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One lucky California lottery player is now $1 BILLION richer after sweeping the sky-high Powerball jackpot
Not The Bee ^
| Jul 20, 2023
| Staff
Posted on 07/20/2023 7:54:10 AM PDT by Red Badger
click here to read article
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To: Red Badger
$700 mil gos right back to the G.
41
posted on
07/20/2023 10:00:40 AM PDT
by
karnage
To: yefragetuwrabrumuy
Sure, it would be more nicer to have a billion dollars after taxes than 250 million dollars after taxes. But theres nothing i can do with a billion dollars that I cant and have always wanted to do with a much lesser amount, such as 250 million dollars.
So, if I were to wind up with only 250 million on a billion dollar jackpot, or something even smaller like 25 million out of a 100 million jackpot, I’m not likely to complain about the rest of the money that went for taxes.
42
posted on
07/20/2023 10:17:12 AM PDT
by
lowbridge
("Let’s check with Senator Schumer before we run it" - NY Times)
To: Red Badger
43
posted on
07/20/2023 10:18:09 AM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: ConservativeMind
Amazingly enough, California doesn’t tax you on lottery jackpots.
44
posted on
07/20/2023 10:19:22 AM PDT
by
lowbridge
("Let’s check with Senator Schumer before we run it" - NY Times)
To: dfwgator
LOL! I wonder how long it would be before that showed up.
To: lowbridge
46
posted on
07/20/2023 10:22:26 AM PDT
by
ConservativeMind
(Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: Red Badger
24% federal income withheld immediately
3$ more next year
no state tax
this is for getting the payment up front.
To: Red Badger
He’ll miss half of that since he gets the ‘net present value’ of the billion dollar 20-year payout, not the full amount. Then, the governments get half of that. This means that he’ll ‘only’ get around $250 million.
48
posted on
07/20/2023 3:20:51 PM PDT
by
norwaypinesavage
(The power of the press is not in what it includes, rather, it's in that which is omitted.)
To: Red Badger
He’ll miss half of that since he gets the ‘net present value’ of the billion dollar 20-year payout, not the full amount. Then, the governments get half of that. This means that he’ll ‘only’ get around $250 million.
49
posted on
07/20/2023 3:21:35 PM PDT
by
norwaypinesavage
(The power of the press is not in what it includes, rather, it's in that which is omitted.)
To: norwaypinesavage
50
posted on
07/20/2023 3:21:49 PM PDT
by
Fuzz
(. )
To: MeneMeneTekelUpharsin
Uh, the article clearly states that.
Aargh, this one eyed reading never ends.
51
posted on
07/20/2023 3:23:15 PM PDT
by
Fledermaus
(It's time to get rid of the Three McStooges; Mitch, Kevin and Ronna!)
To: lowbridge
52
posted on
07/20/2023 4:16:40 PM PDT
by
CIB-173RDABN
(I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
To: Red Badger
I bet it was a alcoholic as this is next to skid row.
they will throw a big party and spend lots of money and will be found dead soon after.
53
posted on
07/20/2023 7:34:47 PM PDT
by
minnesota_bound
(Need more money to buy everything now)
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