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$1.5 BILLION: Wednesday Powerball record jackpot still risingReply
How do I calculate winning for my state lottery after taxes?
Jan 14, 2016, 12:32 am - BBLL - Lottery News

$1.5 BILLION: Wednesday Powerball record jackpot still risingReply
Yeah that is the greed factor of most, the higher it gets the more people want. They sit on here all day and night arguing how to avoid taxes and how horrible it i will be to win. I think about it what an opportunity of a lifetime I will have, and how much money I will have after taxes that I still will never spend. If they are that worried about it and paying taxes they should not even bother playing. Yet we know they are. With that much money taxes and investing is a non-issue as you should ne
Jan 13, 2016, 5:24 am - sirbrad - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
I get what you're saying, and you are in fact one of the few people who would choose an annuity who has a valid argument. You at least recognize you will probably pay more in taxes later on with the annuity. And I've also considered doing that for the same reason, but the thing I always come back to is this: I don't want to give a single cent more in taxes than I absolutely have to. Many states are imposing or trying to impose luxury taxes, high net worth taxes, additional lottery taxes. It
Jan 11, 2016, 7:29 pm - Teddi - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Maybe they figured in local taxes?
Jan 11, 2016, 4:53 am - mightwin - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Some states have reciprocity agreements with each other with regards to taxes, where as if you work in one state and live in another you'll get a credit for taxes paid to another state. Not sure if George and Florida have that being Florida has no income tax, but wherever you buy the ticket that states going to withhold the taxes because its income earned in that state. And if I buy the tickets in Florida with no income tax my home state is going to want a piece of it because it earned income.
Jan 10, 2016, 7:29 pm - mightwin - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Looks I'm looking at $459,420,000 after taxes on Wednesday!
Jan 10, 2016, 7:49 am - Guru101 - Lottery News

$900 MILLION: Powerball lottery jackpot to create unimaginable wealthReply
No this is incorrect, The second prize - won by matching five white balls in any order - is $1,000,000 paid in cash (no annuity option). Also all prizes are BEFORE taxes. So you would take home about $750,000 after taxes (at 25%) and about $700,000 total probably after all taxes the next year.
Jan 9, 2016, 10:22 pm - sirbrad - Lottery News

$800 MILLION: Powerball lottery jackpot approaches billion-dollar rangeReply
558-taxes = around half that.
Jan 9, 2016, 12:01 pm - RL-RANDOMLOGIC - Lottery News

$800 MILLION: Powerball lottery jackpot approaches billion-dollar rangeReply
Over $300 million after taxes, I'll take it!
Jan 9, 2016, 11:32 am - Guru101 - Lottery News

$800 MILLION: Powerball lottery jackpot approaches billion-dollar rangeReply
I think federal taxes for that high of an income bracket is 39.6% not 25%.
Jan 8, 2016, 10:10 pm - One-Day - Lottery News