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1 ticket wins $212M Mega Millions drawing
NY Newsday ^
| 03.04.2009
Posted on 03/04/2009 3:58:31 AM PST by Perdogg
Someone gets to sleep in Wednesday.
New Jersey Lottery spokesman Dominick DeMarco says the one winning ticket in Tuesday's Mega Millions $212 million drawing was sold in Ocean County, New Jersey.
DeMarco can't yet say where it was purchased.
The person who holds it stands to earn about $8.1 million a year, before taxes, for the next 26 years as an annuity.
(Excerpt) Read more at newsday.com ...
TOPICS:
KEYWORDS: lottery
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1
posted on
03/04/2009 3:58:31 AM PST
by
Perdogg
To: Perdogg
Maybe it’ll make the lucky recipient able to survive the Obama era.
I’d take the lump sum option, myself.
2
posted on
03/04/2009 4:00:44 AM PST
by
Cymbaline
(I repeat myself when under stress I repeat myself when under stress I repeat myself when under stres)
To: Perdogg
The person who holds it stands to earn about $8.1 million a year, before taxes, for the next 26 years as an annuity. Only until about April; the Obamassiah will make sure and make that payout "fair"! The winner will get to keep a "fair" $45,000 and the rest will be shared for the good of all society!
3
posted on
03/04/2009 4:01:25 AM PST
by
PugetSoundSoldier
(Indignation over the sting of truth is the defense of the indefensible)
To: Perdogg
NJ, huh? Tough luck for the winner.
4
posted on
03/04/2009 4:02:02 AM PST
by
mewzilla
(In politics the middle way is none at all. John Adams)
To: Perdogg
The person who holds it stands to earn about $8.1 million a year...WTF? Collecting free money from the government is now called "earning"?
5
posted on
03/04/2009 4:02:15 AM PST
by
Fresh Wind
(Hey, Obama! Where's my check?)
To: Cymbaline
"I’d take the lump sum option, myself."
and move to Costa Rica...............red
6
posted on
03/04/2009 4:03:09 AM PST
by
rednek
("Light travels faster than sound. This is why some people appear bright until you hear them speak.")
To: rednek
take the lump sum. You can make more from taking the lump sum and put it into the bank and earn interest than 8 million over 27 years
7
posted on
03/04/2009 4:08:40 AM PST
by
4rcane
To: Perdogg
By the time they get done taxing it...$212.
8
posted on
03/04/2009 4:09:22 AM PST
by
xcamel
(The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
To: Cymbaline
Lump Sum, 4 million in gold, 2 million in guns and ammo, a bunch of freeze dried food ...
To: KentuckianaHeadhunter
Now you’re talkin’.
Hunker down and weather the storm.
10
posted on
03/04/2009 4:20:30 AM PST
by
Cymbaline
(I repeat myself when under stress I repeat myself when under stress I repeat myself when under stres)
To: Perdogg
Well, there goes my shot at financial success... ;)
To: KentuckianaHeadhunter
What about an exclusive zone, an industrial base, then a private army, and finally territorial accession?
12
posted on
03/04/2009 4:35:25 AM PST
by
MyTwoCopperCoins
(I don't have a license to kill; I have a learner's permit.)
To: mewzilla
...like most NJ lottery winners, his first thought, “get the Hell out of NJ”
13
posted on
03/04/2009 4:39:57 AM PST
by
Doogle
(USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
To: xcamel
By the time they get done taxing it...$212. Kidding aside... I've run the numbers on this before (because I'm a math geek at heart), and the cash option, after taxes (using MD taxes as a reference, since that's where I live) is approximately 45% of the "jackpot" (annuity) value.
That'd be a cool 95 million or so in this case. Even if you just want to "splurge" with 15 million, the remaining 80 million at a conservative 4% return nets $3.2 million in pre-tax income a year ($4.0 million at 5%).
I'm pretty sure I could live on that meager income.
14
posted on
03/04/2009 4:42:59 AM PST
by
kevkrom
("The man who reads nothing at all is better educated than the man who reads nothing but newspapers.")
To: Fresh Wind
WTF? Collecting free money from the government is now called "earning"?It's a lottery. Not the govt.
15
posted on
03/04/2009 4:44:30 AM PST
by
raybbr
(It's going to get a lot worse now that the anchor babies are voting!)
To: Doogle
...like most NJ lottery winners, his first thought, “get the Hell out of NJ”He'd better hurry :)
16
posted on
03/04/2009 4:45:30 AM PST
by
mewzilla
(In politics the middle way is none at all. John Adams)
To: Perdogg
I could win something like that but 212 million people would also have the same number. Under Obama I would owe two dollars tax on that $1.
17
posted on
03/04/2009 4:46:04 AM PST
by
Hillarys Gate Cult
(The man who said "there's no such thing as a stupid question" has never talked to Helen Thomas.)
To: kevkrom
Isn’t NJ flirting with some surtax on millionaires? Over and above the other taxes? If so, the winner had better beat feet.
18
posted on
03/04/2009 4:46:37 AM PST
by
mewzilla
(In politics the middle way is none at all. John Adams)
To: Perdogg
That would be about $4 million or so a year after taxes.
To paraphrase comedian Louis CK, that means you could blow 3 million, and still have a million left.
To: raybbr
It's a lottery. Not the govt. A lottery run by the government of NJ.
20
posted on
03/04/2009 4:54:13 AM PST
by
Fresh Wind
(Hey, Obama! Where's my check?)
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