Lottery pooling and take home winnings

Reply #2

HEYPHILLIP — Sat, 26 Mar 2005 13:35:46 GMT

Quote: Originally posted by winnerpick3 on March 26, 20052,134,616= 27,750,000 divided by 13 but remember the feds are going to want their share of the money i do believe which depending on your tax bracket will vary from person to person but in any case i dont think you would have to work with any of the people anymore Yeh i know what you mean in fact i probably will get hit the most out of the 13 of us in federal taxes... [ More ]

Reply #1

winnerpick3 — Sat, 26 Mar 2005 13:12:29 GMT

2,134,616= 27,750,000 divided by 13 but remember the feds are going to want their share of the money i do believe which depending on your tax bracket will vary from person to person but in any case i dont think you would have to work with any of the people anymore

Lottery pooling and take home winnings

HEYPHILLIP — Sat, 26 Mar 2005 11:37:24 GMT

I am currently in a permenant lottery pool of guys on my job. there are 13 of us right now the mega millions jackpot is 63 million. and in my state NJ the payout is 27.750.000 million NJ doesn't have sale taxes on lotteries. my question is what would be the take home for 13 people IF we get lucky