Mega Millions Lottery
#31
Re: Mega Millions Lottery
Why's that? there is no state tax or local taxes on lottery wins in California - if you supply a ss number, you get taxed at 25% from the feds.
#32
Re: Mega Millions Lottery
I went to get gas yesterday afternoon and the line was all the way out and around the gas station with people waiting to buy tickets! People are buying loads of tickets and some are even getting free tickets! I wonder if the jackpot will increase even more.
#34
Re: Mega Millions Lottery
You have to claim the prize in whatever state you brought the ticket in and abide by whatever tax requirements that state has. Interesting to see how much you get if you take the lump sum and it has been taxed - still enough to buy your own island and hire accountants to ensure you never pay another penny of tax again
#35
Re: Mega Millions Lottery
You have to claim the prize in whatever state you brought the ticket in and abide by whatever tax requirements that state has. Interesting to see how much you get if you take the lump sum and it has been taxed - still enough to buy your own island and hire accountants to ensure you never pay another penny of tax again
#38
Re: Mega Millions Lottery
I'm also sure that I won't be turning down whatever the prize turns out to be if I win it and I'm willing to bet that neither would you!
#39
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Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: Mega Millions Lottery
That's a funny thing to say; "As if $30m wouldn't be enough". Is there an amount you could win above which you'll just give it all away? In any case, your life style will always rise to match your income/wealth so no matter how much you have, you'll always want more - that's human nature.
I'm also sure that I won't be turning down whatever the prize turns out to be if I win it and I'm willing to bet that neither would you!
I'm also sure that I won't be turning down whatever the prize turns out to be if I win it and I'm willing to bet that neither would you!
I won't turn my nose up at dosh, whatever the size, but I'm tight as a gnat's chuff, me.
#41
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Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: Mega Millions Lottery
I'd take enough to pay off our house, cars and credit cards.
Half a billion, though? Oh, to be able to flick the world a V-sign and spend the rest of my life having fun. How great.
I'd arrange a massive BE pissup in the Caribbean somewhere, though. So we can correct each other in person
Half a billion, though? Oh, to be able to flick the world a V-sign and spend the rest of my life having fun. How great.
I'd arrange a massive BE pissup in the Caribbean somewhere, though. So we can correct each other in person
#43
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Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
#44
Re: Mega Millions Lottery
If you won, would you take it as a lump sum and pay higher tax, or take it as a salary over a bunch of years to have a lower initial tax dump?
Either way, about half of it is going to the tax man...which seems cheeky when they're already taxing you on buying the ticket in the first place
Either way, about half of it is going to the tax man...which seems cheeky when they're already taxing you on buying the ticket in the first place
#45
I have a comma problem
Joined: Feb 2009
Location: Fox Lake, IL (from Carrickfergus NI)
Posts: 49,598
Re: Mega Millions Lottery
If you won, would you take it as a lump sum and pay higher tax, or take it as a salary over a bunch of years to have a lower initial tax dump?
Either way, about half of it is going to the tax man...which seems cheeky when they're already taxing you on buying the ticket in the first place
Either way, about half of it is going to the tax man...which seems cheeky when they're already taxing you on buying the ticket in the first place
How cool would it be to actually have a Swiss bank account to bung some of your millions in, though ?