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Good Luck on winning the mega.

Topic closed. 16 replies. Last post 7 years ago by allmost.

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New Member
toledo ohio
United States
Member #78839
August 22, 2009
22 Posts
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Posted: August 22, 2009, 3:46 pm - IP Logged

I would like to say hello to all . I'm new here Evil Looking and i just wanted to say good luck for the mega millions drawing on 8/25/2009, hopfuly one of us wins the jack pot!

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    Santa Ana
    United States
    Member #71159
    February 20, 2009
    651 Posts
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    Posted: August 22, 2009, 8:22 pm - IP Logged

    Welcome to the LP Family and good luck to you as well--the jackpot for MM is now: $252MMBanana

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      toledo ohio
      United States
      Member #78839
      August 22, 2009
      22 Posts
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      Posted: August 22, 2009, 8:30 pm - IP Logged

      I know, CASH OPTION 159.2 MILLION - taxes 31% = A life for you, and your family where you don't have to worry about money. well if you don't blow it lol. Party

       

       

       

      The very first thing I would buy, 2010 Camaro ss

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        Santa Ana
        United States
        Member #71159
        February 20, 2009
        651 Posts
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        Posted: August 22, 2009, 8:33 pm - IP Logged

        Yes, that amount is nothing to sneeze at; I certainly would welcome it and the 1st thing I want to buy is A BRAND NEW HOMEHyper

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          New Member
          toledo ohio
          United States
          Member #78839
          August 22, 2009
          22 Posts
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          Posted: August 22, 2009, 8:43 pm - IP Logged

          brand new home would be 2nd on my list, so i can drive that bad boy to see the new homes, or just have one built and drive around to look at land for the new house lol.

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            United States
            Member #34931
            March 9, 2006
            98 Posts
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            Posted: August 22, 2009, 9:29 pm - IP Logged

            "CASH OPTION 159.2 MILLION - taxes 31%"

            More like 35% federal PLUS state tax %.

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              toledo ohio
              United States
              Member #78839
              August 22, 2009
              22 Posts
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              Posted: August 22, 2009, 9:58 pm - IP Logged

              I live in ohio Red Devil

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                Chief Bottle Washer
                New Jersey
                United States
                Member #1
                May 31, 2000
                23262 Posts
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                Posted: August 22, 2009, 9:58 pm - IP Logged

                <Moved to Jackpot Games forum>

                Please post in the appropriate forum ... thank you.

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                  New Member
                  toledo ohio
                  United States
                  Member #78839
                  August 22, 2009
                  22 Posts
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                  Posted: August 22, 2009, 10:05 pm - IP Logged
                  Gross Prize26 annual payments of $9,692,308

                  Lump-sum cash: $159,000,000
                  - 25% Federal Tax- $2,423,077

                  - $39,750,000
                  Subtotal
                  $7,269,231


                  $119,250,000
                  - State Tax:

                  California: No State Tax on Lottery Prizes!
                  Your net per year: $7,269,231
                  Your net payout: $119,250,000
                  After 26 payments: $189,000,006

                  Georgia: 6% State Tax- $581,538

                  - $9,540,000
                  Your net per year: $6,687,693
                  Your net payout: $109,710,000
                  After 26 payments: $173,880,018

                  Illinois: 3% State Tax- $290,769

                  - $4,770,000
                  Your net per year: $6,978,462
                  Your net payout: $114,480,000
                  After 26 payments: $181,440,012

                  Maryland: 8.5% State Tax for In-State Residents- $823,846

                  - $13,515,000
                  Your net per year: $6,445,385
                  Your net payout: $105,735,000
                  After 26 payments: $167,580,010
                   
                  Non-Maryland Residents: 6.75% State Tax- $654,231

                  - $10,732,500
                  Your net per year: $6,615,000
                  Your net payout: $108,517,500
                  After 26 payments: $171,990,000

                  Massachusetts: 5% State Tax- $484,615

                  - $7,950,000
                  Your net per year: $6,784,616
                  Your net payout: $111,300,000
                  After 26 payments: $176,400,016

                  Michigan: 4.35% State Tax- $421,615

                  - $6,916,500
                  Your net per year: $6,847,616
                  Your net payout: $112,333,500
                  After 26 payments: $178,038,016

                  New Jersey: 10.8% State Tax- $1,046,769

                  - $17,172,000
                  Your net per year: $6,222,462
                  Your net payout: $102,078,000
                  After 26 payments: $161,784,012

                  New York: 8.97% State Tax- $869,400

                  - $14,262,300
                  Your net per year: $6,399,831
                  Your net payout: $104,987,700
                  After 26 payments: $166,395,606

                  Ohio: 6% State Tax- $581,538

                  - $9,540,000
                  Your net per year: $6,687,693
                  Your net payout: $109,710,000
                  After 26 payments: $173,880,018

                  Texas: No State Tax on Lottery Prizes!
                  Your net per year: $7,269,231
                  Your net payout: $119,250,000
                  After 26 payments: $189,000,006

                  Virginia: 4% State Tax- $387,692

                  - $6,360,000
                  Your net per year: $6,881,539
                  Your net payout: $112,890,000
                  After 26 payments: $178,920,014

                  Washington: No State Tax on Lottery Prizes!
                  Your net per year: $7,269,231
                  Your net payout: $119,250,000
                  After 26 payments: $189,000,006

                  New York imposes additional withholding if you live in one of thefollowing jurisdictions: New York City (3.648%) and Yonkers (0.897%).

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                    United States
                    Member #34931
                    March 9, 2006
                    98 Posts
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                    Posted: August 22, 2009, 10:07 pm - IP Logged

                    6% Ohio plus 35% federal = around 41% taxes.

                    Google . . top tax bracket

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                      toledo ohio
                      United States
                      Member #78839
                      August 22, 2009
                      22 Posts
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                      Posted: August 23, 2009, 1:46 am - IP Logged

                      wow, you are right!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! that is crazy. i still cant be leave that.

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                        New Member
                        toledo ohio
                        United States
                        Member #78839
                        August 22, 2009
                        22 Posts
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                        Posted: August 23, 2009, 1:49 am - IP Logged

                        now how would they do that? do they take fed first then the states 6%, or both from the total?

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                          Idaho
                          United States
                          Member #56506
                          November 21, 2007
                          6537 Posts
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                          Posted: August 23, 2009, 2:22 am - IP Logged

                          I would like to say hello to all . I'm new here Evil Looking and i just wanted to say good luck for the mega millions drawing on 8/25/2009, hopfuly one of us wins the jack pot!

                          Welcome to Lottery Post allmost! See Ya!

                          "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

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                            Holland, Michigan
                            United States
                            Member #37733
                            April 19, 2006
                            75 Posts
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                            Posted: August 23, 2009, 4:38 am - IP Logged

                            White BounceWELCOME TO LOTTERY POST!!! White Bounce

                             

                             

                            Patriot GOOD LUCK TO ALL AND GOD BLESS!!! US Flag

                             

                            Big Grin Angel GIVE ME YOUR POWER AND PRAY FOR ME!!! Big Grin Angel

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                              New Member
                              toledo ohio
                              United States
                              Member #78839
                              August 22, 2009
                              22 Posts
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                              Posted: August 23, 2009, 12:23 pm - IP Logged

                              thank you all.