Mega Millions....

[The Abdominal Snoman]

The 198 million cash option is for sure the way to go. However the government takes 25% right off the top. And most states take their cut(between 5-10%). Also come tax time, your now at the top tax bracket. So you will owe the government another 10% on top of the 25% they already took when the lotto office scratched you the check. So that 198 million cash option really is about 45%. But were still talking about 120 million take home.

If you think you're gonna just give family members millions of dollars, think again. You can do it, but they will have to pay taxes on anything over 12 grand a year gift(taxes you already paid on) Sure there are ways around it(trusts and what not) however you are forever REDFLAGGED by the IRS. You will find out real quick by your attorney's just how hard it is to give away money and not get killed tax wise.

[Mick33]

The 198 million cash option is for sure the way to go. However the government takes 25% right off the top. And most states take their cut(between 5-10%). Also come tax time, your now at the top tax bracket. So you will owe the government another 10% on top of the 25% they already took when the lotto office scratched you the check. So that 198 million cash option really is about 45%. But were still talking about 120 million take home.

If you think you're gonna just give family members millions of dollars, think again. You can do it, but they will have to pay taxes on anything over 12 grand a year gift(taxes you already paid on) Sure there are ways around it(trusts and what not) however you are forever REDFLAGGED by the IRS. You will find out real quick by your attorney's just how hard it is to give away money and not get killed tax wise.

I was thinking I would just hire them on to work for me in real estate, and everybody's salary would be $250,000 per year. Hours of 11-2:30. Then it is bar time!

[Tito24]

[The Abdominal Snoman]

Most lottery rules state that if you take the 20 or so year payout is not transferable to surviving members of your family if you die. Take the lump sum.

That money doesn't just disappear into thin air. It goes to the Estate of the deceased.

[The Abdominal Snoman]

I was thinking I would just hire them on to work for me in real estate, and everybody's salary would be $250,000 per year. Hours of 11-2:30. Then it is bar time!

lolz. ya there are ways around things. That kind of money takes on a lot of responsibility. Helping people live on easy street comes with a lot of baggage. And drugs and alcohol almost always show their ugly heads.

[donrhummy]

Is at a jackpot of $312,000,000.00. Would you take the cash option of $198,000,000.00 or go for the 26 year payout of a steady $12,000,000.00? That's a tough call! The temptation to blow huge portions if you took the one time payout would be pretty tough to resist, but the security of knowing that you will be netting almost $8mm a year for the next 26 years is pretty satisfying! This is obviously for the Getbiggers who do not already net $8mm per year.

The cash option of 198 is before taxes. I think you'd lose around 40% to taxes? Still and insane amount, but they shouldn't be allowed to advertise it as $312 million if it's really considered to be worth $198 million.

[dyslexic]

I only plan on getting what I give. Hard work. Don't gamble.

I can't even conceive what it would be like to "win" or receive money through any means other than pure hard work.

[Mick33]

I only plan on getting what I give. Hard work. Don't gamble.

I can't even conceive what it would be like to "win" or receive money through any means other than pure hard work.

Nonetheless, it is fun to daydream.

[Rearden Metal]

I'd take it all up front.this way when I die I can leave whats leftover to family and friends.


....the payments stop coming when you die.

No they don't. I'm a beneficiary of such payments when my uncle recently died.

[Doug_Steele]

[CalvinH]

Only 1 ticket sold for the winner.from Albany NY.

[newmom]

Only 1 ticket sold for the winner.from Albany NY.

when I heard that this am, I thought of JNN

[Jadeveon Clowney]

when I heard that this am, I thought of JNN

JNN was born under a bad sign...

[newmom]

JNN was born under a bad sign...

and what sign is that?

[Jadeveon Clowney]

and what sign is that?

Don't know.  He doesn't seem to be very lucky.  I remember years ago he was going to move to Vegas to be an actor in LA.  Still in upstate NY.

[mass 04]

when I heard that this am, I thought of JNN

In other news orders for $200 million worth of thongs, tanning oil, hair "putty", 28 inch waist skinny jeans, and moisturizer have been put in across upstate NY.

[newmom]

In other news orders for $200 million worth of thongs, tanning oil, hair "putty", 28 inch waist skinny jeans, and moisturizer have been put in across upstate NY.

LMAO, don't forget pink undies

[Doug_Steele]

LMAO, don't forget pink undies

What is wrong with these draws?




 

[TacoBell]

JNN was born under a bad sign...

and what sign is that?

[newmom]

What is wrong with these draws?




 

JNN has a smaller waist.

behave and be nice

[kiwiol]

and what sign is that?

The one that says "Keep off the grass"

[newmom]

The one that says "Keep off the grass"

 

[johnnynoname]

...my ass hurts

[newmom]

...my ass hurts

 

[gh15]

if any one ever offer you 200 million dollar on the spot ,,you say yes ,,you take the money ,,and run run run with out looking back ,,infact if they offer you 10 million dollar you do the exact same thing,,NOTHING LAST IN THIS GENERATION ,,you always take opportunity when it comes on the spot because YOU NEVER KNOW WHAT TOMOROW BRING IN AMERICANA ,,remember my words,,this is not 1975....this is 2011 time changed to the worse and lot worse than you think,,you take whatever you can get on the spot and put a percentage of it in a place no one knows and this place is no bank my friends,,majority can go to the bank to sit there,,but some of it shoudl always be in a place you and only you know!

gh15 approved