Skip to comments.The upside of losing the lottery
Posted on 03/31/2012 6:28:31 AM PDT by Mustang Driver
Unless you had the number 2, 4, 23, 38, 46 and Mega Ball 23 last night, you did not win the $640 million Mega Millions jackpot.
Look at the bright side: You avoided paying Barack Obama $115 million in federal income taxes and if you live in West Virginia, paying Earl Ray Tomblin $30 million in state income taxes.
This is based on CBS Math with a little Surber Math used to calculate the West Virginia personal income tax.
From CBS News: The jackpot, if taken as a $462 million lump sum and after federal tax withholding, works out to about $347 million.
So West Virginians who did not win the big jackpot can be satisfied in the knowledge that they avoided paying $145 million in state and federal taxes.
Now that is what I call sticking it to The Man.
Plus you won’t kicked off food stamps!
(But it would have been nice to get a double-wide and lord it over the neighbors...)
I could have done a lot of good with that money; good cars, good clothes, good homes, good vacations, and good women. ;)
I was going to build a house out of $100 bills...but now that dream is gone...
Take heart; if the government continues to print money at its current rate, your dream may just be attainable within a decade or two.
Thank God...now I don’t have to go through the ordeal of test driving a Bentley.
You find out who your friends are!
But, now my church won’t have it’s school.
We could celebrate by filling our gas tank.
All of us...
Imagine all the vices. Sleeping in til 7am. Eating steaks, drinking beer, driving new cars.
All that good living would ruin a man.
As for the state taxes, you might not be liable for them until you collect the prize. It might be time to move to Florida or Texas before claiming the prize.
Safety and Security is THE priority in winning.
Oh, and if you give the maximum deductible 30% to charity, you get 35% of that 30% back in a refund.
In this case of 3 winners, that refund amount would be $16 Million, for any one of them.
I’m going to try that joke on my neighbor...
I agree up to the good women. With that much money I would be sure to include the naughty ones too.
Ben: What about your girl?
Ben: Yeah. Elisa. Is she gonna come out and join you, or did she marry your brother?
Partner: To tell you the truth, there is no Elisa. I just read that name somewhere and made it up.
Ben: Them's the best kind... but what l need now is the worst kind.
I am up a buck because I didn’t play the lottery. I would have never played those numbers, so I am also a winner. Dollar Store, here I come! I needed a new cheap picture frame and now I can afford one.
The upside of NOT PLAYING the lottery
I still have my money
I only bought 10 bucks worth. I am in Annapolis and someone won in Baltimore County. Drats....lol. I just hope whoever won the money is someone who really needed it and uses the money for good.
lol. Congratulations and have fun at the dollar store. They can be fun at times.
LOL...same here. I figure that if I'm meant to win something like that, God would tell me to go buy the ticket. So far, hasn't happened.
Well, God, that’s $462 million of which I’d give You half which would be $231 million. Then I’d take out the $115 million in federal taxes (that’s all out of my half, Lord), that leaves me with $116 million for myself (since there’s no state income tax where I live). I think I would have been quite satisfied with that. In fact, I probably would be satisfied with even $5 million for myself so I could give the rest to family, friends, that cute waitress where I eat, the lady who cuts my hair, etc.
But, Lord, I am saved and your grace is sufficient for me. But just in case you ever want to do the math on letting me win the Lottery, dear Lord, this is what it would have looked like.
now is the time to buy a ticket for tues drawing w/ 2,4,23,38,46 and 23. slip that ticket in w/ fridays and watch the fun when 1 person in the office pool finds it.
Lord, let me prove to you that winning the lottery won’t spoil me. LOL
You must really be an optimist to think that someone in Baltimore County is likely to "use the money for good!"
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