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Mega millions regular ticket or multiplier?

Topic closed. 18 replies. Last post 3 years ago by bigbear29.

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United States
Member #34931
March 9, 2006
98 Posts
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Posted: April 5, 2014, 2:15 pm - IP Logged

My worst case: when you win = 40%  next years taxes = 40%

Except for California . . both MegaMillions and Powerball 2nd prizes are full-cash-value.

2014 federal tax rates:

http://www.forbes.com/sites/kellyphillipserb/2013/10/31/irs-announces-2014-tax-brackets-standard-deduction-amounts-and-more/

Even with additional state tax liability, the actual total tax liability may only amount to around 38% for the lottery-win year.

    mypiemaster's avatar - 2015021003pileofcash
    JACKPOT HUNTER

    United States
    Member #141034
    April 2, 2013
    1419 Posts
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    Posted: April 5, 2014, 7:22 pm - IP Logged

    Megaplier or die!!!

    Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

    Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****


      United States
      Member #93947
      July 10, 2010
      2180 Posts
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      Posted: April 5, 2014, 10:47 pm - IP Logged

      Do you think your chances are better or the same as far as winning second tier?

      Here's a poll Thread that addresses this question.

      It might help you answer yours.

      https://www.lotterypost.com/thread/273424

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        United States
        Member #145267
        August 1, 2013
        1672 Posts
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        Posted: April 5, 2014, 10:57 pm - IP Logged

        Thanks jimmy4164, I will read the thread.