to an estimated $151 million.The cash... [ More ]